 | Business Line - Business |
| |
Current Headlines | Most Read | Archives |
|
| |
 |
Education loan portfolio set to grow at 40% (09 July 12:00) |
| NPAs at low levels as job market is buoyant. Kolkata, July 8 Education loan portfolio of banks, which saw a growth of about 30-40 per cent in 2007-08, is set to witness a growth of about 40... |
| |
|
Bond prices fall by Re 1 (09 July 12:00) |
| Bond prices fell by almost a rupee on fears of political instability, as the Left announced it was pulling out of the UPA Government. According to bond dealers, inflation in double digits an... |
| |
|
Centre mulling loan waiver for weavers: Vaghela (09 July 12:00) |
| Hyderabad, July 8 The Union Government is considering a proposal to waive loans worth Rs 800-1,000 crore of handloom weavers, Mr Shankersinh Vaghela, Minister of Textiles, said. It is also c... |
| |
|
‘Caste’ out by banking system (09 July 12:00) |
| Bangalore, July 8 Despite the rise of dalits in the political sphere, their share in the total number of small borrowal accounts and total credit has fallen sharply over the last five years.... |
| |
|
HSBC product for small businesses (09 July 12:00) |
| Mumbai, July 8 HSBC India has launched an online product for SMEs, which offers facilities such as zero balance requirements, free online transactions, free cash withdrawal up to Rs 2 lakh a... |
| |
|
SBI to raise processing fee on loans (09 July 12:00) |
| Mumbai, July 8 As part of its strategy to enhance the non-interest income, State Bank of India plans to increase the processing fee on loans, both for corporate and retail. ... |
| |
|
Max New York entrains Rajdhanis for a brand chug (09 July 12:00) |
| New Delhi, July 8 Ads on trains are catching up. Max New York Life is the latest company to partner Railways to utilise the exterior as well as interior branding opportunities in the Chenna... |
| |
|
Will Reddy do a Volcker? (09 July 12:00) |
| Despite several increases in interest rates and the cash reserve ratio (CRR), inflation hardly shows signs of behaving. It has become the despair of the Government and the Reserve Bank of In... |
| |
|
Rupee likely to be range-bound (09 July 12:00) |
| The rupee continued to move in consonance with the stock markets. It appreciated following the mid-week recovery in stock prices last week. But the return of volatility since this Monday has... |
| |
|
LIC buys Amrutanjan property (09 July 12:00) |
| Life Insurance Corporation has acquired a 7-acre property from Amrutanjan Ltd for Rs 110 crore. According to information provided by Amrutanjan Ltd to the stock exchange, the company has sol... |
| |
|
Banks tapping CD market as CRR hike begins to bite (08 July 12:00) |
| Squeeze on liquidity pushing yields higher. Bangalore, July 7 Banks have begun rushing to the certificates of deposit (CD) market anticipating a further tightening of liquidity ahead of the ... |
| |
|
Fitch assigns ‘investment grade’ rating to many municipalities (08 July 12:00) |
| ‘Ratings could lead to creation of a municipal bond market’. New Delhi, July 7 Municipalities of Greater Mumbai, Navi Mumbai, Kalyan Dombivili, Mira-Bhyandhar, Pune, Thane, Ajmer, Indor... |
| |
|
Rupee closes lower (08 July 12:00) |
|
| |
|
SBI insists on online fund transfer (08 July 12:00) |
| State Bank of India’s main branch in the city informed its customers “Drafts will not be issued today due to technical reasons. Sorry.” When contacted bank officials seemed to have no ... |
| |
|
Corporation Bank deposit scheme (08 July 12:00) |
| Corporation Bank has launched a term deposit scheme — New CorpGain — for a fixed period of 400 days, with an interest rate of 9.60 per cent a year. A bank release said here on Monday tha... |
| |
|
FII flows: Curiouser and curiouser (08 July 12:00) |
| Chennai, July 7 Though the Sensex plummeted by 4,600 points between January and March 2008, FII inflows over this period were just 5 per cent short of inflows between October and December 20... |
| |
|
Satyam, Tyfone partner for m-commerce (08 July 12:00) |
| Hyderabad, July 7 Satyam Computer on Monday announced it has entered into an alliance with Tyfone, a facilitator and provider of technology, financial services, infrastructure and mobile pa... |
| |
|
BoB composite loan factory (08 July 12:00) |
|
| |
|
Pioneer gets nod for MF foray with BoB (08 July 12:00) |
| Mumbai, July 7 Pioneer Global Asset Management SpA has got a no-objection certificate from SEBI to commence mutual fund business. This joint venture of Pioneer Investments and Bank of Baroda... |
| |
|
Bonds fall on profit-taking (08 July 12:00) |
| Bond prices fell in a market that saw subdued volumes, because of profit-taking. After remaining higher in initial trading hours, prices ended lower from the previous close, as there was sel... |
| |
|
Tractor cos relying more on pvt banks, NBFCs to boost sales (07 July 12:00) |
| As public sector banks make lending norms more stringent |
| |
|
Corporates pruning health insurance cover for staff (07 July 12:00) |
| High premium, claims cause for restrictions |
| |
|
Tie-up for emergency roadside assistance (07 July 12:00) |
| Kochi, July 6 The Oriental Insurance Co Ltd and MyTVS has launched a value-added service product called ‘Our Oriental – MyTVS Emergency Roadside Assistance’ in Kerala. Dr A.K. Saxena, ... |
| |
|
Yields set to rise further as market fears more rate hikes (07 July 12:00) |
| Fiscal estimates may slip as inflation control takes precedence |
| |
|
YES Bank hikes rates (07 July 12:00) |
