Demonetisation has pushed credit growth to historic low: SBI Report

Mumbai, Jan 5 : Demonetisation has pushed the banks’ credit growth to historic lows and the rate cuts by banks may result in a rebound at least in the housing sector, a State Bank of India (SBI) report said on Thursday. “The low credit growth is a matter of concern, as the fortnightly data of […]

Moody’s retains rating on Indian oil firms

New Delhi, Jan 5 : Moodys Investor Service on Thursday retained its Baa3 rating for all three state-run Indian oil marketing companies (OMCs) on the basis of continued improvement in their credit metrics. “Moody’s Investors Service has affirmed the Baa3 ratings of India’s three state-owned oil refining and marketing companies — Indian Oil Corporation (IOC), […]

PSBs to have more attractive pay packages: Vinod Rai

[New Delhi: Vinod Rai, Chairman, Banks Board Bureau lighting the ceremonial lamp at 97th ASSOCHAM Foundation Day Lecture in New Delhi on Thursday. D.S. Rawat, Secretary General, Ved Jain, Vice President and Sunil Kanoria, President, ASSOCHAM also seen in the picture. /PTI] New Delhi, Jan 5 : The Public Sector Banks (PSBs) will have far […]

Chinese firms to build world’s tallest twin towers in Cambodia

Beijing, Jan 5 : Two Chinese companies have signed a contract to construct skyscrapers in the Cambodian capital of Phnom Penh, whose height will exceed the Petronas Towers in Kuala Lumpur, currently the tallest twin towers in the world. Within a period of five years, Sino Great Wall International and the Wuchang Shipbuilding Industry Group […]

Reliance Power names Suresh Nagarajan as Chief Financial Officer

Mumbai, Jan 5 : Reliance Power said on Thursday that its board has appointed Suresh Nagarajan as the company’s new Chief Financial Officer. “Suresh Nagarajan, who is presently holding the position of Senior Executive Vice President, has been elevated to the position of Chief Financial Officer by the Board of Directors at their meeting held […]

Uber to focus on ‘UberPOOL’ in 2017

New Delhi, Jan 5 : In line with its recent “SwitchToPOOL” campaign, online cab-hailing firm Uber’s focus in 2017 will be on popularising UberPOOL — a service that enables people going the same way at the same time to share their journey, the company said on Thursday. The company has also rolled out updates to […]