Business Daily from THE HINDU group of publications
Tuesday, October 13, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, October 13, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING PERFORMANCE: HDFC net rises 24% in Q2 Higher loan disbursements, lower NPAs aid profit growth. Mumbai, Oct. 12 HDFC Ltd reported a 24 per cent growth in net profit at Rs 664 crore in the second quarter of 2009-10, over Rs 534 crore in the corresponding quarter ... FINANCIAL PERFORMANCE: ‘Other income’ boosts Axis Bank Q2 net 32% Board approves plans to start an NBFC with focus on infrastructure. Mumbai, Oct. 12 Net profit of Axis Bank grew by 32 per cent to Rs 531.64 crore for the second quarter ended September 30, over the same period last year, aided mainly by ... INSIGHT: Capital controls no longer taboo The recent global financial crisis has sharpened the schism that has traditionally characterised macroeconomics, namely, that between the saltwater view (whose adherents subscribe broadly to the Keynesian vision of what recessions are all about) ... EVENTS: Irresponsible banking practices blamed for financial crisis IIM-K conclave dissects global economic scenario. Kozhikode, Oct. 12 The Indian regulators have a more holistic view of the economy than their counterparts in the US and elsewhere, according to Mr Govind Shankaranarayanan, Chief Financial ... CREDIT MARKET: Banks planning to re-phase loans given to SHGs in flood-hit AP dists Awaiting damage estimate of crops, agri property from Govt. Hyderabad, Oct. 12 Banks are planning to re-phase loans extended to the self-help groups (SHGs) in the flood-affected districts of ... OUTLOOK: Banks may get to tie up with more insurers Mumbai, Oct. 12 Banks may get more freedom to sell insurance products. The Insurance Regulatory and Development Authority of India is considering a proposal to allow banks sell products of three insurance ... CREDIT RATING: Safety rating for SKS Micro A securitisation of portfolio transaction between SKS Microfinance and YES Bank has been given ‘highest safety’ rating by Credit Analysis & Research Ltd. The Hyderabad-based SKS had recently tied up with YES Bank for securitising ... NEW PRODUCTS & SERVICES: Central Bank launches pre-paid gift card New Delhi, Oct. 12 Central Bank of India is targeting a credit growth of 20 per cent for the year and a deposit growth of 23 per cent, said Mr S. Sridhar, its Chairman and Managing ... INTEREST RATES: Banks urge RBI not to hike rates for now Mumbai, Oct. 12 Faced with a flat credit growth, bankers requested the Reserve Bank of India to continue with its accommodative policy stance and not to hike rates for now, at the pre-monetary policy meeting, held here on Monday. However, ... CREDIT MARKET: Bank of India to intensify SME focus Mangalore, Oct. 12 Bank of India is planning to operate 100 branches dedicated to the SME (small and medium enterprises) ... FINANCIAL PERFORMANCE: SIB Q2 net profit rises 40% Ahmedabad, Oct. 12 The South Indian Bank expects to do a business of Rs 75,000 crore in the next four years through 750 branches and ATMs, said Dr V.A. Joseph, Managing Director and Chief Executive Officer. Currently, the bank has a business ... INSIGHT: A tale of coins The history of money starts with odd things such as sea-shells, hides, and even common salt, all symbolising some value (barter preceded this). In course of time, this process culminated in the minting of coins, around the 14th century. ... PUBLIC SECTOR BANKS: SBT quiz for college students State Bank of Travancore (SBT) will observe a Vigilance Awareness Week from November 3 to 7. In connection with this, the bank is organising a quiz programme for college students from Thiruvananthapuram on November 4 at the bank’s ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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