Business Daily from THE HINDU group of publications
Tuesday, May 26, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, May 26, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING CREDIT MARKET: Shipping cos look to domestic banks for fleet expansion Indian shipping companies planning to make the most of cheap valuations of cargo and tank ships globally, can hope for some strong backing from domestic banks in their fleet expansion ... FINANCIAL SERVICES: PNB to increase remittance biz via MoneyGram New Delhi, May 25 Punjab National Bank is collaborating with the US-based $1.3-billion MoneyGram International to increase its business through remittance services. This will be offered from the bank’s 4,600 branches in the country ... PUBLIC SECTOR BANKS: Andhra Bank plans 10 more branches in Vizag zone The Andhra Bank is planning to set up 10 more branches in the Visakhapatnam zone comprising the two districts of Visakhapatnam and Vizianagaram during the current financial year, according to Mr N. Lakshmi Reddy, Deputy ... GENERAL INSURANCE: United India ties up with TVS To retain its seven lakh car policyholders and add new ones, United India Insurance has tied up with TVS & Sons to provide free assistance to the policyholder when there is a breakdown or accident. Addressing a press conference, Mr ... SHORT TERM INSTRUMENTS: Call rates unchanged ... FIXED DEPOSITS: Bank of Baroda cuts deposit rates Bank of Baroda cut interest rates on deposits of various maturities between 25 and 75 basis points with effect from May 27. A press release from the bank said the cuts were in view of the ample liquidity conditions, low-inflation and sluggish ... CREDIT MARKET: Andhra Bank to offer gold loans in Mumbai Zone Mumbai, May 25 As part of its focus on retail credit, Andhra Bank is launching its gold loans in all branches in Mumbai Zone. The bank plans to market the product in Maharashtra, Gujarat and Goa, said Mr Anjaneya Prasad, General Manager, ... FINANCIAL PERFORMANCE: Karnataka Bank Q4 net up 36.7% on other income Mangalore, May 25 Karnataka Bank Ltd posted a net profit of Rs 266.70 crore for 2008-09 against Rs 241.74 crore in 2007-08, registering a growth of 10.33 per cent. The net profit during the fourth quarter of 2008-09 stood at Rs 83.14 ... PUBLIC SECTOR BANKS: Money on wheels ... FOREX: Rupee ends marginally down Mumbai, May 25 The rupee depreciated marginally by 18 paise against the dollar on Monday in a rangebound ... PUBLIC SECTOR BANKS: PNB to launch international travel card soon New Delhi, May 25 Punjab National Bank plans to launch an international travel card that will limit the risk for customers and protect them against currency fluctuations. Unlike a credit or debit card, the travel card will be prepaid. ... CORPORATE BONDS: Bond prices fall on fears of higher Govt borrowing Mumbai, May 25 Bond prices fell on fears that the Government borrowing may be higher than earlier announced, as indicated by the statements made by the Finance Minister, said a bond dealer with a public sector ... CREDIT MARKET: Rules on advances: Questionable restructuring The Reserve Bank of India’s prudential guidelines on restructuring of advances by banks originally issued in March 2001 and modified in August 2008 have imposed an unnecessary burden on banks. Further, the principle behind the ... FINANCIAL MARKETS: Markets: Ahead of economies? Markets have always been apparently disconnected from reality. They did not foresee the subprime crisis till it was upon them. Indian stocks, were, in fact, rising for at least three months after the collapse of ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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