MONEY & BANKING
OVERSEAS BORROWINGS
REC defers ECB plan, to tap domestic market
Confident of meeting lending commitments for this year
More
FINANCIAL SERVICES
Nucleus Software to sell its 25% stake in GMAC Finanical
New Delhi, Oct. 10 Software products company Nucleus Software on Wednesday decided to sell its 25.1 per cent holding in GMAC Financial Services India Ltd, to GMAC, at a price to be worked out on the basis of fair market value.“The ...
More
INSIGHT
RBI needs to strengthen contingency reserves
As a consequence of globalisation and integration of domestic financial markets with the foreign markets it is of great importance to have a strong contingency reserve position to meet several market risks emerging from domestic and international fi nancial exposures.
More
FOREX
Forward contracts norms relaxed
Mumbai, Oct. 10 Resident individuals can now book forward contracts based on self-declaration, without producing underlying documents up to a limit of $1,00,000. A recent notification from the Reserve Bank of India said, “In order ...
More
Rupee gains
The rupee gained against the dollar on Wednesday as it continued to follow the stock market’s upward movement. Though dollar inflows were heavy, they were absorbed during the day as there was good dollar support from the central bank, said ...
More
FINANCIAL PERFORMANCE
Interest income boosts South Indian net 90%
Kochi, Oct. 10 The net profit of South Indian Bank dropped 14% in the second quarter of this fiscal ended September 30. However if the extraordinary gains made in the corresponding quarter of the previous year are removed, then the profit has ...
More
HOUSING FINANCE
LIC Housing Fin eyes 25% credit growth
To raise Rs 6,200 cr thru bond issuance
More
HUMAN RESOURCES
IFBI, HDFC Bank in alliance
The Institute of Finance, Banking and Insurance (IFBI) and HDFC Bank have entered into a partnership to develop and train students take up banking jobs. Selected students of IFBI would join HDFC Bank as trainees after immediately upon completion ...
More
INTEREST RATES
Festival offer: SBI drops rates on home, other retail loans
Offers 50% concession in processing charges on all personal loans
More
Top PSBs in South may not cut rates
Chennai, Oct. 10 Banks down south aren’t going to follow big brother SBI in cutting home loan or car loan rates just now. Top bank officials said that their rates were already lower. Mr. M.B.N.Rao, Chairman and Managing Director, ...
More
SBI rate cuts no surprise: Fitch
Thiruvananthapuram, Oct. 10 The rate cuts announced by State Bank of India do not surprise given the context in which the enabling decision has been taken, says Mr Ananda Bhoumik, Senior Director, Fitch Ratings, India. While it is safe ...
More
SBBJ cuts rates
New Delhi, Oct 10 State Bank of Bikaner & Jaipur (SBBJ) has announced concessional interest rates on various products during the festival bonanza period, starting from October 10 to November 30.The bank has announced a 50 basis ...
More
CREDIT MARKET
SBP offers education loans online
State Bank of Patiala (SBP) has started offering online education loans facility under the SBP-Gyan Jyoti Scheme. The applicant (student, parent/guardian) can now apply online for education loans on a link provided in bank’s website. A ...
More
MORTGAGE
SBI to offer reverse mortgage loan
Launch on Friday; 60+ are eligible
More
CO-OPERATIVES
‘Co-op credit revival package by Nov-end’
Overall cost pegged at Rs 4,850 cr
More
Agrasen co-op bank plans expansion
Hyderabad, Oct. 10 The Agrasen Co-operative Urban Bank Ltd, the city-based bank with deposits of Rs 59 crore, is opening its second branch in Malakpet. The expansion, nearly 10 years after the launch of the bank, will continue in the ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds