Business Daily from THE HINDU group of publications
Friday, July 03, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, July 03, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING CREDIT MARKET: PSBs trim exposure to commercial realty Rising loan defaults turn banks cautious. Bangalore, July 2 Faced with mounting delinquency in the commercial real estate sector, public sector banks have pruned exposures to commercial realty to 10 per cent of ... DEBT MARKET: Survey moots tax sops for long-term debt market New Delhi, July 2 Signalling the Government’s commitment to develop long-term debt markets in the country, the Economic Survey 2008-09 has called for tax incentives to build-up such ... HOUSING FINANCE: LIC Housing Fin’s new scheme LIC Housing Finance has introduced a new scheme — Fix-o-Floaty — for its borrowers which provides for protection against interest rate movement.Under the scheme, the borrowers can pay a fixed interest rate of 8.9 per cent for loans up ... FOREX: Rupee weakens on dollar buying The rupee closed marginally lower due to importer buying. The dollar inflows were low and put pressure on the rupee, said a forex dealer with a private bank. The domestic currency opened higher at 47.76 and closed at 47.95, against ... SHORT TERM INSTRUMENTS: Call rates steady Call rates closed at 3.20-3.30 per cent, as against the previous close of 3.25-3.30 per cent. Under the Liquidity Adjustment Facility conducted by the Reserve Bank of India, there were no bids in the one-day repo auction. In the reverse ... PRIVATE BANKS: YES Bank to raise $200-m equity Mumbai, July 2 YES Bank is looking to raise $200-million Tier-I equity capital either through a follow-on public issue or through a qualified institutional placement. The bank is also looking to raise Rs 500 crore through hybrid Tier-I bonds ... CREDIT MARKET: Lenders clear Maytas Infra’s CDR plan Hyderabad, July 2 A consortium of lenders including ICICI Bank, SBI and IDBI today cleared a corporate debt restructure (CDR) package for Maytas Infra which includes immediate release of working capital, loan guarantees and ... REGIONAL RURAL BANKS: Karnataka Grameen bank to add 15 branches Mangalore, July 2 The Dharwad-headquartered Karnataka Vikas Grameen Bank (KVGB) — a regional rural bank sponsored by Syndicate Bank — plans to add 15 branches during the current financial year, according to Mr K.P. ... ECONOMIC SURVEY: RBI chief laments unreliable, delayed job data Mumbai, July 2 The Reserve Bank of India Governor, Dr D. Subbarao, has stressed the need for reliable nation-wide statistics on employment to help improve the formulation of ... GOVT BONDS: G-Sec market turnover up Mumbai, July 2 The government securities (G-Sec) market turned bullish on Thursday on hopes that the government would restrict its borrowing programme to Rs 3.62 lakh crore, the figure which was announced in the interim ... CONSUMER FINANCE: Tie-up for vehicle finance Mumbai: Mahindra Navistar Automotives Ltd, the commercial vehicle joint venture between M&M and Navistar Inc of US, has signed a memorandum of understanding with Bank of India for vehicle finance. — ... FINANCIAL INSTITUTIONS: Bajaj Allianz invests in SKS Microfin Life and general insurer Bajaj Allianz has invested Rs 50 crore ($10 million) in Hyderabad-based SKS Microfinance. “Investment from a leading private insurer gives SKS greater stability and credibility, as well as a stronger capital base ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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