RBI shelves credit derivative
RBI shelves credit derivative introduction
On 19th June, 2008, RBI postponed the introduction of credit derivatives in view of the volatile international financial markets. Credit derivatives are bilateral negotiable contracts, which allow its users to hedge the risk exposure. These are a category of financial assets. The amount of Credit risk is an important determinant of the price of a credit derivative.Indian Corporate Bigwigs playing it safe
Indian corporate players seem to be staying away from any fresh debt issuance for the time being. The industry is wary of any further tough stance from the RBI, for containing the highest inflation faced by the country in the last 13 years.Inflation in the country has already attained double digit figures. The increasing fuel prices have further contributed to the financial mess. As warned by the Finance Minister the country is in for some strict anti-inflationary measures.The RBI has already increased the key lending rate and the CRR. RBI aims to sop up the excess liquidity from the system. This will in effect augment the borrowing cost. The business companies are waiting for the situation to stabilize. Tight cash conditions imply that potential debt issuers would have to offer higher interest rates, which will be dearer for the company.Societe Generale expansion on anvil in India
France based bank Societe Generale is planning to expand its private banking network in India. The bank is set to double its staff strength. Societe Generale is targeting the 'nouveau riche' segment of the Indian population as its prospective client base. The bank plans to expand its operations in around ten Indian cities. At present Societe Generale, India operates from offices in New Delhi and Mumbai. Liberalization of India's financial market has generated the scope for accelerated wealth accumulation in the country. Societe Generale eyes to tap this resource base.Increased wealth accumulation by a cross section of the Indian population and the general policy deregulations have made India a favored business destination for international banks.Scotiabank forges relationship with HDFC, India
Scotiabank will be shortly signing a formal agreement with HDFC Bank, India. This agreement will enable Scotiabank to expand its range of financial services, extended to the Indian immigrants to Canada.The proposed agreement between the two banking majors will provide Scotiabank with a unique leveraging position in the market. As per Sabi Marwah, Scotiabank's Chief Administrative Officer, Scotiabank will now be in a position to better serve the Indian immigrants to Canada. The bank's Canada based customers can also gain referral to HDFCs banking services in India. The services rendered to clients under this agreement will be subjected to the existent local banking regulatory framework.
It may be noted that Scotiabank is a leading Canadian bank, which operates globally with a particularly strong presence in Latin America and the Caribbean.
List of Bank Branches in India
- abhyudaya cooperative bank limited
- abu dhabi commercial bank
- ahmedabad mercantile cooperative bank
- airtel payments bank limited
- akola janata commercial cooperative bank
- allahabad bank
- almora urban cooperative bank limited
- andhra bank
- andhra pragathi grameena bank
- apna sahakari bank limited
- au small finance bank limited
- australia and new zealand banking group limited
- axis bank
- b n p paribas
- bandhan bank limited
- bank of america
- bank of baharain and kuwait bsc
- bank of baroda
- bank of ceylon
- bank of india
- bank of maharashtra
- bank of tokyo mitsubishi limited
- barclays bank
- bassein catholic cooperative bank limited
- bharat cooperative bank mumbai limited
- canara bank
- capital small finance bank limited
- catholic syrian bank limited
- central bank of india
- chinatrust commercial bank limited
- citi bank
- citizen credit cooperative bank limited
- city union bank limited
- corporation bank
- credit agricole corporate and investment bank caly
- credit suisee ag
- dcb bank limited
- dena bank
- deogiri nagari sahakari bank ltd. aurangabad
- deposit insurance and credit guarantee corporation
- deustche bank
- development bank of singapore
- dhanalakshmi bank
- doha bank
- doha bank qsc
- dombivli nagari sahakari bank limited
- equitas small finance bank limited
- esaf small finance bank limited
- export import bank of india
- federal bank
