Business Daily from THE HINDU group of publications
Thursday, November 26, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, November 26, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING NON-PERFORMING ASSETS: Banks may get more time for NPA provisioning Will need Rs 1.3-lakh cr more by Sept 2010 to meet higher coverage norm: Crisil. The Reserve Bank of India may give banks a breather by extending the deadline for increasing the provision coverage for non-performing assets (NPAs) to 70 per cent ... CREDIT MARKET: Asset-liability mismatch, a hitch in core sector lending: Subbarao Banks must hone their skills in appraisal, risk management. Mumbai, Nov. 25 The asset-liability mismatch is a problem with bank financing to the infrastructure sector. Such loans typically require long-term funding, and deposits of banks are ... TRENDS: ‘Outdated’ cheques delay vendor payments! Banks not accepting non-MICR instruments from Govt departments. Coimbatore, Nov. 25 When you deposit a cheque that you have received, especially from a Government department, you expect that the fund will come to your account ... NON-PERFORMING ASSETS: BoM aims to cut down bad debts Bank of Maharashtra (BoM) is targeting cutting down its non-performing assets by 25 per cent by March 2010 and is establishing five asset recovery branches (ARB) across the country dedicated to the task of recoveries. This is one of the ... CREDIT RATING: Dhanalakshmi Bank ties up with Crisil for SME rating Kochi, Nov. 25 Dhanalakshmi Bank has announced its tie-up with CRISIL, India’s premier rating agency, to introduce CRISIL SSI/SME rating for over 500 of its small and medium enterprise (SME) ... GENERAL INSURANCE: Cashless hospitalisation schemes come under tax net New Delhi, Nov. 25 Cashless hospitalisation schemes offered by health insurers and insurance companies are under the income-tax ... CREDIT MARKET: Bengal to get Rs 160 cr from Nabard Kolkata, Nov. 25 The National Bank for Agriculture and Rural Development (Nabard) has sanctioned about Rs 160 crore under the Rural Infrastructure Development Fund (RIDF) XV to the State Government, according to a ... GENERAL INSURANCE: Apollo DKV to tap parent co’s hospitals, pharma chain Apollo DKV Health Insurance will leverage the Apollo Hospitals and pharmaceutical chain and add 2,000 agents by April 2010. The standalone health insurance company, in its first year of operations, has clocked a premium of Rs ... PRIVATE BANKS: No need for fresh capital to fund buys: IDBI Bank IDBI Bank has identified two domestic banks as potential acquisition targets, said Mr Yogesh Agarwal, Chairman and Managing Director, IDBI ... AWARDS & HONOURS: Award for bank Coimbatore: Lakshmi Villas Bank has been awarded the ‘Diamond Award’ for the most innovative use of technology by Hitachi Data Systems – a wholly owned subsidiary of Hitachi Ltd at Kota Kinabalu, Malaysia. ... CORPORATE BONDS: Allahabad Bank plans Rs 500-cr bond offering Kolkata: To fund its projected growth and shore up its capital adequacy ratio, Allahabad Bank plans to come out shortly with Upper Tier-II bonds (Series II) amounting to Rs 500 crore, with a coupon rate of 8.58 per cent a year ... GOVT BONDS: Correction In the story ‘Banks turn to G-Secs as foreign capital inflows surge’ (Business Line, Nov 25), the figure on Participatory Notes of Rs 1.25 lakh crore ($27 billion) is a cumulative figure till October end and not inflows in ... PUBLIC SECTOR BANKS: PNB joint venture in Bhutan Punjab National Bank’s joint venture bank in Bhutan is set to become operational on January 21, 2010. Mr K.R. Kamath, Chairman and Managing Director of the bank, said PNB will hold 51 per cent stake in the venture, while Sanghi Wangchuk, ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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