| YES Bank has hiked its PLR by 50 basis points to 16.50 and effected a 25 to 50 basis points hike in its deposit rates across various tenures. The revision is with effect from July 3. A bank ... |
| |
|
‘Shariah banking gaining popularity’ (07 July 12:00) |
| Lack of diversification in the financial system and under or inappropriate regulatory mechanism is exposing Indian financial markets to adverse developments at a global level, according to M... |
| |
|
Dewan Housing lowers growth expectations (06 July 12:00) |
| Pvt housing finance players fear impact of bank interest rate hike |
| |
|
RBI to call meet on derivative issue of Tirupur exporters (06 July 12:00) |
| Coimbatore, July 5 The Governor of the Reserve Bank of India has assured a meet of the banks involved in derivatives contracts with garment exporters of Tirupur and representatives of the e... |
| |
|
Decision on provident fund interest rate deferred (06 July 12:00) |
| New Delhi, July 5 The Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) on Saturday decided that employees working in small establishments having 10 or more... |
| |
|
SBH hikes term deposit rates (06 July 12:00) |
| State Bank of Hyderabad increased interest rates on domestic term deposits with effect from July 5, 2008. According to a release, interest on deposits for 180 days to less than one year now ... |
| |
|
Canara Bank hikes deposit rates (06 July 12:00) |
| Canara Bank has revised the interest rates on domestic term deposits for tenors ranging from 91 days to 5 years and above with effect from July 5. The revised rate for tenors 91 days to 179 ... |
| |
|
KVB raises interest on term deposits (06 July 12:00) |
| Coimbatore, July 5 Karur Vysya Bank has hiked the interest rate on domestic term deposits by 25 to 50 basis points and BPLR (benchmark prime lending rate) by 75 basis points to 14.75 per cen... |
| |
|
Third list of terminated bank agents out (05 July 12:00) |
| More weeding out under way |
| |
|
Forex reserves accretion trickles down; it’s only $656 m in April-June quarter (05 July 12:00) |
|
| |
|
Penal interest waiver for APHB payment defaulters (05 July 12:00) |
| Hyderabad, July 4 The Andhra Pradesh Government has announced a penal interest rebate waiver for those who have defaulted in payment of instalments to the Andhra Pradesh Housing Board (APHB)... |
| |
|
APSFC gives in-principle nod for 50 projects (05 July 12:00) |
| Hyderabad, July 4 The Andhra Pradesh State Financial Corporation (APSFC) has accorded in-principle approval for 50 proposals at a business development campaign for the districts of Hyderabad... |
| |
|
Bond prices sharply down (05 July 12:00) |
|
| |
|
SBI offers cash back on debit cards (05 July 12:00) |
| Mumbai, July 4 State Bank of India has launched a cash back campaign for its debit card holders from July 1 to August 31, said a press release from the bank. During this period, customers of... |
| |
|
Database on non-farm mortgage loans planned (05 July 12:00) |
| Bangalore, July 4 A group of banks have come together for setting up a control registry mechanism that involves creation of a data base on mortgage loans for non-agricultural property.The b... |
| |
|
SBT hikes NRE, FCNR rates (05 July 12:00) |
| State Bank of Travancore (SBT) has hiked the interest rates for NRE and FCNR term deposits with effect from July 1. As per the revision, the interest rate for NRE deposits for a period of on... |
| |
|
LIC Housing to pursue project finance focus (05 July 12:00) |
| Higher NPAs unlikely though most of our loans are to retail segment |
| |
|
In pact to vend MF products (05 July 12:00) |
| Karnataka Bank Ltd has entered into a pact with ICICI Prudential Asset Management Company for distribution of the latter’s mutual fund products. A bank release said here that the memorandu... |
| |
|
Debt relief to farmers (04 July 12:00) |
| State Bank of Indore has provided relief of Rs 345.48 crore to 1,08,598 farmers under the Union Government’s Agriculture Debt Relief and Debt Waiver Scheme, 2008. This was announced by Mr ... |
| |
|
More banks finalise list of farm loan beneficiaries (04 July 12:00) |
| Mangalore, July 3 The Pune-based Bank of Maharashtra has finalised the lists of around 1.38 lakh accounts that are eligible for the Government’s agriculture loan waiver programme. Mr Allen... |
| |
|
Reliance Capital sets up arm for UK operations (04 July 12:00) |
| Kolkata, July 3 Reliance Capital Asset Management Company has set up a wholly owned subsidiary for its UK operations. The subsidiary would start operations after six months, Mr Vikrant Gugan... |
| |
|
Bond prices fall further (04 July 12:00) |
| Bond prices fell by around 20 paise as traders were jittery ahead of the Rs 10,000 crore auction as well as the release of domestic inflation figures on Friday. Total traded volumes on the o... |
| |
|
Bankers brace for further increase in repo rates (04 July 12:00) |
| Liquidity remains tight; inflation fears heightened by oil rise |
| |
|
Global Trade Finance, SBI Factors merger likely (04 July 12:00) |
| Kolkata, July 3 The merger of Global Trade Finance with SBI Factors and Commercial Services could come through soon, Mr D.S. Das, Managing Director and Chief Executive Officer, SBI Factors, ... |
| |
|
‘Strategic alliances will be the order of the day’ (04 July 12:00) |
|
| |
|
Co-op banks identify 6.18 lakh farmers for debt relief (03 July 12:00) |
| Kolkata, July 2 The short-term co-operative credit infrastructure in the State comprising the West Bengal State Co-operative Bank, 17 district central co-operative banks and about 6,000 pri... |
|
