MONEY & BANKING
FOREX
Rupee firms up; gilts advance
MUMBAI: The rupee closed marginally stronger on Thursday at 45.25 against the dollar as against Wednesday's close of 45.26/27. The market was almost evenly matched in terms of demand and supplies of the greenbacks, dealers said. In the ...
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HOUSING FINANCE
Sundaram Home seeks RBI nod for ADB loan — Portal launched to guide prospective buyers
SUNDARAM Home Finance has sought the Reserve Bank of India's permission to avail itself of the $20 million (around Rs 91 crore) ADB loan that the company had completed negotiations for. Before Sundarm Home Finance could draw the loan, came the ...
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ICICI Bank home loan disbursals at Rs 86,406 cr till Dec
ICICI Bank has said that its home loan portfolio for the current fiscal in the first nine months almost equalled disbursements made in the entire last fiscal. The bank disbursed Rs 86,406 crore till December-end, marginally less than Rs 86,595 ...
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HUMAN RESOURCES
IFCI staff prefer IDBI to PNB
FOR some it may appear to be fight for a hopeless cause, but IFCI employees are making a last-ditch effort to halt the institution's proposed merger with Punjab National Bank (PNB). Pressure is being mounted on the Government by the Officers' ...
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RBI & OTHER CENTRAL BANKS
Banks given more freedom to grant NRIs rupee loans
THE Reserve Bank of India has granted more freedom to banks in advancing rupee loans to non-resident Indians. Commercial banks will be free to grant rupee loans at the discretion of their individual boards so long as the funds are not used for ...
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NON-PERFORMING ASSETS
PNB sets 2 years to recoup Nedungadi bad loans
ALL banks are at it - striving to recover whatever possible from loan defaulters. The situation is the same at Punjab National Bank (PNB), albeit on one count - the bank has set for itself a timeframe of two years for recovering the bad ...
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CREDIT MARKET
Kamath says demand for bank funds will rise
THE ICICI Bank Managing Director and Chief Executive Officer, Mr K.V.Kamath, expects the demand for bank funds to rise sharply in the medium term. The deployment of the Rs 3,500-crore that his bank is planning to raise from the public is, ...
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CREDIT CARDS & DEBIT CARDS
Federal, ICICI Bank unveil co-branded credit card
THE Aluva-based Federal Bank today introduced co-branded credit cards with ICICI Bank. Speaking at the launch function in Kochi, Ms Chanda Kochhar, Executive Director of ICICI Bank, said: "Though this is the first co-branding venture with ...
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EVENTS
Bank seminar in Mangalore from Feb 16
CORPORATION Bank chair in bank management at Mangalore University will conduct a two-day national seminar on "WTO and banking sector in India" in Mangalore from February 16. Addressing a press conference here on Thursday, the Registrar of ...
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CO-OPERATIVES
RBI fiat to urban co-ops on SGLs
THE Reserve Bank of India has firmly asked urban co-operative banks to stop maintaining constituent subsidiary general ledger accounts of other urban co-operative banks. These accounts are maintained in order to trade in gilts. bonds. In a ...
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Cross Currency Rates
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