The Hindu Business Line : Wednesday, October 29, 2008

MONEY & BANKING

FINANCIAL MARKETS: Credit crunch not coming from banking system
Liquidity squeeze due to choking of funds from outside the domestic banking system. New Delhi, Oct. 28 For all the talk of liquidity squeeze and credit seizures, here is an interesting ...

OUTLOOK: SBI expects interest rates to soften
No change in lending, deposit rates for now: Bhatt. New Delhi, Oct. 28 State Bank of India expects interest rates to soften in the coming months. “Interest rates have peaked. You could see some moderation in the coming months,” the ...

FINANCIAL PERFORMANCE: ICICI Bank net flat on sluggish credit growth
Mumbai, Oct. 28 ICICI Bank reported flat growth of 1.1 per cent in net profit at Rs 1,014 crore for the quarter ended September 30, 2008, against Rs 1,003 crore last year due to lower non-interest income and sluggish growth in ...

OUTLOOK: Bankers hope to see rise in gold coin sales
Kolkata, Oct. 28 The sale of gold coins by banks might experience a quantum jump this year given the uncertainty in domestic stock markets, according to senior bank officials. Banks have already witnessed a significant rise in demand for ...

INTEREST RATES: CII for cut in interest rates, focus on growth
Seeks 50 bps cut in repo rate, 150 bps in CRR. New Delhi, Oct. 28 A day after the Reserve Bank of India (RBI) announced its Mid Term Review of the Monetary Policy, Confederation of Indian Industries has come out with a set of recommendations, ...

LIFE INSURANCE: HDFC Standard takes musical route to branding
Chennai, Oct. 28 In an effort to break clutter as well as reinforce its ‘Sar Utha Ke Jiyo’ positioning, HDFC Standard Life (HDFC SL) has launched a music video promoting and propagating the values of ...

TRENDS: Sikkim taking banking to every household
Gangtok, Oct. 28 Sikkim Government has initiated preliminary steps to achieve “total financial inclusion” in the State, where each household will have bank access at its doorsteps with a health insurance ...

FINANCIAL MARKETS: A crisis on all streets
It is a well-known fact that the Bretton Woods arrangement, which led to the establishment of the International Monetary Fund in 1945, has turned out to be inadequate to meet the requirements of regulation of the present-day international ...

CONSUMER FINANCE: Hero Honda, Andhra Bank tie up for bike loans
Two-wheeler maker Hero Honda Motors has entered into an agreement with Andhra Bank to offer financing support for buyers of ...

FINANCIAL PERFORMANCE: Sundaram Finance Q2 net down 11%
Chennai, Oct. 28 Despite the Rs 4-crore increase in ‘other income’, Sundaram Finance has reported a 11-per cent drop in its net profit for the July-September quarter of the current ...

FINANCIAL PERFORMANCE: KVB Q2 net rises 43%
Coimbatore, Oct. 28 Karur Vysya Bank’s net rose 43.35 per cent to Rs 62.23 crore during the second quarter of this fiscal, against Rs 43.41 crore achieved during the corresponding quarter of the ...

INTEREST RATES: Chamber seeks reduction in interest rates
The Associated Chamber of Commerce and Industry (Assocham) has demanded a reduction in interest rates to an extent of 3 per ...

FINANCIAL MARKETS: Socialism to save capitalism!
It is the biggest and worst crisis since the Great Depression, comparable to the sudden collapse of the Soviet Union. Has the world ...

FINANCIAL PERFORMANCE: The ‘rolling’ has begun!
Chennai, Oct. 28 Some quarters ago, it seemed that ICICI Bank was on a roll and would soon overtake rival State Bank of India in profit ...