MONEY & BANKING
FINANCIAL SERVICES
SREI's infrastructure auction generates biz worth Rs 100 cr
IT was a different kind of auction altogether. An auction where "You Decide, SREI Provides." An auction where participants bid for the lowest interest rates on finance of infrastructure equipment. And, at the end of the evening at Paison ki ...
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INSIGHT
Report on Trend and Progress of Banking 2003-04 — Enhanced credit for infrastructure vital
THE latest report on Trend and Progress of Banking in India for 2003-04 follows the lines of its predecessors in presenting a workmanlike account of the health of the banking industry and its prospects. It tells, of ...
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Tight control over Govt expenditure
A BRIEF look at the table will tell you that the Central Government has done reasonably well in managing its finances this year. Though the numbers are not as good as they seem in the first glance, they are not too bad either. The ...
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INFORMATION TECHNOLOGY
SBI to enlarge CBS coverage in Kerala
KOCHI: The State Bank of India is to enlarge coverage of Core Banking Solutions (CBS) branches networked in Kerala. Inaugurating the CBS at its Personal Banking Branch Ernakulam on Sunday, Mr Asok Kini, Managing Director, of the Bank said ...
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FOREIGN DIRECT INVESTMENT
`Roadmap for FDI in pvt banks by month-end'
The Finance Minister, Mr P. Chidambaram, has said the blueprint for acquisition of up to 74 per cent equity in Indian private banks by foreign banks will be announced by the month-end. Speaking at the India Economic Summit 2004 here, Mr ...
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PRIVATE BANKS
Ministry told to withdraw note on pvt banks' voting rights cap
IN a setback to banking sector reforms, the Ministry of Finance has been asked to withdraw its Cabinet note seeking lifting of the 10-per cent voting rights cap in Indian private sector banks. The note had proposed that voting rights be made ...
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PUBLIC SECTOR BANKS
Dena Bank targets 100 pc growth in retail portfolio
DENA Bank has filed prospectus for its second public issue of Rs 80 crore that is expected to hit the market by January 15 at a price band of Rs 23-27. The Executive Director of Dena Bank, Mr M.V. Nair, told reporters in Pune that the ...
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GOVT BONDS
Rs 2,500-crore MSS auctions on Dec 8
AFTER cancelling scheduled auctions under the Market Stabilisation Scheme (MSS) for the past four consecutive weeks, the Reserve Bank of India has announced auctions worth Rs 2,500 crore of treasury bills to be held under the MSS on December 8. ...
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