The Edelweiss Housing Group which is a housing finance company is planning to attain a total of Rs 1,500 crore for this fiscal. An official of the company have said that they would make necessary strategies in order to raise their sales for this fiscal year. They will be putting this into realization with raising […]
Dr D. Subbarao, made a decision regarding key policy rates that is first in about three years. A 50 point basis was cut in the repo rate. This has been good news for banks giving them the relief they need on the liquidity front. This decision was made due to the slowdown in growth. It […]
State Bank of India, country’s leading bank operator is now in a difficult situation. SBI needs to raise funds of about $3 billion (Rs. 15000 Crore) to meet the loan demand. Apart from $1.6 billion (Close to Rs. 8000 crore) assured by the government, the bank needs to raise more funds. Worsening economy is resulting […]
BSNL (Bharat Sanchar Nigam Ltd) is planning to increase its value up to Rs 15,000 crore through long-term loans from banks. SBI Capital Markets has been appointed to arrange the loans to telecom PSU. BSNL is in huge debts, The PSU had registered a loss of over Rs 6,000 crore for the year 2010-11 and […]
