MONEY & BANKING
FOREX
China deal with Morgan Stanley
While the success of such deals as the China Investment Corporation’s stake acquisition in Morgan Stanley can only be determined over time, the way in which the Chinese are utilising American-trained financial expertise to turn the tables on th e US’ distressed giants is an object lesson to India’s political bureaucracy, points out S. VENKITARAMANAN.
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INDUSTRY ASSOCIATIONS
Banks pushing for benchmark rate for term loans, deposits
IBA panel to submit proposals to Reserve Bank of India shortly
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FINANCIAL POLICY
Cos may get to fund buys abroad with shares of subsidiaries
Law Ministry vetting norms on foreign currency exchangeable bonds
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PRIVATE BANKS
Karnataka Bank’s 413th branch
The Karnataka Bank Ltd opened its 413th branch at Marathahalli in Bangalore on Saturday. A bank release said here that all 413 branches of the bank are brought under core banking solution. The number of branches will be increased to 430 by the ...
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PUBLIC SECTOR BANKS
Chidambaram to meet chief executives of PSBs on Jan 4
New Delhi, Dec. 30 The Finance Minister, Mr P. Chidambaram, is slated to meet chief executives of public sector banks here on January 4. Indications are that the Finance Minister would review the financial performance of PSBs up to ...
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GOVT BONDS
Bonds soften further on foreign capital inflows
Yield spreads narrow due to rush for long-term securities
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CREDIT MARKET
Recovery agents: Guidelines may open a Pandora’s Box
It may impinge on the autonomy of banks or inhibit their efforts
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