Friday, October 4, 2013

Additional Funds For Loans To Banks

The budget deadlock has made America the world's currencies have weakened the dollar in front of it, selling the u.s. currency have gathered the exporter have been engaged in because of Indian currency inter-bank foreign exchange market in 73 money i.e. $ 1.17 per phisad mounted 61.74. against the dollar's highest level this of seven weeks.

Money market euro for this situation and cognizant of the yen before the dollar weakness responsible. the current situation of the domestic currency also benefited the us. This is the day the domestic currency per past session lock status compared to $ 62.47 firmly with 62.15 per dollar, the rupee higher into time. at 61.65 per dollar level.

Vitta Minister p Chidambaram RBI Governor on Tuesday with raghuram Rajan in fixed amount of capitalization that banks can be in meeting the increased economic Affairs Secretary Arvind mayaram too. Government's special focus in the consumer goods and the auto sector bikes simplify debt. interest on consumer loans believes the Ministry's lower rates will help boost demand in the end of this month. In its quarterly review of monetary policy in the Reserve Bank is also taking steps in this direction.

The Ministry has not yet exposed vitta banks capitalization but how will additional funds the total amount allocated in the budget mayaram said much more about 14,000 crores lasted an hour would be the different industry sectors also on the amount of debt the Bank. September, 2013 ended up half the growth rate of total loans of the banks than last year was 18 phisadBut some areas was significantly lower loan rate given the Ministry of it from RBI Chair vitta bikes and to focus on consumer products.

Festivals entice middle class Government consumer goods such as fridges and televisions, bikes for cheap loans which could prove the phuss pulled way. the Government encourages it by giving additional funds to public banks, while the reality is that these many years ago all such schemes the Bank closed.

The country's leading two-Wheeler maker Bajaj Auto business two-wheelers leading Srinivas told the santabanta banks extra funding this festive season do not affect most government Bank two-Wheeler business loans. as well as possible the Fund meet. these come in business again, but it will take time to purchase some private bikes. Bank or non-banking companies on behalf of the vittaiya Debt.

Vice President of Yamaha Motor India opinion Kurien anyway so that later the Government declare beneficial. but public bank how will the enthusiasm, just doubt. such loans have stopped to give banks now evolving from scratch. Kurien to be alert warns that banks elsewhere things may not go as the year 2003-04When anyone auto loan was given to both the Bank and the companies suffer the brunt of her..