Moneycontrol PRO

business

Managing asset quality to be priority: Union Bank CMD

When the economy is booming, banks are among the biggest beneficiaries due to a surge in demand for credit. Conversely, when the economic growth shifts into a lower gear, banks feel the heat first. The risks are twofold: high rates of interest hurt demand for loans and lower profits.

first published: Jul 16, 2011 04:57 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347