The Hindu Business Line : Friday, June 26, 2009

MONEY & BANKING

FOREX: ATMs running out of Rs 100 notes
Hyderabad, June 25 Planning to withdraw money from ATM? You may have to withdraw not less than Rs 500. The reason: shortage of Rs 100 ...

CREDIT RATING: Asset quality may come under strain: Moody’s
Credit flow tighter now, corporate earnings weaker. Mumbai, June 25 Moody’s Investors Service has warned that Indian banking system’s asset quality could come under strain, with higher levels of non-performing loans, as a reversal of ...

ALLIANCES & JOINT VENTURES: HDFC Bank, RSA tie up
HDFC Bank has tied up with RSA, the security division of technology company EMC, for a comprehensive fraud prevention platform. The tie-up will protect the bank’s customers from online frauds, phishing, pharming and Trojan ...

CREDIT MARKET: Disbursement to priority sector exceeds target
The disbursement to the priority sector by commercial banks in Kerala in 2008-09 exceeded the target set for ...

INTEREST RATES: PSBs may be cautious on rate cut
Significant reduction only if SBI lowers rates further. Bangalore, June 25 Despite State Bank of India’s 50 basis points reduction in the benchmark prime lending rate on Wednesday, several public sector banks (PSB) were unlikely to make ...

RBI & OTHER CENTRAL BANKS: RBI directive on electronic clearing
Mumbai, June 25 Banks should link more branches to the National Electronic Clearing Service (NECS). Ideally, all core-banking-enabled branches should be part of NECS, said the Reserve Bank of India in a notification issued ...

INTEREST RATES: BoB decision likely in a week
Mangalore, June 25 Bank of Baroda will take a decision on interest rate revision in a week’s time, according to Mr M.D. Mallya, Chairman and Managing Director of the ...

INTEREST RATES: IDBI Bank cuts lending rate by 25 bps
Mumbai, June 25 IDBI Bank has cut its benchmark prime lending rate (BPLR) by 25 basis points to 12.75 per cent with effect from July ...

FIXED DEPOSITS: Karnataka Bank cuts deposit rates
Mangalore, June 25 Karnataka Bank Ltd has reduced rate of interest by 50 basis points on domestic term deposits on three maturity slabs with effective from July ...

FINANCIAL POLICY: Capital market exposure norms: Deadline extended
Mumbai, Jun 25 The Reserve Bank of India on Thursday further extended by six months the transition period for banks to comply with the capital market exposure norms with respect to loans extended to mutual funds and issue of irrevocable ...

FOREX: Rupee marginally lower
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PRIVATE BANKS: YES Bank investment
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PUBLIC SECTOR BANKS: More BoB branches in Karnataka
Mangalore, June 25 Bank of Baroda, which is present in 22 districts of Karnataka, plans to mark its presence in all districts of Karnataka by 2010-11. Addressing presspersons after inaugurating a branch at Surathkal in Mangalore on Thursday, ...

SHORT TERM INSTRUMENTS: Call rates a tad lower
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GOVT BONDS: Bond market flat
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AWARDS & HONOURS: SIDBI bags 3 awards
Small Industries Development Bank of India has been conferred three international awards by the Association of Development Financing Institutions in Asia and the Pacific. The awards are for its initiative to set up the India SME Asset ...