Business Daily from THE HINDU group of publications
Thursday, May 28, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, May 28, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INTEREST RATES: Govt to push ahead with long-pending reforms Priority for lowering bank lending rates further. New Delhi, May 27 The Finance Minister, Mr Pranab Mukherjee, said on Wednesday that the next round of economic reforms will provide the next stimulus to economic growth. The stock markets seemed ... OVERSEAS BORROWINGS: Cos’ overseas borrowings fall 73% to $298.63 m in April Investors cut exposure to India due to elections, say bankers. Mumbai, May 27 Resource mobilisation by India Inc through external commercial borrowings/foreign currency convertible bonds in April was sharply down by 73 per cent to $298.63 ... EVENTS: SLBC to facilitate rehabilitation of Gulf returnees, says RBI State and district-level action plan mooted for inclusive growth. The State-Level Bankers’ Committee (SLBC) will be given the freedom to work out a rehabilitation plan for non-residents forced to return by global recession, according to Ms ... DEBT MARKET: Bonds fall ahead of auction Bond prices fell by around 50 paise, ahead of the Rs 15,000-crore worth auction of Government securities on May 28. Statements from the Finance Ministry that the Government borrowing may increase also dampened market sentiment, said a bond ... FINANCIAL INSTITUTIONS: ECGC sees 17% rise in claims payout this fiscal No plans to raise premium rates. Export Credit Guarantee Corporation, which provides insurance cover to exporters, expects claims payout to rise around 17 per cent this financial ... HUMAN RESOURCES: SBI building ‘SME cadre’ Two years after the roll out of ‘Project Parivartan’, a HR programme targeted at clerical staff and officers, State Bank of India has initiated yet another drive, and this time it aims to build an ... INTEREST RATES: Corporation Bank likely to cut rates Mumbai, May 27 Corporation Bank may cut deposit rates by 25 basis points and lending rates by 25-50 basis points, said Mr Asit Pal, Executive Director. The bank is likely to take a decision on deposit rates when its asset-liability ... FIXED DEPOSITS: SBT cuts deposit rates State Bank of Travancore has revised the interest rates on domestic and non-resident ordinary term deposits with effect from ... PUBLIC SECTOR BANKS: Andhra Bank to launch online trading platform Hyderabad, May 27 Andhra Bank will launch an online trading platform next month in association with Religare ... FOREX: Rupee up, tracking equity gains ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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