MANILA, Philippines Commercial lender Asia United Bank, a unit of the Jacinto Ng Sr. Group of Companies, expects to double its profits in 2010 by focusing more on the consumer lending business, which makes up only a small part of its current portfolio. Asia United senior...
By 5:30 AM Friday Jul 30, 2010 Email Print Credit growth slipped into negative territory last month, led by a continuing contraction in bank lending to the business sector. Businesses owed their banks $72.8 billion, down $400 million or 0.5 per cent on May and down $6...
BY JIMMY CALAPATI The law, even if it does not make economic sense, is the law. Therefore, the banks have no option but follow a new law that requires them to lend 15 percent of their loanable funds to agriculture and 10 percent to agrarian reform. "The 25 percent...
MUMBAI: HDFC Bank, Lakshmi Vilas Bank and Central Bank set off a round of deposit rate hikes to attract funds to meet accelerating investment and consumption, but lending rates may stay where they are, at least for now, as banks' high profitability provides a cushion....
Mumbai, July 27, (IANS): Housing and automobile loans among others could see a rise in the coming months following the Reserve Bank of India's (RBI) decision to hike key short-term interest rates. "Upward bias has definitely built up and now it all depends on credit...
In a chat with ET Now, Dilip Bhat, Jt MD, Prabhudas Lilladher, gave his views on RBI credit policy and impact on bankingstocks. Excerpts: What did you make out of the credit policy announcement in line with...
from SCPR In these difficult economic times, many Americans are wary of buying items they'll use just once or twice and then store in the garage. But for those times you really need a hedge clipper, bread maker or camping stove, there's a social networking site called...
Banks will be warned today that they face greater government regulation unless they "get their house in order" and boost their lending to cash-starved businesses. Ministersfear that a shortage of credit for small and medium-sized firms could scupper economic recovery....
ET INTELLIGENCEGROUP Yes Bank reported the highest ever quarterly net profit in the June 2010 quarter. With the latest set of numbers, it has reaffirmed its status as one of the fastest-growing banks in the country. Earlier in the month, IndusInd Bank, too, reported...
By EMILY MALTBY Behind the credit squeeze on small business lies the collateral gap. Many small businesses, thwarted in efforts to get loans, are saying it takes money to get money. That's because property and equipment assets have fallen in value, so businesses seeking...
