Business Daily from THE HINDU group of publications
Saturday, April 25, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, April 25, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FINANCIAL PERFORMANCE: Rise in non-interest income lifts Corporation Bank Q4 net 26% Profits from sale of investments touch Rs 290 cr. Mumbai, April 24 Corporation Bank posted a net profit of Rs 260 crore for the quarter ended March 31, 2009, up 26 per cent from Rs 206 crore in the same quarter last year, mainly on account of a ... CREDIT POLICY: Investment stimulus is key It must have been one of the easier Monetary Policy announcements for the RBI. In fact, it had done most of the work, in terms of repo and Cash Reserve Ratio cuts, much before the Policy. Events moved so fast in financial markets and the ... FIXED DEPOSITS: CD ratio of banks in Kerala declines 16% growth in deposits; NRE deposits go up. The slow pace of credit offtake despite a robust growth in deposits has resulted in the credit-deposit ratio (CD ratio) of commercial banks in Kerala declining in the third quarter ... INTEREST RATES: PNB sees scope to cut lending rates Taking a cue from the RBI’s annual policy statement, Punjab National Bank may lower interest rates by this month-end. An indication to this effect was given by the bank’s Chairman and Managing Director, Dr K.C. Chakrabarty, ... SHORT TERM INSTRUMENTS: Call rate ends flat The inter-bank call rate ended at 3.20-3.30 per cent, against the previous close of 3.25-3.35 per cent. In the first liquidity adjustment facility (LAF), there were no bids in the three-day repo auction. In the reverse repo auction, there were ... FINANCIAL POLICY: Bank guarantees beyond 10 yrs The Reserve Bank of India has allowed banks to issue guarantees beyond 10 years. This relaxation comes in view of the fact that banks are extending long term loans for periods over 10 years for various projects. Banks issuing such guarantees ... PEOPLE: New ED for Central Bank Mr Arun Kaul has taken charge as Executive Director of Central Bank of India from Wednesday, said a press release from the bank. Prior to this, Mr Kaul was chief general manager of Punjab National Bank, holding charge of credit ...
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