Financial Daily from THE HINDU group of publications
Saturday, June 18, 2005
Forex Rates
Forex Trends Euro |USD |Forex Report |

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

MONEY & BANKING

FARM CREDIT


Karnataka Bank finalises agriculture credit plan
KARNATAKA Bank Ltd has finalised an agriculture credit plan envisaging fresh deployment of Rs 350 crore towards agriculture for 2005-06. A bank release said here on Friday that the credit plan was finalised at the Agri Business Conference 2005 ... More

FOREX


Rupee strengthens; bonds range-bound
THE rupee made further gains on Friday against the US dollar on the back of steady inflows and a strengthening euro. The domestic currency was range-bound during the day. It opened at 43.56/57, touched an intra-day low of 43.58/59, but closed ... More

HOUSING FINANCE


Housing finance cos seek tax concessions
THE ever-growing home loan market may be grabbing the attention of lenders, but the principal specialised players in the segment - the housing finance companies - are finding the going tough. With their competitive edge blunted because ... More

Banks, HFCs in no hurry to hike home loan rates
A HIKE in home loan rates is not currently on the cards for banks and housing finance companies. Most of them are taking a wait-and-watch approach to the recent rate hike by the two big players, ICICI Bank and HDFC. On Thursday, HDFC and ICICI ... More

Beware housing bubble: Parekh
THERE is a need to make sure that all the stakeholders in the housing sector - development authorities, regulators, housing finance companies, banks and developers - work together to check the speculative angle in rising residential ... More

The glaring mismatch in home loans
Has the sharp rise in housing loans triggered off a corresponding boom in other sectors? ? Have linkages been built between the housing and other sectors? More

CONSUMER FINANCE


ICICI Bank personal loans may turn costlier
THE hike in home loan interest rates by ICICI Bank is a lag correction and was done to protect interest margins, said Mr K.V. Kamath, Managing Director and Chief Executive Officer. On Thursday, ICICI Bank increased its lending rates for home ... More

PRIVATE BANKS


No plans now to merge with parent, says HDFC Bank
THERE are no plans at present to merge HDFC Bank with its parent, Mr Jagdish Capoor, Chairman, said in reply to a question at the bank's AGM here today. Shareholders' demand for bonus shares, higher dividend and better service were met with a ... More

PUBLIC SECTOR BANKS


IOB drops GDR issue plan
CHENNAI: Indian Overseas Bank has decided not to proceed with the proposed $70 million GDR issue. In a notification to the stock exchanges, the bank had said that it was "comfortably placed in the matter of capital adequacy" to take care ... More

FINANCIAL INSTITUTIONS


$50-m IFC loan for IDFC
INTERNATIONAL Finance Corporation, the private sector financing arm of the World Bank Group, has signed an agreement to provide $50 million in long-term debt financing to Infrastructure Development Finance Company Ltd (IDFC). IFC is a ... More

FIXED DEPOSITS


JM Equity & Derivative Fund locks significant portion in FDs
A SIGNIFICANT component of JM Equity & Derivative Fund's corpus is lying locked in fixed deposits with various banks, an allocation that JM Mutual Fund strongly defends when faced with the criticism that actively-managed funds should not park ... More

PUBLIC OFFER


Syndicate Bank 2nd public issue
BANGALORE: Syndicate Bank's second public issue is targeted to open for subscription in the first week of July after it received the approval of the regulator, the Securities and Exchange Board of India. The bank proposed to issue 50 ... More

CO-OPERATIVES


TN to provide additional aid to Sivagangai coop bank
THE Tamil Nadu Government will provide additional assistance of Rs 12.50 crore to the Sivagangai District Central Cooperative Bank. Of this, Rs 5 crore will be given as an outright subsidy and Rs 7.50 crore as share capital ... More


Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
Pick a Winner Stock Market Contest

Top Stories
CMC, TCS script joint growth plan


Beware housing bubble: Parekh

Tyre producers may import 70,000 t rubber

Aviation majors vie for orders, speed records

Govt to allow private players in deepening port channels

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jun. 5-Jun. 11
Forex reserves rise by $175 m

Assocham pitches for rural home loans at 6 pc interest

NBFCs active players in securities market

Kotak Mahindra Bank buys Rs 1,000-cr stressed assets

Banks sight treasury gains


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line