Business Daily from THE HINDU group of publications
Monday, February 02, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, February 02, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INTEREST RATES: Cos yet to benefit from rate cuts Firms see interest cost spike in Dec quarter. The aggressive interest rate cuts unleashed by the RBI since October are yet to bring down interest costs for India Inc. Total interest costs for leading Indian companies increased 90 per cent in the ... RBI & OTHER CENTRAL BANKS: Govt-RBI assessment says financial system essentially sound, resilient New Delhi, Feb. 1 In what will be widely seen as a riposte to previous reports on the subject, the Government and the Reserve Bank of India will come out with their plan for financial sector development and reform in a couple of weeks from ... DEBT MARKET: Bonds firm on increased Govt borrowings; outlook positive More policy interventions in the pipeline, say traders. Bangalore, Feb. 1 Bonds firmed last week on the back of increased Government borrowings and the Reserve Bank of India calibration of liquidity expansion in the ... TRADE & LABOUR UNIONS: Insurance staff protest The All India Insurance Employees Association of India organised a convention here on Staurday to protest the tabling of the LIC (Amendment) Bill and the Insurance Laws (Amendment) Bill proposing the hike in FDI in the insurance sector to 49 ... PUBLIC SECTOR BANKS: Union Bank to expand presence in Kerala Thiruvananthapuram, Feb. 1 Union Bank of India, as part of its ‘aggressive’ growth plans to emerge as one of the top-ranking banks in the country, is opening 30 more branches in Kerala during the current ... RBI & OTHER CENTRAL BANKS: Payment dues to small units: Banks not adhering to RBI guideline Chennai, Feb.1 At a time when small-scale units are suffering as much from the delayed payment of their dues, if not more, from the economic slowdown, what is being heard in conference halls frequently is a guideline of the Reserve Bank of ... PUBLIC SECTOR BANKS: Finance Minister to discuss realty sector woes with PSB chiefs New Delhi, Feb. 1 Restructuring of stressed real estate and MSME accounts is to form part of the discussions at the meeting of the Finance Minister, Mr Pranab Mukherjee, with chief executives of public sector banks (PSBs) here ... FINANCIAL MARKETS: Reports lists reasons for not urging separation of debt management New Delhi, Feb. 1 The Report of the Committee on Financial Sector Assessment has cited as reasons the higher fiscal deficit, the conflict of interest in Government managing its own debt, its ownership of the biggest buyers of such debt, ... PUBLIC SECTOR BANKS: ‘PSBs have outperformed private banks’ New Delhi, Feb. 1 Public sector banks (PSBs) maintained their supremacy over private banks in recent times despite pressures of global meltdown. Not only have they succeeded in lowering lending rates with maintaining record growth of net ... FINANCIAL MARKETS: Asset price stabilisation first priority With interest rates already at near zero, the usual suspense ahead of the Federal Open Market Committee’s bi-monthly meeting was absent. But, as always, the post-meeting statement did engage the attention ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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