Business Daily from THE HINDU group of publications
Tuesday, June 09, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, June 09, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING NBFCS: Asset financing NBFCs report fall in profit growth Hit by decline in demand for auto sector loans, rise in NPAs. The fall in demand for loans from the automobile sector and increased levels of asset quality slippages, have reduced the profit growth of most non-banking financial services (NBFC) ... PUBLIC SECTOR BANKS: Public sector banks may cut interest rates further to boost credit demand Kolkata, June 8 Public sector banks might look at further reduction in interest rates in order to boost credit ... FOREX: How strong is dollar-commodities link? One of the most enduring perceptions in global markets is about the inverse relationship between the US dollar and commodity prices. In fact, such an inverse relationship and of the causation – running from the dollar to commodities — ... GENERAL INSURANCE: PSU non-life insurers told to focus on underwriting biz Bangalore, June 8 As a prelude to equity dilution, the government has asked public sector non-life insurance companies to shift focus from top lines to ... GOVT BONDS: Bonds weaken on auction move Bond prices weakened as the auction of government securities announced on Friday was higher than market expectations. But they came off the day’s lows on expectations that following the auction, the government would stick to the ... FOREX: Rupee falls by 45 paise The rupee fell by around 45 paise against the dollar, under pressure due to falling Asian and domestic equity indices, said dealers. The domestic currency opened at 47.30 and strengthened to touch an intra-day high of 47.25. It weakened to touch ... INTEREST RATES: DCB trims deposit rates Development Credit Bank has cut the interest rates on term deposits of varying maturities with immediate effect. According to a press release from the bank, on deposits having maturity up to one year, the bank has cut the interest rate by 25 ... SHORT TERM INSTRUMENTS: Call rate ends unchanged The inter-bank call rate closed at 3.20-3.30 per cent, same as the previous day’s close. Under the liquidity adjustment facility (LAF), there were no bids in the one-day repo auction. In the reverse repo auction, the Reserve Bank of ... COURTS/LEGAL ISSUES: Bank officer to get gratuity arrears: HC Chennai, June 8 Bank of Baroda has been directed by the Madras High Court to pay gratuity arrears to its officer consequent on upward revision of pay and allowances from July 1, ... REGIONAL RURAL BANKS: Pragathi Gramin Bank posts Rs 6,208-cr turnover The public sector Canara Bank-sponsored Pragathi Gramin Bank has emerged as the largest regional rural bank in ... FINANCIAL PERFORMANCE: Indiabulls Fin net slips on higher interest, finance charges Mumbai, June 8 Indiabulls Financial Services has reported an 83 per cent dip in its consolidated net profit for the fiscal year ended March 2009 as interest and finance charges ... TRADE & LABOUR UNIONS: Bank strike on June 12 Kochi, June 8 All India Bank Officers’ Association (AIBOA) has decided to make the countrywide bank strike on June 12 ... PEOPLE: New GM for SBT Mr Vijay Pratap Singh has taken charge as General Manager (Planning and Development) at State Bank of ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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