Business Daily from THE HINDU group of publications
Wednesday, July 08, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, July 08, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING DEBT MARKET: Govt will not crowd out corporate borrowing Divestment roadmap will have stakeholders’ input: Pranab. New Delhi, July 7 The Finance Minister, Mr Pranab Mukherjee, has assured the private sector that the proposed higher Government borrowing for 2009-10 would be planned in such a ... HOUSING FINANCE: Bankers caution realtors against raising property prices New Delhi, July 7 Leading bankers on Tuesday cautioned real estate developers against raising residential prices, saying that any such move at this juncture would stall recovery in ... FINANCIAL MARKETS: Borrowing costs for States to shoot up Centre’s borrowing plan likely to push interest rates higher. Bangalore, July 7 Borrowing costs for States are expected to escalate sharply as competition from the Centre’s borrowing programme for the current ... NON-PERFORMING ASSETS: Banks seek six more months for NPA recast RBI urged to re-look at some provisioning norms. Mumbai, July 7 Banks have sought more time to complete the process of restructuring bad ... FOREX: Rupee a tad higher The rupee gained marginally by 10 paise against the dollar on Tuesday in a volatile market. The domestic currency opened at 48.42 and strengthened to touch an intra-day high of 48.28. It then weakened to touch an intra-day low of 48.75, ... DEBT MARKET: Bonds continue to fall Bond prices fell for the second consecutive day after the Budget, as the Reserve Bank of India announced an auction of Rs 15,000 crore worth of government securities. On Monday, bond prices had crashed following the announcement of higher ... FINANCIAL PERFORMANCE: StanChart Bank net profit rises Standard Chartered Bank’s net profit rose 12 per cent to Rs 1,907 crore in the financial year 2008-09, as against Rs 1,702 crore in 2007-08. “The wholesale bank has performed strongly, while consumer bank has benefited from a shift to ... PRIVATE BANKS: Karnataka Bank enters Bihar Karnataka Bank Ltd has made its entry into Bihar with the opening of a branch at Patna. A bank release said here that with the opening of 448th branch of the bank in Patna, the bank now has presence in 20 States. Inaugurating the branch, ... SHORT TERM INSTRUMENTS: Call rate closes at 3.25-3.30% The inter-bank call rate closed at 3.25-3.30 per cent, as against the previous close of 3.20-3.30 per cent. Under the Liquidity Adjustment Facility conducted by the Reserve Bank of India, there were no bids in the one-day repo auction. In ... CREDIT MARKET: ‘More credit for small sector’ Welcoming the announcements for the micro and small enterprises in the Budget, Mr R.M. Malla, Chairman and Managing Director, Small Industries Development Bank, said the special fund of Rs 4,000 crore will increase the credit flow to this ... PENSION PLANS: Tax treatment weighs on new pension scheme Mumbai, July 7 The new pension scheme (NPS) continues to be at a disadvantage vis-À-vis Employees’ Provident Fund (EPF) and the Public Provident Fund (PPF) as the Government has decided to continue with the Exempt-Exempt-Taxed ... CO-OPERATIVES: Kanakamahalakshmi bank aims for Rs 100-cr deposits Kanakamahalakshmi Co-operative Bank here is taking over the Palacole Town Co-op Bank in West Godavari district, which is in losses, and turn it around in a year or two, according to Mr P. Raghunadha Rao, ... BUDGET: Core sector funding: Banks await details Mumbai, July 7 Welcoming the announcements in the Union Budget, with regard to infrastructure sector lending — takeout financing and refinance through the India Infrastructure Finance Company Ltd (IIFCL) — banks officials said ... INSIGHT: Inflation measures: Incomplete, irrelevant? The RBI Governor, Dr D. Subba Rao, is a worried man. Recently, when asked, he thought there was no room to further loosen monetary policy and interest rates, despite the inflation benchmark, the Wholesale Price Index (WPI), collapsing below ... PUBLIC SECTOR BANKS: Corp Bank opens branches ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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