1. The Reserve Bank further relaxed external commercial borrowing guidelines and allowed companies to bring in funds up to $500 million for rupee expenditure under the automatic route.
2. ICICI Home Finance Co (I-HFC), the home-loan arm and subsidiary of ICICI Bank, has increased the interest rate on its new home loans by 1 percentage point.
3. P Chidambaram said Govt will inject fresh capital in seven public sector banks to improve their financial health and help them achieve a capital adequacy ratio of over 12 per cent.
4. Many banks are still busy borrowing large amounts from the Reserve Bank of India, while policy-makers in New Delhi ponder measures to keep the cash taps flowing.
5. As a result of the global credit crunch several countries have passed laws guaranteeing their depositors' savings.
6. The decline in growth in insurance premium collection, post the rise in inflation and global economic slowdown, has affected the state-owned Life Insurance Corporation the most.
7. Though the Govt has talked down inter-bank borrowing rates, the nation’s banks are still has large liquidity gaps — which means they are short of cash to meeting commitments.
8. With the global financial crisis spreading its wings across the globe, the Indian banking industry has quietly adopted a cautious lending policy, particularly towards the small and medium enterprises (SMEs).
9. The Reserve Bank of India has issued guidelines paving the way for subscribers of mobile-banking services to send and receive up to Rs 5,000 a day through their phones.
10. Investors depositing their money with the banks are opting for long term maturity plans instead of medium and short term to park their money, says an RBI report.
