Business Daily from THE HINDU group of publications Monday, December 22, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING GENERAL INSURANCE: ‘Taj repair costs to be lower than insurance cover’ Tower block opens with 65% occupancy. Mumbai, Dec. 21 The cost of repairs and renovation of Taj Mahal Palace and Towers in Mumbai, which was damaged during last month’s terror attacks, will be less than the hotel’s insurance cover of ... INTERVIEW: Reduction in rates will boost home loan demand: LIC Housing ’Actual impact of latest rate cut will be felt only by next quarter’. Mumbai, Dec. 21 Heeding the Government advice, public sector banks had cut home loan rates last week. Following this, leading housing finance companies announced ... DEBT MARKET: Bonds rally on surging deposits, weak oil prices Falling inflation raises hopes of policy interventions by RBI. Bangalore, Dec. 21 Bonds rallied last week spurred by surging deposits into public sector banks and sliding global ... HOUSING FINANCE: Banks reduce interest rates Public sector Syndicate Bank has reduced the interest rates on fresh housing loans up to Rs 20 lakh. A bank release said here, the interest on loans up to Rs 5 lakh would be 8.50 per cent and up to Rs 20.00 lakh the rates would be 9.25 per ... INTEREST RATES: Phased PLR reduction City Union Bank plans to cut its prime lending rate by 50 basis points by the end of this month, the bank’s Chairman, Mr S. Balasubramanian, said. The bank would reduce PLR in phases, Mr Balasubramanian told newspersons on the sidelines of ... CREDIT MARKET: Credit growth likely to pick up on falling inflation Kolkata, Dec. 21 With the inflation coming down and interest rates heading southward, there will be a pick-up in credit demand, said senior bank officials. The credit growth of banks has slackened for the past few months because of the ... GOVT BONDS: Kerala to raise Rs 800 cr via securities Thiruvananthapuram, Dec. 21 The Kerala Government is raising Rs 800 crore through sale of securities for financing the developmental activities in the ... PUBLIC SECTOR BANKS: BoB to step up South presence ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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