Fed pause in the offing?
As usual, Mr Ben Bernanke's Congressional testimony a couple of weeks back evoked market-wide attention. He suggested there could be a pause in the relentless increase in the Fed's interest rate. The fallout was immediate. Bond yields dropped ...
More
PRIVATE BANKS
KMB equity arm invests Rs 30 cr in buy-out deal
Kotak Mahindra Bank's private equity arm has invested Rs 30 crore in a buy-out deal in the power and control engineering products and solutions space. This is its sixth investment out of its $160-million India Growth Fund. This deal entails ...
More
PUBLIC SECTOR BANKS
Bank of India eyes Rs 2,500-cr biz in Kerala
Bank of India, in its centenary year, is planning to achieve a business level of Rs 2,500 crore in Kerala from the present Rs 1,700 crore. Addressing a press conference here on Tuesday, Mr Babu V. Mathew, Zonal Manager, said that plans were ...
More
LIC, SBI, Goldman Sachs hike stake in Reliance Petro
Life Insurance Corporation of India (LIC), Goldman Sachs and State Bank of India (SBI), which have taken equity stakes in Reliance Petroleum Ltd (RPL) through the pre-IPO placement, have hiked their stakes in the Mukesh Ambani Group company by ...
More
INTEREST RATES
Vijaya Bank hikes PLR to 11.25 pc
Vijaya Bank has its benchmark prime lending rate (BPLR) hiked by 25 basis points in line with industry trend. The new BPLR of 11.25 per cent takes effect from May 10, according to a bank release. The hike would also lead to an increase in loan ...
More
RSS Feeds