Business Daily from THE HINDU group of publications
Thursday, January 29, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, January 29, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING CREDIT MARKET: Scope for further cuts in lending, deposit rates: RBI Structural factors, large Govt borrowing, risk aversion may constrain banks. Mumbai, Jan. 28 Even as the Reserve Bank of India wants banks to respond to its earlier policy cues by cutting deposit and lending rates, its third quarter review of ... GOVT BONDS: Bond volumes rise Prices of the 2018 Government paper fell following the announcement of the auction of a new 10-year Government security. Almost all the trading on Wednesday was seen in the two papers — the 8.24 per cent 2018 paper and the 7.56 per cent ... FOREX: Rupee ends flat The rupee was flat against the dollar on Wednesday in a range-bound market. The domestic currency opened at 48.80 and touched an intra-day high of 48.78. It closed at 48.93, same as the previous day’s close. The rupee opened with a gap, ... INTEREST RATES: LVB cuts deposit, lending rates Lakshmi Vilas Bank has effected a 50 bps -150 bps cut in its domestic deposit term rates (for different maturities) from January 27. It plans to reduce its prime lending rate by 25 basis points to 15.25 per cent from February 7. For deposits in ... CORPORATE BONDS: Corporation Bank raises Rs 237 cr Corporation Bank has raised Rs 237.50 crore through tier-I bonds. In a statement to the stock exchanges on Wednesday, the bank said it had informed the exchanges regarding raising of Rs 150 crore Tier-I bonds (series-I) with an option to ... SHORT TERM INSTRUMENTS: Call rate steady The inter-bank call rate closed at 4.10-4.20 per cent, same as the previous close. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the reverse repo auction, the RBI received and accepted ... SOFTWARE: 3 major banks operate on Satyam solutions RBI satisfied with the banks’ plan to face problems, if any. Hyderabad, Jan. 28 At least three major public sector banks, State Bank of India (SBI), Punjab and Sind Bank and Syndicate Bank depend on Satyam Computer Services for crucial IT ... CREDIT POLICY: Banks positive on achieving 24% credit growth Kolkata, Jan. 28 It might not be difficult for banks to achieve a credit growth of 24 per cent as projected by the Reserve Bank of India in its quarterly review of the Monetary Policy, according to senior bank ... FINANCIAL PERFORMANCE: Max India consolidated net loss widens on insurance expansion New Delhi, Jan. 28 Max India has reported a consolidated net loss of Rs 94 crore for the quarter ended December 31, 2008, against net loss of Rs 4 crore in the corresponding period in the ... CRR & BANK RATES: RBI’s wait and watch move logical, say bankers Hyderabad, Jan. 28 The RBI’s decision to leave key rates unchanged is a fine policy in the current economic scenario, Ms Renu Challu, Managing Director, State Bank of Hyderabad, said. The inflation figures were higher last week ... FINANCIAL MARKETS: ‘A weak scenario for economy’ Chennai: The review of monetary policy paints a rather weak scenario for the Indian economy going forward with the RBI’s Industrial Outlook Survey pointing to a deteriorating business sentiment, Mr Mohan Shenoi, ... FINANCIAL PERFORMANCE: Bank of Maharashtra Q3 net rises 20% Pune, Jan. 28 Bank of Maharashtra has reported a net profit of Rs 120.66 crore during the third quarter of 2008, a growth of 20.21 per cent over last year, while its total income (interest plus other income) touched Rs 1,292.60 crore, a rise ...
FINANCIAL PERFORMANCE:
City Union Bank profit rises 26.6% Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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