The Hindu Business Line : Tuesday, December 16, 2008

MONEY & BANKING

PUBLIC SECTOR BANKS: Public sector banks cut rates on new home loans
Margin amount reduced; aim is to stimulate economy: SBI chief. Public sector banks have brought cheer to small home loan seekers by cutting rates on Monday under a new package aimed at stimulating demand in the retail housing ...

BUSINESS MODELS: Housing finance cos may revisit business model
Special rates package by PSBs poses challenge. Mumbai, Dec. 15 The move by public sector banks to offer lower interest rates on small value housing loans could pose a business challenge to housing finance companies in the short ...

HOUSING FINANCE: Small and medium units get special package from PSBs
Industry representatives sceptical. Mumbai, Dec 15 Micro, Small and Medium Enterprises (MSMEs), buffeted by the global and domestic economic turmoil, may have something to cheer about following the package announced by the public sector ...

NBFCS: Nagarjuna Fertiliser chief held
The Chairman of Nagarjuna Group, Mr K.S. Raju, was today detained for questioning in the long-pending cases pertaining to Nagarjuna Finance Ltd (NFL), according to police. NFL, which was part of the Nagarjuna Group, had allegedly defaulted ...

PUBLIC SECTOR BANKS: Union Bank counter is now branch
Union Bank of India upgraded its extension counter in Dr V.S. Krishna Government College here into a full-fledged, fully computerised branch and it was inaugurated on Monday by the College Principal, Mr E. Sasibhushana Rao. Mr M.C. Joshi, ...

LIFE INSURANCE: ICICI Pru Life in pact
ICICI Prudential Life Insurance has tied up with American Express Banking Corp to offer its insurance products to the customers of the bank. The partnership has been established under the referral agency model for a period of three years, a ...

NBFCS: Shriram Transport Finance rides on demand for old trucks in 2009
Model of financing second-hand truck purchases ‘will help’. Mumbai, Dec. 15 Shriram Transport Finance Company Ltd (STFC), widely considered as a benchmark in the financing of second-hand commercial vehicles, expects monthly loan ...

HOUSING FINANCE: Home loan package: Most realtors disappointed
New Delhi, Dec. 15 The home loan package announced by public sector banks on Monday left the real estate industry a tad disappointed, as most realtors had expected steeper interest ...

LIFE INSURANCE: Aviva sees big growth upside here
New Delhi, Dec. 15 British insurer Aviva Plc said on Monday that it was ready to raise its 26 per cent holding in the Indian life insurance joint venture, Aviva Life Insurance Company India Ltd, once the Government rules ...

LIFE INSURANCE: Metlife may re-launch traditional products
New Delhi, Dec. 15 Metlife India Insurance Co Ltd plans to re-launch some of its traditional products as part of its attempts to further strengthen its product portfolio in the wake of sluggish demand for linked products in the ...

CORPORATE BONDS: Corp Bank raises Rs 300 cr
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PUBLIC SECTOR BANKS: PNB opens 133rd branch in Kerala
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HOUSING FINANCE: New housing package: Limited benefit for listed realty players
Lot of current projects above Rs 30 lakh. The new housing package announced by the Indian Banks’ Association comes as a significant incentive for home buyers willing to buy properties in suburban areas and tier-III ...

CO-OPERATIVES: Rajasthan bank partners IBM
IBM has signed a five-year IT outsourcing agreement with Madhav Nagrik Sahakari Bank, a Rajasthan-based cooperative bank. IBM will host and manage the IT infrastructure for the Sirohi-headquartered bank, helping it to focus on expansion plans ...