Business Daily from THE HINDU group of publications
Thursday, July 09, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, July 09, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING MORTGAGE: NHB hunts for foreign investors for mortgage guarantee company Bank to be majority stakeholder in firm. Mumbai, July 8 National Housing Bank (NHB) is scouting for international investors for its much-delayed mortgage ... TECHNICAL ANALYSIS: Rupee to decline further Upward revision of the targeted fiscal deficit in the Union Budget acted in concert with the crash in equity market to cause a sharp depreciation in rupee this week. The currency reversed lower from the short-term peak of 47.5 to decline to ... INSIGHT: Pranab strikes balance between aggressive growth and equity The emphasis in past Budgets was on stimulating investments in the capital market and foreign investment. At least that was their most visible face, with exemptions galore for dividends and much more for capital ... FINANCIAL SERVICES: Push for financial services, but… The Finance Minister had the challenge of having to prepare a Budget that would “please all” and yet maintain a sustainable growth trajectory for the economy. The general expectation was that the Budget would provide some stimulus ... FINANCIAL PERFORMANCE: Rise in ‘other income’ boosts IndusInd Bank Q1 net To enter low-end housing loan segment this fiscal. Mumbai, July 8 IndusInd Bank’s net profit increased four and half times to Rs 86 crore for the first quarter ended June 30, against Rs 19 crore in the same period last year. Substantial ... SHORT TERM INSTRUMENTS: Call rate marginally lower The inter-bank call rate closed marginally lower at 3.20-3.25 per cent, as against the previous close of 3.25-3.30 per cent. Under the Liquidity Adjustment Facility conducted by the Reserve Bank of India, there were no bids in the one-day ... 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, ... PUBLIC SECTOR BANKS: Corp Bank opens 2 branches Corporation Bank has opened two new branches at Kanakapura in Ramangar district and Rajanukunte in Bangalore rural district of Karnataka. A bank release said here that the new branches are under core banking solution. The bank has more than ... GENERAL INSURANCE: General insurance premiums may head north from 2011-12 30% tax on equity investment income of general insurers proposed. Kolkata, July 8 General insurance policyholders may face a steep rise in premium rates ... CO-OPERATIVES: Non-farm co-op bank loan defaulters get interest relief Concessions to cost TN govt Rs 251 cr. Chennai, July 8 The State Government has announced a special scheme providing for interest concessions for those who have defaulted on non-farm loans from ... CREDIT MARKET: Hotel, hospital loans may not come under commercial real estate exposure Internal cap on lending could be relaxed for such projects. Mumbai, July 8 Commercial banks may have more flexibility to lend to hotel and hospital projects. The RBI, in its draft guidelines on commercial real estate (CRE) exposure, has said ... FOREX: Rupee slips on fears of capital outflows Mumbai, July 8 The rupee depreciated by 43 paise against the dollar on Wednesday on fears of ... PRIVATE BANKS: Federal Bank targets Rs 1-lakh-cr biz by 2011 Kochi, July 8 The Aluva-based Federal Bank, in its recently concluded two-day business conference, has discussed strategies to be adopted towards achieving Rs 1-lakh-crore business by ... RURAL MARKETING: ‘Thrust on rural economy is good for banks’ Mangalore, July 8 The Budget is good because ultimately it is supporting infrastructure, agriculture and micro, small and medium enterprises, according to Mr J.M. Garg, Chairman and Managing Director of Corporation Bank, If rural economy ... ALLIANCES & JOINT VENTURES: ICRA arm, Saudi co enter into joint venture Mumbai, July 8 ICRA Management Consulting Services Ltd (IMaCS), the wholly-owned subsidiary of ICRA Ltd, on Wednesday signed a memorandum of understanding with Saudi Arabia-based Exsab Investment to set up a joint venture company to ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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