Banks witness rising risks from unsecured loans

Reserve Bank of India Deputy Governor Anand Sinha on Wednesday said that though bad loans were rising in the system, the central bank did not see it as a systemic risk yet. Talking to reporters on the sidelines of FICCI-IBA summit here, he said, “We don’t see any systemic risks from the current trend of […]

SBI rules out dual loan rate

The State Bank of India today said it had no plans to take a cue from rival ICICI Bank and devise a dual rate home loan scheme. “We have no plans at present to introduce a dual rate home loan,” SBI chairman Pratip Chaudhuri said on the sidelines of the Ficci-IBA conference here today even […]

SBI pays the price for being a govt-owned bank

If investors need any further proof that having the government as majority shareholder is detrimental to their interests, the State Bank of India (SBI) is Exhibit A. The bank is 41 % owned by the public, but their misfortune is that the government owns the balance 59 percent – and is unwilling to chip in […]

Note the exit hurdle on debt instruments

There are penalties and expenses, and you may even have to sell at a discount in exchange for money and moving the debt early. With interest rates on the boil, financial planners are insistently recommending debt funds, fixed deposit (FD) and non-convertible debentures (NCDs). For an investor, who seeks the safety of debt, along with good […]

Thomas Apel Returns To ADFITECH, Inc.

(1888PressRelease) The founder of ADFITCH, Thomas Apel, has rejoined the company to assist with the new initiatives being developed. Edmond, Oklahoma – ADFITECH, Inc. is pleased to announce the return of its founder, Thomas G. Apel, to the company. As the mortgage industry continues to search for the new normal after the sub prime meltdown, […]