Business Daily from THE HINDU group of publications
Friday, October 23, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, October 23, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INSIGHT: Time to ease up on monetary throttle In a few days, the Reserve Bank of India will unveil its Mid-Term Review of Annual Monetary Policy for 2009-10. Central to the review is an assessment of the extent of recovery post the financial crisis of both the global and Indian ... CREDIT RATING: Moody’s downgrades ratings of 13 banks Coimbatore, Oct. 22 Moody’s Investors Service today downgraded the supported ratings of 13 Indian commercial banks following its global review of systemic support indicators for individual banking systems. The rating has affected each ... DERIVATIVES MARKETS: Y.V. Reddy advocates Tobin Tax Chennai, Oct. 22 Dr Y.V. Reddy, former Governor of RBI, advocated the need for a ‘Tobin Tax’ (a tax on short term speculation in currencies) for India while delivering the S.Guhan Memorial Lecture 2009, in Chennai on ... FIXED DEPOSITS: Banks told to shore up core deposit base Challenge for the industry is to support credit growth. Mumbai, Oct. 22 The Reserve Bank of India has expressed concern over the growing dependence of Indian banks on bulk deposits to fund credit growth. This could have liquidity and ... PRIVATE BANKS: TMB targets Rs 20,000-cr business this fiscal Tamilnad Mercantile Bank expects to achieve a total business target of Rs 20,000 crore during the current financial year, according to its Managing Director and Chief Executive Officer, Mr G. ... OVERSEAS BORROWINGS: Banks’ international liabilities decline Mumbai, Oct. 22 The international liabilities of Indian banks declined by 1.1 per cent in 2008-09 to Rs 3,86,608 crore against Rs 3,90,857 crore in the year ago ... FINANCIAL PERFORMANCE: Manappuram Finance net rises 177% Mumbai, Oct. 22 Kerala-based non-banking financial company Manappuram General Finance and Leasing Ltd (MAGFIL), has registered a 177 per cent rise in net profit to Rs 18 crore for the quarter ended September 2009, compared with Rs 6.67 crore ... CREDIT MARKET: Credit growth falls from end-Sept high Mumbai, Oct. 22 After the sudden spurt in disbursals in the fortnight ending September 25, credit growth has returned to levels ... INTEREST RATES: Interest rates may not harden this fiscal: Bhatt Hyderabad Oct. 22 The Chairman and Managing Director of State Bank of India, Mr O.P. Bhatt, does not foresee any hardening of interest rates in the second half of the fiscal due to the high liquidity in ... RBI & OTHER CENTRAL BANKS: Off-balance sheet exposures show sharp decline Off-balance sheet exposures of banks declined by 26.4 per cent to Rs 106 lakh crore in 2008-09, reflecting the strengthening of the prudential regulations on these exposures by the Reserve Bank ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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