Financial Daily from THE HINDU group of publications
Tuesday, January 24, 2006
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Financial Daily from THE HINDU group of publications Tuesday, January 24, 2006 |
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MONEY & BANKING INSIGHT No-frills account — Instrument to combat credit rationing Credit rationing denotes a situation where a large section of loan applicants do not get the loans they seek. This has serious implications for a developing economy like India. The proposed no-frills account is a win-win opportunity for banks to cate r to such a segment and attract profitable customers as part of their unsecured campaign. More
FOREX Rupee firms up; securities flat MUMBAI: The rupee moved up against the dollar in tandem with the appreciation of the euro against the greenback but by the end of the session lost most of its gains. The domestic currency opened Monday's trade at 44.08 but fell during ... More CREDIT POLICY Expect status quo in credit policy review LAST week, Dr Y.V. Reddy, RBI Governor, said that the central bank can sometimes lead and sometimes follow commercial banks with regard to interest rate increases. He was commenting about the pre-emptive hikes in interest rates by some banks, ... More FINANCIAL PERFORMANCE 
Canara Bank Q3 net rises 30 per cent — `Provisioning lowered profits'CANARA Bank has reported a 30 per cent increase in net profit during the third quarter (Q3) of this financial year. The bank reported a net profit of Rs 356.29 crore during the quarter, up from Rs 273.98 crore in the same period last year. ... More
State Bank of Mysore third quarter net up 15 per cent at Rs 40 cr HOUSING FINANCE SBI launches new home loan product THE SBI has introduced a new home loan, christened SBI Freedom, which will be of great use to the high net worth individuals, the NRIs and software professionals, according to Mr P. Jagadish Babu, the General Manager, Hyderabad. At a function ... More LIFE INSURANCE Shriram Life begins operations in Kochi KOCHI: Shriram Life Insurance has formally launched its operations in Kerala here on Monday with its new products such as Endowment Plan (Shri Life), Double Endowment Plan (Sri Raksha) and Money Back Plan (Sri Nidhi). Addressing a press ... More
Tata AIG, ICICI Lombard to launch domestic travel cover FINANCIAL MARKETS `IMD redemption triggered liquidity pressure' THE recent tightening of liquidity in the banking system was due to currency demand in the festival season, scheduled auctions, advance tax outflows and redemption of India Millennium Deposits (IMDs) amidst a sustained growth in credit demand, ... More RBI & OTHER CENTRAL BANKS Inflation outlook uncertain on rising oil prices: RBI AS global crude oil price increases are here to stay the outlook for inflation remains uncertain, said the Reserve Bank of India in its Macroeconomic and Monetary Developments for the third quarter. In India, inflation and inflationary ... More PUBLIC SECTOR BANKS Bank of Baroda fixes Rs 230 a share BANK of Baroda (BoB) has fixed the price for its public offer at Rs 230 a share. At this price, BoB would be able to raise Rs 1,633 crore for its issue of 7. 1 crore shares. BoB's price band was Rs 210 to Rs 230. The BoB issue was ... More
Andhra Bank's issue subscribed 11 times
Nagarjuna bags SBI order CO-OPERATIVES TN co-op bank employees seek early finalisation of wage revision THE Tamil Nadu Cooperative Bank Employees Association (TNCBEA) is planning a strike action by February 1, if its demand on wage revision orders were not realised before the end of this month. The employees observed a day's dharna on Monday ... More ECONOMIC OFFENCES RBI fines 7 banks for IPO irregularity THE Reserve Bank of India has fined seven banks for violation of RBI regulations and IPO finance irregularity. These banks are Bharat Overseas (Rs 20 lakh); Citibank (Rs 5 lakh); HDFC Bank (Rs 5 lakh); ICICI Bank (Rs 5 lakh); IOB (Rs 15 lakh); ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jan. 15-Jan. 21 IMD funds from Gulf may move into mutual funds US-Iran stand-off, credit demand impact liquidity `Derivatives segment growing fast' Talks on renewal of treaties hit rough patch — No discounts, say reinsurers Committee asks SEBI to place depositories, DPs on high alert — Bank of Baroda, Andhra Bank follow-on offers `RTGS transactions to be free only till March 31' Indian holdings of US treasuries up $400 m in Nov Bank credit rises by Rs 20,771 cr Banks turn to Nabard, SIDBI, NHB for funds Forex reserves up $158 million |
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