Business Daily from THE HINDU group of publications
Monday, November 02, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, November 02, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING MONETARY POLICY: New provision cover norms to cost banks dear Listed Indian banks may have to shell out more than Rs 11,000 crore in the next ... DEBT MARKET: Bond yields retreat on low credit off-take RBI interventions likely to support Govt borrowings. Bangalore, Nov. 1 Bond yields retreated as credit off-take remained low and foreign inflows gathered pace ahead of ... NEW PRODUCTS & SERVICES: Karnataka Bank unveils new products Karnataka Bank Ltd has launched new savings account products with new features. A bank release said here on Saturday that these products are tailored to meet the needs of the various segments of society. The bank’s ‘KBL ... INVESTOR PROTECTION: RBI fiat on operative accounts Banks should treat accounts as operative accounts in cases where the customer has asked the bank to credit interest on fixed deposit accounts to the savings bank account. The Reserve Bank of India, in a notification, has clarified that ... INTERVIEW: We are very optimistic about our future here: Citi ‘We would look very favourably into opening more branches’. New Delhi, Nov. 1 Highlighting that Citibank has been in India for 107 years and is one of the oldest banks in the country, Mr Mark T. Robinson, Chief Executive Officer, ... REGULATORY BODIES & RULINGS: IRDA to check for policies linked to illegal entities Hyderabad, Nov. 1 The Insurance Regulatory and Development Authority will appoint a nodal officer for implementing provisions pertaining to the sector in the Government of India order on Unlawful Activities Prevention ... FINANCIAL PERFORMANCE: Federal Bank H1 net profit rises 30% Kochi, Nov. 1 Federal Bank registered a 30 per cent increase in net profit from Rs 182 crore to Rs 237 crore during the first half of this ... RBI & OTHER CENTRAL BANKS: Banks told to open no-frill accounts for flood-affected The Regional Director of Reserve Bank of India, Mr B. Shrinivas, has asked the banks to open no-frill accounts for the flood affected people so that relief amount can be passed on to them ... FINANCIAL PERFORMANCE: Bank of Maharashtra Q2 net up 23% Bank of Maharashtra’s net profit rose 23 per cent to Rs 87 crore in the second quarter of this fiscal, aided by a growth in its other income. The bank had reported a profit of Rs 71 crore in the corresponding quarter ... FIXED DEPOSITS: SBT trims NRE deposit rates Thiruvananthapuram, Nov. 1 State Bank of Travancore (SBT) has revised interest rates for NRE (Non-Resident External) deposits with effect from November ... INTEREST RATES: Bond prices vs interest rates I am unable to understand the inverse relationship that exists between bond prices and interest rates. Please ... FINANCIAL SERVICES: Muthoot cuts interest on gold loan ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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