The Hindu Business Line : Saturday, February 18, 2006

Canara Bank home loan fest
THIRUVANANTHAPURAM: The Revenue Minister, Mr K.M. Mani, will inaugurate a three-day home loan festival being conducted here by Canara Bank from Monday next. The highlight of the loan festival will be the concessional rates on offer that ... More

PRIVATE BANKS

Kotak Mahindra Bank plans 100 branches by March 2007
THE private sector Kotak Mahindra Bank has targeted a branch network of 100 branches by March 2007. Speaking to newspersons here on Friday, the bank's Executive Vice-Chairman and Managing Director, Mr Uday Kotak said, "The branches will be ... More

Karnataka Bank to celebrate Founders' Day
MANGALORE: Karnataka Bank Ltd will celebrate its Founders' Day here on February 18. A bank release said here that Dr K.R.S. Murthy, Chairman of Board for Information Technology Education Standards, Government of Karnataka, would deliver ... More

PUBLIC SECTOR BANKS

Basel compliance requirements — More PSBs to tap capital market
The implementation of the Basel guidelines would enhance the risk capital requirements for the banking sector. Another factor to note is the high non-food credit growth. More

SBT staff stage sit-in
THIRUVANANTHAPURAM: The Leader of the Opposition in the State Assembly, Mr V.S. Achuthanandan has called on the management of State Bank of Travancore (SBT) to desist from pressing with internal reforms that are `retrograde' in nature. ... More

CREDIT MARKET

Bank credit rises by Rs 17,993 cr
GROSS bank credit increased by Rs 17,993 crore for the fortnight ended February 3, 2006 to touch Rs 13,82,501 crore, according to the Reserve Bank of India's Weekly Statistical Supplement. This is inclusive of food credit which increased by Rs ... More

INTERVIEW

`Market can absorb home loan rate hikes' — More disbursals by lenders; more younger borrowers
LIC Housing Finance's decision to step up interest rates will enable it to stay in tune with the rest of the market, according to Mr S.K. Mitter, CEO. In an interview to Business Line, he also spoke on various other trends such as the use ... More

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