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Friday, May 29, 2009
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MONEY & BANKING

IPR: Bhatt explains why associate banks should pay royalty to SBI
Kolkata, May 28 The associate banks of State Bank of India might have to start paying royalty for using the State Bank logo by the end of ...

CREDIT MARKET: SBI group to step up infrastructure lending
Targets Rs 1 lakh crore this fiscal. Bangalore, May 28 Banking behemoth State Bank of India together with associate banks has targeted infrastructure lending of over Rs 1 lakh crore this ...

HOUSING FINANCE: LIC Housing Fin hits year high on easing liquidity
‘Outlook on mortgage growth as asset quality has improved’. Kolkata, May 28 LIC Housing Finance on Thursday touched its 52-week high at Rs 520.70. It, however, closed at Rs 509.70, marking a 6.5 per cent gain. In the past week, the ...

DISINVESTMENT: Stake dilution in PSBs the way forward: Study
Mumbai, May 28 With the statute not allowing its holding in public sector banks to fall below 51 per cent, the new Government will have to address the issue of capital constraint arising from this limitation so as not to hobble ...

CREDIT MARKET: Credit growth lags deposits: Union Bank
Mumbai, May 28 Union Bank of India saw a 35 per cent year-on-year growth in deposits and a 27 per cent increase in loans, till last week, said Mr M. V. Nair, Chairman and Managing ...

PRIVATE BANKS: Dhanalakshmi Bank to raise Rs 400 cr Tier-II capital
Mumbai, May 28 Thrissur-based Dhanalakshmi Bank is looking to raise Rs 400 crore worth Tier II capital in the next few months, said Mr Amitabh Chaturvedi, Managing Director and CEO of the ...

EVENTS: Pranab to meet chiefs of public sector banks on June 10
New Delhi, May 28 The Finance Minister, Mr Pranab Mukherjee, will meet chief executives of public sector banks here on June ...

INSURANCE: IRDA on corporate governance
...

FINANCIAL PERFORMANCE: KVB net rises 18.8% in Q4
Coimbatore, May 28 Karur Vysya Bank has registered an 18.83 per cent growth in net profit to Rs 83.82 crore for the quarter ended March 2009 against Rs 70.52 crore during the corresponding ...

FINANCIAL MARKETS: India, China better placed in financial stability
Chennai, May 28 Global financial stability has continued to deteriorate significantly this year compared with last year, especially to emerging market risks, excepting India, China and Venezuela, said Dr Krishnan Srinivasan, Advisor, ...

LIFE INSURANCE: AEGON Religare plans expansion
...

PUBLIC SECTOR BANKS: PNB clocks 24% growth in Kerala
Punjab National Bank’s Kerala circle registered 24 per cent growth in business last year. The bank also offered one of the lowest benchmark peak lending rates and retail interest rates in the wake of easing RBI policies, said Mr ...





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Markets (May 28)
Nifty (at close)4,337.10(+60.95)
US Dollar (Buy/Sell)47.60/62
Brent crude (a bbl) Rs2,894
Gold (a gram) Rs1,363
Silver (a kg) Rs24,200

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May. 17-May. 23
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