Business Daily from THE HINDU group of publications
Monday, August 25, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Monday, August 25, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING VENTURE CAPITAL: Banks entering private equity space to increase fee income See opportunities in using capital market expertise, existing network. Mumbai, Aug. 24 An increasing number of banks are floating private equity (PE) funds in order to add to their non-interest income. This gives them the opportunity to ... DEBT MARKET: Bond yields stable amid tight liquidity, rising oil prices Players await Govt signals on big ticket IPOs. Bangalore, Aug. 24 Bond yields remained stable in nervous trading amid tightening liquidity and advancing international oil ... INTEREST RATES: ‘Rising interest rate a dampener’ Kolkata-based SREI Equipment Finance Pvt Ltd said rising interest rates and high inflation has dampened the demand for construction and infrastructure development equipments. In the last two months, there has been a reduction in purchase of these ... FINANCIAL MARKETS: ‘Budget deficit starving pvt sector of resources’ Chennai, Aug. 24 The Government is impounding about 48 per cent of the funds of the public sector banks – over Rs 150,000 crore – to finance the budget deficit “thereby starving the private sector of resources”, said Dr ... NEW PRODUCTS & SERVICES: SBI launches first biometric ATM The Chairman of State Bank of India, Mr O.P. Bhatt, has inaugurated the first biometric ATM of the group in the country at Munnar in ... ACCOUNTING STANDARDS: ‘Convergence with IFRS may impact banks’ financial performance’ Hyderabad, Aug. 24 The financial impact of convergence with IFRS (International Finance Reporting System) will be significant for banks in India, particularly in areas relating to loan loss provisioning, financial instruments and derivative ... CO-OPERATIVES: Co-operative staff body hails Govt order Coimbatore, Aug. 24 The Tamil Nadu Cooperative Bank Employees Association has hailed the Government’s order providing “regular time scale of pay” on irregular appointees in co-operative institutions, including co-operative ... BOOKS: An insight into complexities in core banking, audit functions Tall chairs, people precariously perched on them, perusing ledgers almost half their weight; stoic manual operations; cheerful long night hours to balance the day book; great calligraphy of ledger keepers, their fingers skimming over several ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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