The Hindu Business Line : Monday, November 07, 2005

New Fed Chairman from February — Daunting task before Bernanke
To succeed the US Fed Chairman, Mr Alan Greenspan, is a challenge, especially when the successor is a comparatively unknown, albeit brilliant, economist. Mr Ben Bernanke has a daunting task ahead of him considering that the Fed is today less in comm and of its economic circumstances than before. But, judging by his stand in his speeches and writings, he may well surprise the world by an innovative and unconventional approach to global economic problems, says S. Venkitaramanan. More

HOUSING FINANCE

SBI Bengal Circle home loans target at Rs 650 cr
STATE Bank of India, Bengal Circle, has set a target of Rs 650 crore of home loans for the current fiscal as compared to Rs 400 crore in 2004-05. "We hope to sanction loans worth about Rs 150 crore in the present fair", said Mr Sumit Ghosh, ... More

DEBT MARKET

Insurers keen on high coupons only
BONDS remained flat last week in the absence of support from insurance companies and mounting concerns over the inflationary impact of high international oil prices. Traders said the hikes in the US Fed rate and the Federal Funds rates had ... More

RBI & OTHER CENTRAL BANKS

World Bank to expand support to SHGs
THE World Bank and the Andhra Pradesh Government on Sunday agreed to expand the scope of the rural empowerment programme for women's self-help groups (SHGs) and allow further lending for greater development. This was a follow-up to a series of ... More

FINANCIAL INSTITUTIONS

Govt to infuse Rs 50 cr in APSFC
THE State Government has decided to infuse Rs 50 crore into the Andhra Pradesh State Financial Corporation (APSFC) during the current fiscal to improve its capital base. Speaking at a seminar on small and medium enterprises, the State Industry ... More

CREDIT MARKET

Raise credit limit for exporters to 15 pc: Assocham
THE Associated Chambers of Commerce and Industry of India (Assocham) has asked the RBI to hike the bank credit limit to exporters from 12 per cent to 15 per cent of the total bank credit. The chamber has also asked the apex bank to accord ... More

PNB phases out Rs 3,500 crore of low-yield loans
IN the first six months of the current year, Punjab National Bank phased out not less than Rs 3,500 crore of low-yielding advances, the Chairman and Managing Director, Mr S.C. Gupta, told Business Line. Most of these were Mibor-linked ... More

FIXED DEPOSITS

More banks hike NRE, FCNR deposit rates
CHENNAI: Several banks have hiked interest rates on FCNR and NRE term deposit rates. The banks include Dena Bank, State Bank of Hyderabad, Dhanalakshmi Bank and Tamilnad Mercantile Bank. The increase in deposit rates is followed by ... More

MERGERS & ACQUISITIONS

PSBs divided over consolidation move
THE Government's repeated assertion of merging public sector banks has sparked off a cat-and-mouse game among the banks. Senior Finance Ministry officials said that the merger talks have led to a clear divide among the PSU banks with the ... More

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