Banks general
RBI issues draft guidelines for banks' recovery agents
30 Nov 2007
The Reserve Bank of India has asked banks not to set stiff recovery targets or high incentives for its agents, which may induce them to use intimidatory or questionable methods of recovering dues.
Government clears State Bank's Rs10,000 crore rights issue
30 Nov 2007
The government on Friday gave a much awaited nod to the nation's leading lending institution State Bank of India (SBI) to enhance equity by Rs 10,000 crore, a move that would help the bank meet its capital requirement.
Fed still divided on cutting interest rates, despite vice chairman Kohn's positive signals
By Ashwin Tombat | 29 Nov 2007
Regional Fed heads strike a radically different note even as Wall Street gives a 300-point rising ovation to Fed vice chairman Kohn's rate-cutting hints.