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MONEY & BANKING
CREDIT RATING:
Moody’s puts 13 Indian banks on rating watch
Reviewing systemic support indicators for banking system. Mumbai, May 29 Moody’s Investors Service on Friday placed the ratings of 13 Indian commercial banks, including State Bank of India and ICICI Bank, on review for possible downgrade ...
SHORT TERM INSTRUMENTS:
Certificate of deposit rates of private, foreign banks harden
Rise to commercial paper levels on high risk perception. Bangalore, May 29 With bulk investors exerting pressure on short-term debt papers, yields on certificates of deposits and commercial papers are beginning ...
RBI & OTHER CENTRAL BANKS:
52% of no-frill accounts active in Karnataka
RBI asks banks to restructure SME debts. Bangalore, May 29 Karnataka has operationalised 52 per cent of the no-frill accounts opened under the financial ...
INTEREST RATES:
SBI Chairman sees softening bias in interest rates
Banking behemoth State Bank of India sees a “softening bias” in interest rates in the coming weeks even as it plans to take a call on fresh cuts in lending rates only after the June 10 bankers’ meeting with the Finance ...
FINANCIAL PERFORMANCE:
Sundaram Finance posts Rs 150-cr net; to pay 25% final
Chennai, May 29 Sundaram Finance Ltd has reported a net profit of Rs 150.73 crore for 2008-09 compared with Rs 212.54 crore for the previous year. However, the net profit for the previous year included a one-time profit of Rs ...
PUBLIC SECTOR BANKS:
Dividend cheque
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FOREX:
Forex reserves rise $6.432 b
Mumbai, May 29 The country’s foreign exchange reserves increased by $6.432 billion for the week ended May 22 to $260.639 billion, according to the Reserve Bank of India’s Weekly ...
CREDIT MARKET:
PNB to lend more to SMEs
New Delhi, May 29 Punjab National Bank on Friday said it expected to increase disbursements for the small and medium enterprises to about 25 per cent of its overall ...
FOREX:
Rupee gains 50 paise
...
LIFE INSURANCE:
Pvt life insurers can pay bonus for 3 more years
Hyderabad, May 29 The Insurance Regulatory and Development Authority has decided to allow the life insurers in the private sector to declare bonus to policyholders where the Life Fund is in deficit for a further period of three ...
EVENTS:
RBI holds talks with Finance Secys
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ESOPS:
Dhanalakshmi Bank plans ESOP
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PEOPLE:
New GMs of Corporation Bank
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EVENTS:
Bankers' meet in Mangalore
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