- fincare small finance bank ltd
- fino payments bank
- firstrand bank limited
- g p parsik bank
- haryana state cooperative bank
- hdfc bank
- himachal pradesh state cooperative bank ltd
- hsbc bank
- icici bank limited
- idbi bank
- idfc bank limited
- idukki district co operative bank ltd
- indian bank
- indian overseas bank
- indusind bank
- industrial and commercial bank of china limited
- industrial bank of korea
- jalgaon janata sahakari bank limited
- jammu and kashmir bank limited
- janakalyan sahakari bank limited
- janaseva sahakari bank borivli limited
- janaseva sahakari bank limited
- janata sahakari bank limited
- jp morgan bank
- kallappanna awade ichalkaranji janata sahakari ban
- kalupur commercial cooperative bank
- kalyan janata sahakari bank
- karnataka bank limited
- karnataka vikas grameena bank
- karur vysya bank
- keb hana bank
- kerala gramin bank
- kotak mahindra bank limited
- kozhikode district cooperatiave bank ltd
- laxmi vilas bank
- mahanagar cooperative bank
- maharashtra gramin bank
- maharashtra state cooperative bank
- mashreqbank psc
- mizuho bank ltd
- nagar urban co operative bank
- nagpur nagarik sahakari bank limited
- national australia bank limited
- national bank of abu dhabi pjsc
- new india cooperative bank limited
- nkgsb cooperative bank limited
- nutan nagarik sahakari bank limited
- oriental bank of commerce
- paytm payments bank ltd
- pragathi krishna gramin bank
- prathama bank
- prime cooperative bank limited
- pt bank maybank indonesia tbk
- punjab and maharshtra cooperative bank
- punjab and sind bank
- punjab national bank
- rabobank international
- rajgurunagar sahakari bank limited
- rajkot nagrik sahakari bank limited
- rbl bank limited
- reserve bank of india pad
- sahebrao deshmukh cooperative bank limited
- samarth sahakari bank ltd
- saraswat cooperative bank limited
- sber bank
- sbm bank mauritius limited
- shikshak sahakari bank limited
- shinhan bank
- shivalik mercantile co operative bank ltd
- shri chhatrapati rajashri shahu urban cooperative
- societe generale
- solapur janata sahakari bank limited
- south indian bank
- standard chartered bank
- state bank of india
- sumitomo mitsui banking corporation
- surat national cooperative bank limited
- suryoday small finance bank limited
- sutex cooperative bank limited
- syndicate bank
- tamilnad mercantile bank limited
- telangana state coop apex bank
- textile traders cooperative bank limited
- the a.p. mahesh cooperative urban bank limited
- the akola district central cooperative bank
- the andhra pradesh state cooperative bank limited
- the bank of nova scotia
- the baramati sahakari bank ltd
- the cosmos co operative bank limited
- the delhi state cooperative bank limited
- the gadchiroli district central cooperative bank l
- the greater bombay cooperative bank limited
- the gujarat state cooperative bank limited
- the hasti coop bank ltd
- the jalgaon peopels cooperative bank limited
- the kangra central cooperative bank limited
- the kangra cooperative bank limited
- the karad urban cooperative bank limited
- the karanataka state cooperative apex bank limited
- the kurmanchal nagar sahakari bank limited
- the mehsana urban cooperative bank
- the mumbai district central cooperative bank limit
- the municipal cooperative bank limited
- the nainital bank limited
- the nasik merchants cooperative bank limited
- the navnirman cooperative bank limited
- the pandharpur urban co op. bank ltd. pandharpur
- the rajasthan state cooperative bank limited
- the royal bank of scotland n v
- the seva vikas cooperative bank limited
- the shamrao vithal cooperative bank
- the sindhudurg district central coop bank ltd
- the surat district cooperative bank limited
- the surath peoples cooperative bank limited
- the tamil nadu state apex cooperative bank
- the thane bharat sahakari bank limited
- the thane district central cooperative bank limite
- the varachha cooperative bank limited
- the vishweshwar sahakari bank limited
- the west bengal state cooperative bank
- the zoroastrian cooperative bank limited
- tjsb sahakari bank limited
- tumkur grain merchants cooperative bank limited
- uco bank
- ujjivan small finance bank limited
- union bank of india
- united bank of india
- united overseas bank limited
- utkarsh small finance bank
- vasai vikas sahakari bank limited
- vijaya bank
- westpac banking corporation
- woori bank
- yes bank
- zila sahakri bank limited ghaziabad
More Banks