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PUBLIC SECTOR BANKS
PNB to expand base via financial inclusion
Launches pilot project in Rajasthan village More

Corporation Bank’s festival offers
Corporation Bank will offer concessions on fresh home and vehicle loans during the festival season. A bank release said here on Thursday that Corporation Bank is offering a festival bonanza on ‘CorpHome’ and ‘CorpMobile’ ... More

FOREIGN BANKS
Credit Suisse to expand Centre of Excellence in Pune
More

INTEREST RATES
Rate hikes slowed down auto industry: Tata Motors
Tata Motors said that it was a conscious attempt by the Government to raise interest rates that has led to the slowdown of the automobile industry. And even with the festive season around the corner, car makers would not be able to meet the ... More

GOVT BONDS
Excess liquidity: RBI’s daily mop-up crosses Rs 50,000 cr
Market Stabilisation Scheme limit hiked to Rs 2-lakh cr More

Bond prices fall 12 paise
Bond prices fell by 12 paise and the yields hardened by two basis points on Thursday. “The market was stable in the morning session on the back of comfortable liquidity, the prices, however, fell by15-20 paise later in the day on ... More

CORPORATE BONDS
BoI to raise Rs 155 crore
Mumbai, Oct. 4 Bank of India is planning to raise Rs 155 crore through an issue of Innovative Perpetual Debt Instrument (IPDI) Bond Series III. The issue opened on October 3 and will remain open till October 15, said a release from the ... More

NON-PERFORMING ASSETS
RBI fiat on NPA sale
Mumbai, Oct. 4 Banks should not sell their Non-Performing Assets (NPAs) at a price lower than the net present value arrived in a manner mentioned by the Reserve Bank of India, said a notification from the apex bank. “It has come ... More

CREDIT MARKET
Bankers discuss slow credit offtake with RBI
Mumbai, Oct. 4 The slowdown in credit growth and the impact of the recent global events on India were the points of discussion at the bankers’ meeting with the RBI Governor on Thursday, according to Mr O.P. Bhatt, Chairman, State Bank of ... More

FIXED DEPOSITS
Kerala bank deposit base grows by Rs 879 cr in Q1
Thiruvananthapuram, Oct. 4 The deposit base of commercial banks in Kerala has grown by Rs 879 crore to reach Rs 92,576 crore in the first quarter of the current fiscal.However, this was lower than the Rs 1,999-crore growth recorded in ... More

EVENTS
Chidambaram to review economic scenario
New Delhi, Oct 4 The Finance Minister, Mr P. Chidambaram, will chair a meeting of representatives of industrial houses and lending institutions including commercial banks here on Friday. The meeting is expected to review the performance ... More

OUTLOOK
‘Securitisation market has good growth potential’
Basel II compulsions, pension funds to be catalysts: Experts More

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