Business Daily from THE HINDU group of publications
Wednesday, August 20, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, August 20, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING NON-PERFORMING ASSETS: Arcil forays into retail NPA business Mumbai, Aug. 19 Asset Reconstruction Company (India) Ltd (Arcil), the leading collector of distressed assets in the country, has started buying non-performing retail loans,including home ... TECHNICAL ANALYSIS: Technical Analysis: Rupee nears the 44 mark The $5.5 billion decline in the foreign exchange reserves for the week ended August 8 appears to have jolted the Reserve Bank of India in to inaction. To put this figure in perspective, the decrease in forex reserves since April 1 this year is ... MONETARY POLICY: Inflation or terms of trade adjustment? It is always and only a monetary phenomenon, say economists of conservative and monetary hues about inflation. Their policy prescription is simple. Keep increasing interest rates and constricting liquidity till inflation starts ... CREDIT MARKET: SBI offers loans for heart patients Tie-up with Narayana Hrudayalaya in Bangalore. There is now a bank loan for poor heart patients. The State Bank of India launched its new loan product, said to be the first of its kind, on a pilot scale on Tuesday. ... INSIGHT: The unfolding economic downturn in US Floundering financial institutions and credit markets, falling stocks, uncontrolled inflation and rising fuel prices have made the life of the common man difficult in the US. Not used to such devastating experience in the recent past, the ... CONSUMER FINANCE: Mahindra Finance to fuel rural ride of GM, Hyundai Mumbai, Aug. 19 Mahindra Finance, the vehicle finance arm of Mahindra Group, has got into an understanding with car makers General Motors and Hyundai to provide finance for their vehicles in the rural and semi-urban markets. ... INTEREST RATES: ‘Interest rates hinge on inflation’ The country’s largest private lender, ICICI Bank today indicated that any respite from hardening interest rates hinged on the policy action that would be undertaken on the inflation front. “Can’t say if interest rates have ... ALLIANCES & JOINT VENTURES: ICICI Bank, US Exim Bank tie up ICICI Bank Ltd has signed an agreement with the Export-Import Bank of the US (Ex-Im Bank) for $250 million to finance the capital goods imports of Indian corporates from that country. The memorandum of understanding is an extension on the Indian ... CRR & BANK RATES: More repo rate hikes likely, says Economist Intelligence Unit New Delhi, Aug 19 Economist Intelligence Unit, a B2B intelligence arm of the Economist Group, expects the Reserve Bank of India (RBI) to hike its repo rate by 50 basis points in the second half of the current fiscal as part of its efforts to ... CO-OPERATIVES: Co-op banks grant Rs 86 cr as farm loans Co-operative banks have extended farm loans to the tune of Rs 86.69 crore to over 47,600 farmers of the composite Perambalur district in the last couple of years. ... FIXED DEPOSITS: Bank of India hikes deposit rates Mumbai, Aug. 19 Bank of India has increased the interest rate on domestic rupee term deposits for various maturity buckets, between 15 and 50 basis points. The revised rates will be applicable only on fresh deposits and on renewal of maturing ... EVENTS: Affordability key challenge in serving the rural populace: Kamath New Delhi, Aug. 19 Citing affordability as the key challenge in serving the bottom of the pyramid, the President of the Confederation of Indian Industry, Mr K.V. Kamath, said, “While technology was improving accessibility to cater to the ...
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