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MONEY & BANKING
MERGERS & ACQUISITIONS:
SBI gears up for consolidation, awaits govt green signal
Kolkata, June 14 The Union Finance Minister, Mr Pranab Mukherjee’s accent on banking industry’s consolidation at a meeting with bankers last week will, in all likelihood, spur the State Bank of India to complete its ...
DEBT MARKET:
Bond yields firm on rising oil prices, high govt borrowings
Large FII outflows likely due to anticipated deleveraging in US markets. Bangalore, June 14 Bond yields firmed moving in tandem with the northward momentum of global oil prices and continued high ...
TAXATION:
Rationalise taxes for banks, NBFCs and VCs, says CII
New Delhi, June 14 The Confederation of Indian Industry (CII) has suggested the rationalisation of taxes for banks, non-banking finance companies (NBFCs) and venture capitalists (VCs) to the Ministry of Finance as part of its recommendation ...
PUBLIC SECTOR BANKS:
Andhra Bank set to enter big league: CMD
Andhra Bank, which crossed the Rs 1,00,000-crore business mark, is set to enter the big league next year, according to Mr R.S Reddy, the Chairman and ...
CREDIT MARKET:
Banks for restoring tax sop on long-term lending to core projects
Mumbai, June 14 With the new government laying thrust on infrastructure creation, bankers are expecting a crucial tax sop, whereby interest earned on long-term lending to infrastructure projects is considered as an allowable deduction, to ...
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