Business Daily from THE HINDU group of publications
Saturday, November 14, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, November 14, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
MONEY & BANKING MERGERS & ACQUISITIONS: HDFC picks up 41% in Credila Financial Buys out DSP Merrill Lynch stake; entering student loan business. Housing finance major HDFC is entering the education loan business, which the company sees as a high growth ... NBFCS: RBI cautions NBFCs on ‘politically exposed persons’ Mumbai, Nov. 13 The Reserve Bank of India has cautioned non-banking finance companies that in the event of an existing customer or the beneficial owner of an existing account subsequently becoming a politically exposed person (PEP) then ... LIFE INSURANCE: Insurance industry growth likely to slow down: IDBI Fortis CEO But potential in rural, semi-urban areas huge. New Delhi, Nov. 13 Insurance industry in India is expected to grow at about 20 per cent in the next few years, lower than the 35 per cent annual growth of the last five years, said Mr G.V. Nageswara ... FOREX: Rupee up on equity market gains The rupee rallied following the gains in the equity market and huge dollar selling to take advantage of the arbitrage between the spot and the non-deliverable forwards market, said forex dealers. The rupee opened at 46.72 and closed at 46.30, ... GOVT BONDS: Bond prices rise Bond prices gained by around 20 paise after the Reserve Bank of India announced lower yield cut-offs in the auction. The Reserve Bank of India auctioned government securities for Rs 10,000 crore on Friday. The higher prices signal an improvement ... SHORT TERM INSTRUMENTS: Call rate ends a tad lower The inter-bank call rate ended marginally lower at 3.2-3.3 per cent, against the previous close of 3.3-3.4 per cent. Under the liquidity adjustment facility conducted by the Reserve Bank of India, there were no bids in the three-day repo auction. ... PUBLIC SECTOR BANKS: Union Bank to allow cash withdrawals from POS terminals Mumbai, Nov. 13 Customers of Union Bank of India will soon be able to withdraw money from point of sales terminals. The bank is planning to make this facility available to its customers from ... CO-OPERATIVES: State co-op bank plans crackdown on loan defaulters The Kerala State Cooperative Bank (KSCB), the apex cooperative bank, is planning a crackdown on major loan defaulters as part of its drive to bring down the rate of ... HOUSING FINANCE: United Bank to offer home loans at 8% Kolkata, Nov. 13 In a bid to boost demand for home loans and garner a bigger pie of the housing loan portfolio, United Bank of India plans to launch the ‘United Housing Loan ... CO-OPERATIVES: Rs 51-cr Nabard aid to revive rural co-ops in Tripura The National Bank for Agriculture and Rural Development (Nabard) has released Rs 51.35 crore as a part of financial restructuring of rural cooperatives in Tripura under the Union Government’s revival package for Short Term ... CREDIT MARKET: No spike in bank NPAs despite loan recast: RBI Chennai, Nov. 13 Although some rating agencies had forecast that Indian banking industry would have a build-up of bad loans close to six per cent in 2008-09, bad loans were only four per cent of the total advances said, Mr D.P. Rath, ... HOUSING FINANCE: IDBI Bank launches property expo With a view to boosting demand for home loans, IDBI Bank launched ‘IDBI Bank Homes 2009 Property Exhibition’, a three-day exhibition on housing finance, at Netaji Indoor Stadium here on Friday. The exhibition will provide the ... CREDIT CARDS & DEBIT CARDS: SBT foreign travel card State Bank of Travancore has launched ‘Vishwa Yatra Foreign Travel Card’ for Indians travelling abroad. Mr A.K. Jagannathan, Managing Director of the bank, formally launched the product in Thiruvananthapuram by handing over the ... PUBLIC SECTOR BANKS: Canara Bank to expand branch network Bangalore, Nov. 13 Canara Bank plans to open 210 branches across the country by end-2009. With these, the bank hopes to cross the 3,000-branch mark this year. “We have 185 licences for 2009-10 from the Reserve Bank of India, and about ... FOREX: Forex reserves rise $1.02 billion Mumbai, Nov. 13 Foreign exchange reserves increased by $1.023 billion to touch $285.414 billion for the week ended November 6, according to the Reserve Bank of India’s weekly statistical supplement. The rise is on account of the ... PEOPLE: I-T dept summons Union Bank CMD in Koda scam case New Delhi, Nov. 13 The Income-Tax Department in Mumbai has summoned the Union Bank of India Chairman and Managing Director, Mr M.V. Nair, for questioning him on why the bank did not do due diligence while accepting deposits of more than Rs ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
|
The Hindu Group:
Home | About Us | Copyright | Archives | Contacts | Subscription
Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |
RSS Feeds