Business Daily from THE HINDU group of publications
Tuesday, December 30, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, December 30, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INTEREST RATES: PNB slashes prime lending rate to 12% Retail, agriculture, MSME loans to become cheaper. Mumbai, Dec. 29 Anticipating a further reduction in interest rates by the central bank, Punjab National Bank on Monday announced a 50 basis points cut in its benchmark prime lending rate from ... INSIGHT: Global meltdown weighs on the rupee Outlook seen weak as deleveraging abroad is far from over. Bangalore, Dec. 29 For the Indian rupee Circa 2008 was not exactly very good. It was a year of extreme volatility and the rupee has shed over 20 per cent against the US dollar since ... FINANCIAL POLICY: Montek sees scope for more monetary steps New stimulus package likely to be announced in next few days. New Delhi, Dec. 29 The Reserve Bank of India Governor, Dr D. Subbarao, on Monday met the Prime Minister, Dr Manmohan Singh, amid reports that the Government and the central bank ... HOUSING FINANCE: Kolkata-based banks upbeat on home loan disbursements Kolkata, Dec. 29 Kolkata-based banks expect growth in their home loan disbursements to be anywhere between 25 and 50 per cent during the rest of 2008-09. The optimism is based on the comprehensive home loan package announced by the ... GOVT BONDS: Bond prices gain Bond prices gained by 52 paise on reports that the Reserve Bank of India Governor met the Prime Minister, dealers said. Prices rose in anticipation that the rate cut announcement would be made soon, said a dealer with a private bank. The ... SHORT TERM INSTRUMENTS: Call rate closes lower The inter-bank call rate closed lower at 5.20-5.40 per cent, as against the previous close 5.50-5.60 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the one-day reverse repo ... FOREX: Rupee trims losses ... INTEREST RATES: IDBI Banks cuts deposit rates ... PRIVATE BANKS: Axis Bank branch in Adilabad ... CREDIT MARKET: PNB sees credit growth at 29% Mumbai, Dec. 29 Punjab National Bank is likely to see credit growth in the range of 28-29 per cent this fiscal, said Dr K.C. Chakrabarty, the bank’s chairman and managing director. “There is robust demand for credit from all ... OUTLOOK: ‘Banks must lend more, borrow in short-term’ Thiruvananthapuram, Dec. 29 Ramping up lending volumes and borrowing in the short-term would be the best option for banks finding difficult to work around the high-cost funds contracted during times of the liquidity ... CREDIT RATING: Credit rating agencies: Flawed institutions Credit rating agencies are right in the line of fire in the current crisis in global financial markets for their misleading investment grade ratings for ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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