Business Daily from THE HINDU group of publications
Wednesday, March 25, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, March 25, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING NON-PERFORMING ASSETS: Banks deluged with proposals for restructuring loans Fallout of RBI’s new guidelines on treating loans under stress. Mumbai, March 24 Banks are flooded with lakhs of proposals from corporates, SMEs and home loan borrowers for restructuring their loans, running into thousands of crores of ... INTEREST RATES: HDFC slashes retail PLR by 50 bps Mumbai, March 24 HDFC on Tuesday announced that it will reduce its retail prime lending rate (RPLR) by 50 basis points to 14 per cent with effect from March 25. The cut in RPLR will accrue to all existing floating rate customers over the ... GOVT BONDS: Surge in G-sec purchases by mutual funds, general insurers Move driven by uncertainties in equity markets; players see cut in repo rate. Bangalore, March 24 Mutual funds and general insurers are making large purchases of Government securities, ahead of the ... FINANCIAL POLICY: Obama bets on ‘toxic’ asset plan The long-awaited Obama administration’s plan to rid banks of their ‘toxic’ assets was announced on Monday. The gist is that a public-private partnership will be established to acquire loans and securities from banks through ... CREDIT MARKET: ‘Give concession on education loans’ Birla Institute of Management and Technology has urged the Government to give concession to students in repayment of educational loans. “BIMTECH, has suggested lengthening the moratorium period on educational loans to 24 months after ... FOREX: Exchanges double currency futures position limit Mumbai, March 24 The three exchanges — MCX-SX, NSE and BSE — have doubled the position limit for its clients and members trading currency futures ... OUTLOOK: Union Bank may see lower profit in Q4 Mumbai, March 24 Union Bank of India is likely to see lower profit for the quarter ending March 31, compared with the first nine months of this fiscal, according to Mr M.V. Nair, Chairman and Managing ... GENERAL INSURANCE: Karnataka Bank to vend Universal Sompo products Mangalore, March 24 Universal Sompo General Insurance Company (USGICL) is targeting a premium income of Rs 250 crore during 2009-10, according to Mr O.N. Singh, Executive ... CREDIT MARKET: Cabinet Secy, bank chiefs meeting likely on April 2 New Delhi, March 24 The Cabinet Secretary, Mr K.M. Chandrasekhar, is likely to meet select chief executives of banks on April 2 to discuss issues of credit flow to the industry and ... PRIVATE BANKS: Axis Bank opens branch at Repalle Hyderabad, March 24 Axis Bank announced the opening of the bank’s branch in Repalle. Mr C.P. Rangarajan, President – South Zone, Axis Bank, inaugurated the bank’s new branch at Railpet, Repalle, Guntur District, on ...
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