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Our Press Releases / Views on Recent Developments in Financial Sector

 

 

  • Even Public Sector Banks are openly defying RBI signals to control inflation - Should RBI not intervene ?  The statements issued by some of the heads of PS banks immediately after the announcement of repo hike indicates that MOST OF Bank heads are in no mood to heed to the signals sent by RBI to control inflationary trends.  Should RBI not reign such attempts by top bankers.  Read more ..... (released on 17/09/2011)

  • Central Bank of India Spends Rs 5 lacs to deny Rs. 9 lac under VRS (uploaded on 18/09/2011)

 

  • Government must allow RBI Governor to act independently for deciding whether to raise Repo or other policy rates : Now it has become public that government is using various tactics to pressurize RBI Governor to stop increase in policy rates.  AllBankingSolutions is of the view that a wrong precedent is being set up by government.  There are number of reasons why there should be an increase in policy rates at this stage. Read More....

  • (released  on 14/09/2011)


  •  Deposit Interest Rates - Bold Initiative by SBI : In the beginning of August, 2011 SBI took a bold step whereby the Deposit rates on maturities from 1 year to 10 year for deposits below Rs 1 crore has been fixed at 9.25%.  This has remained unnoticed / ignored by most of the banks / bankers. However, AllBankigSolutions.com views this as a bold step and   SBI has shown that it is truly a  leader and is trying to correct the myths.   What is the position of other major players like BOB, PNB,  Canara Bank ? What is the impact of this step on depositors and on SBI?    Read More.