MONEY & BANKING
INSIGHT
The economy-stock market divergence
The last several weeks have seen a disconnect between US economic data, energy, commodity and food prices on the one hand, and stock prices on the other. In fact, despite the severe woes of the economy and credit markets, the Dow Jones ...
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FOREX
Rupee declines
The rupee fell slightly against the dollar on Tuesday on demand from importers as well as short-covering by banks.The domestic currency opened at 42.63/65 and touched an intra day low of 42.75/76. It closed at 42.61/62, against ...
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FINANCIAL PERFORMANCE
Improved NPA recovery helps Bank of Baroda
Q4 net up 12% despite challenging conditions
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FINANCIAL POLICY
‘Current inflation level totally unacceptable’
RBI in readiness to act
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DEBT MARKET
Bond market subdued
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PUBLIC SECTOR BANKS
New ED for Andhra Bank
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CREDIT MARKET
Tractor makers see sales taking a knock
Chennai, May 20 The announcement by State Bank of India, the largest bank in the country, suspending new loans for buying tractors and farm equipment has evoked mixed response amongst financiers and manufacturers. Tractor ...
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Most banks comfortable with tractor loans
State Bank of India seems to have been an exception with regard to a bitter experience in the tractor financing business. Ask any other bank about whether it had a similar experience and the answer is NO.Andhra Bank is comfortable with ...
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‘Monthly repayment helps’
Hyderabad, May 20 Even as some public sector banks are alarmed over the quality of loans in tractor finance, microfinance company Spandana Spoorthy Innovative Financial Services Ltd is upbeat. It believes the key to ensuring prompt ...
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‘SBI’s move will hit farm sector’
New Delhi, May 20 The country’s largest bank, State Bank of India’s decision to stop disbursals on farm loans during peak agriculture season would affect the farm machinery business, the President of Tractors Manufacturers ...
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SHORT TERM INSTRUMENTS
Call rates tad lower
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EVENTS
‘Coin mela’ in Mangalore
Mangalore, May 20 The Kanara Chamber of Commerce and Industry (KCCI) will organise a ‘coin mela’ at its premises on May 21. A press release said here that Mr B. Prakashchandra Shetty, Deputy General Manager of Vijaya Bank, ...
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