Business Daily from THE HINDU group of publications
Sunday, November 09, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, November 09, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING CREDIT MARKET: Infrastructure cos fear project delays Availability, pricing of credit are major concerns now. Chennai, Nov. 8 Till a few months back, players in the infrastructure sector were buoyant. The market was large and there were plenty of projects coming up. What they felt would be the ... STOCKS: Banking on inherent resilience Having outperformed the Sensex , from 2002-2007, the BSE Bankex, which represents the leading listed banks, has barely kept pace with it over the past year. A steep increase in interest rates, tightening liquidity, higher reserve ratios, ... TRADE & LABOUR UNIONS: Bank wage talks to resume Mumbai, Nov. 8 The Indian Banks Association, the apex body of 150 banks in India, will resume next month the ninth bipartite negotiations with the United Forum of Bank Unions, the umbrella organisation of nine bank trade unions, on ... RBI & OTHER CENTRAL BANKS: Confidence-building across the globe Much has been written about the US sub-prime crisis, the failure of big investment banks and how that led to a tightening of liquidity and credit in the global banking system.But what are governments and the central banks doing to address ... STOCKS: The long-term outlook for bank stocks Despite concerns about tight liquidity at present, credit growth for Indian banks is likely to remain quite strong over the next few years, helped by corporate demand for credit. To cite an example, infrastructure spending in the Eleventh ... HOUSING FINANCE: Canara Bank cuts housing loan rates Canara Bank has announced it has reduced the interest rates on housing loans by 75 basis points, sanctioned and disbursed on or after November 10 for loans up to Rs 30 lakh. A bank release said floating rates of loans up to Rs 30 lakh will carry ... INTEREST RATES: SBH cuts lending rate by 75 bps State Bank of Hyderabad has reduced Benchmark Prime Lending Rate to 13.75 per cent from existing 14.50 per cent, reducing it by 75 basis points. The new rate would come into effect from November 10, according to a release. ... FINANCIAL POLICY: Prime lending rate Text-books define PLR or prime lending rate as the rate of interest at which banks lend to their credit-worthy or favoured customers. It is treated as a benchmark rate for most retail and term ... FINANCIAL PERFORMANCE: Depreciation moderates Lakshmi Vilas Bank’s profit growth Chennai, Nov. 8 But for a Rs 14-crore depreciation because of the diminution in market value of investments that Lakshmi Vilas Bank had to incur, the bank would have posted a much higher net profit than Rs 6.92 crore it recorded for the ... FOREX: Bankers welcome move to provide forex liquidity Mumbai, Nov. 8 The country’s top bankers on Saturday welcomed the Reserve Bank of India’s move to provide forex liquidity to banks that are facing liquidity crunch following the drying up of lines of ... GENERAL INSURANCE: ‘Uninsured individual a community health concern’ Bangalore, Nov. 8 A cross section of leaders from corporates and institutions reflected their consensus on the need for quality practices as the key for improving the competitiveness of India Inc on the concluding day of the three-day ... INTEREST RATES: Relief for borrowers post rate cuts The repo rate, the rate at which banks borrow from the RBI, has often been used as the signalling rate for short-term changes in interest rates. After a series of hikes in the repo rate, the RBI cut it by 100 basis points (bps) to 8 per cent ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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