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'Banks to take cue from RBI policy to decide rates'
Lending rates might move upward in the months ahead as credit growth picks up, but banks may take a cue from the RBI policy before effecting any change in their rate-structure, a top banker today said.

RBI model to provide banking services in remote areas
The Reserve Bank of India has adopted a business correspondence model, acting as an agent of a commercial bank, to provide banking services to the people of remote areas where there is no banking outlet.

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Maruti, Tata Motors lead auto rally
The Auto index was up 1% at 7,316.
International Business

Luminous Power Tech appoints Arun Nagpal as CEO

Power and energy storage company Luminous Power Technologies today announced the appointment of Arun Nagpal as Chief Executive Officer of the company. - Shobhana Subramanian: The margins can wait">Shobhana Subramanian: The margins can wait - Hindustan Unilever gains on defensive buying - Markets recover from day"s lows - Liril woos the family - HUL to sell 7 residential properties in Gurgaon, Mumbai - Chinese, made in India Prior to the appointment, Nagpal was working as the Chief Executive Officer of auto components firm Minda Auto Care, Luminous Power Technologies said in a statement. "Nagpal brings to us rich, diversified and well rounded 25 years experience in the industry. This would help drive the company"s growth through the next expansion phase...," the company said. Nagpal has earlier worked with Hewlett Packard, Oriflame Nitco tiles and Hindustan Unilever amongst others.


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