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DURING RECESSION
AnshitaGupta Roll no – 10
Katya Cordeiro Roll no - 20
Gia D’cunha Roll no – 30
JimcyDaniel Roll no - 40
SCHEDULE BANKS
• Included in the second schedule of the RBI act of
1934.
• Have to fill 2 conditions:
– Paid up capital and collected funds of banks
should not be less than Rs. 5 lacs.
– Any activity of the bank will not adversely
affect the interest of depositors.
E.g. SBI, ICICI, ING Vyasa,
– Urban Co-operatives
– State Co-operatives
– Switzerland’s UBS
– US based GE capital
Regional Rural banks
• Established in rural areas.
-- Axis Bank (BBB-/A-3)
-- Bank of Baroda (BBB-/A-3)
-- Bank of India (BBB-/A-3)
-- Canara Bank (BBB-/A-3)
-- HDFC Bank Ltd. (BBB-/A-3)
-- ICICI Bank Ltd. (BBB-/A-3)
-- IDBI Bank Ltd. (BBB-/A-3)
-- Indian Overseas Bank (BBB-/A-3)
-- Indian Bank (BBB-/A-3)
-- State Bank of India (BBB-/A-3)
-- Syndicate Bank (BBB-/A-3)
-- Union Bank of India (BBB-/A-3)
• The rating agency maintained its “BBB-” long-term and “A-3”
short-term credit ratings for India. Both these ratings are at
the lowest rung of the so-called investment grade.
•
• This is due to the direct and indirect influence that the
sovereign in distress would have on a bank's operations,
including the bank's ability to service foreign currency
obligations
•
This belief stems from the following factors:
Repo rate: 5%
Reverse Repo: 3.5%
CRR:5%
SLR: 24%
•
State Bank Of India
• SBI has emerged as the most hostile
player by announcing a special scheme
under which new home loan borrowers
are being offered an 8% rate.( Happy
Home Offer)
• Scheme is open till April 2009
• Froze interest rate on auto loans at 10%
for a year
Canara Bank
Allows transfer of loans
decided to fix loan rates for 20 years by
applying different rates to varying slabs.
For loans <Rs30 lakhs
prevailing BPLR
For loans of Rs 30 -99 lakhs, the bank will