MONEY & BANKING
AWARDS & HONOURS
Andhra Bank, SBI, SBH bag KVIC awards
ANDHRA Bank, State Bank of India (SBI) and State Bank of Hyderabad (SBH) have bagged the awards set up by the Khadi and Village Industries Commission (KVIC). The Commission has for the first time set up awards for the best banks that were ...
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INSIGHT
Oil import bill may queer the pitch for Govt
ONE factor that has made any economic forecasting and projections difficult this year has been the surging crude oil prices. The possibility of an oil shock is looming as the NYMEX futures for short month has been trading firm around $50 ...
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DEBT MARKET
Revenue shortfall, oil prices pressure bonds
BOND markets went into a tailspin on fears that Government borrowings were likely to overshoot targets after a shortfall in revenue receipts. Also, markets were worried over the oil price spike after crude crossed the $50 mark. The spike ...
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PUBLIC SECTOR BANKS
IOB scheme for PSU issues
VISAKHAPATNAM: Indian Overseas Bank (IOB) has devised a special financing scheme for the public to invest in the shares of public sector units (PSUs) such as NTPC, according to a bank release. The interest rate for these loans will be ...
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GOVT BONDS
Centre completes 44 pc borrowings in first half
IN the first six months of this fiscal, the Centre has managed to complete just a little over 44 per cent of its budgeted market borrowings. This leaves a sizeable chunk of borrowings to be done during the second half, coinciding with the ...
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NON-PERFORMING ASSETS
Coimbatore DRT facing staff shortage
THE Debt Recovery Tribunal (DRT) in Coimbatore has become non-functional, thanks to the lethargy in filling up vacancies. First it was the Presiding Officer, Mr Chandra Parkash, who was called back. But soon after the Presiding Officer of ...
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MERGERS & ACQUISITIONS
Union Bank plans to go global — Eyes bank with branches abroad
UNION Bank of India is on the lookout for acquiring a bank that has operations abroad to gain a quick entry into the international banking scene. "We are talking to various merchants bankers to identify a bank which has branches abroad," said ...
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TRADE & LABOUR UNIONS
Bank wage talks to resume
AN improved wage offer from the Indian Banks' Association led to the withdrawal of the threatened two-day strike on October 5 and 6. IBA has offered a wage hike that would amount to Rs 1,800 crore compared with Rs1595 crore offered earlier. ...
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EVENTS
SBI officers' conference in Bangalore
BANGALORE: The State Bank of India Officers Association, Karnataka, held a combined zonal conference on Sunday addressing the issues of the association's response to liberalisation, privatisation and globalisation of the country's banking ...
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Cross Currency Rates
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