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MONEY & BANKING
FIXED DEPOSITS:
ICICI Bank sends SMS to allay fears of depositors
Mumbai, Oct. 11 Many ICICI Bank customers received SMS messages on their mobile phones on Saturday, assuring them that their deposits with the bank are ...
FIXED DEPOSITS:
How to make bank deposits a safe cover
When rumours about the financial health of a private bank began to circulate last week, people queued up at the bank’s ATMs in the wee hours to withdraw money. One of my friends who had large sums parked in fixed deposits with the ...
HOUSING FINANCE:
Home buyers in the grip of ‘Diwali dilemma’
To buy or not to buy is the dilemma home seekers face as Diwali draws closer. As always, and this time too, developers have rolled out festive offers ranging from freebies to equated monthly instalments ...
DEBT MARKET:
Opportunity in debt now
Failed to book profits on your equity portfolio when the markets were at 21000? Well, one lesson you can draw from the recent stock market debacle, is that investing requires you to maintain a constant vigil and grab opportunities when they ...
CRR & BANK RATES:
CRR cut timely, says KVB chief
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RBI & OTHER CENTRAL BANKS:
‘RBI priority for liquidity management’
New Delhi, Oct. 11 Liquidity management will continue to receive priority in the hierarchy of policy objectives of the Reserve Bank of India over the period ahead, the RBI Deputy Governor, Dr Rakesh Mohan, ...
INTEREST RATES:
Industry chambers seek softened interest rates
New Delhi, Oct. 11 Subsequent to the central bank’s move of reducing the cash reserve ratio by 150 basis points, industry chambers have sought a cut in repo rates in a similar proportion among several other measures to infuse liquidity ...
RBI & OTHER CENTRAL BANKS:
Satyam refutes reports on World Bank bar
Hyderabad, Oct. 11 Satyam Computer Services has refuted reports in the international media that World Bank has barred it from doing offshore work. The reports said the bank had taken this decision after noticing reported intrusions into ...
PUBLIC SECTOR BANKS:
Union Bank of India: Buy
Investors can consider buying the Union Bank of India stock with an investment horizon of more than a year. A low price-to-book value, with a high return on equity, indicates the stock to be relatively undervalued. Investors should, however, ...
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