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Wednesday, May 03, 2006
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MONEY & BANKING

INSIGHT


Do the rich locomote the global economy?
The super-rich have loosened their purse strings. More

FINANCIAL PERFORMANCE


Andhra Bank Q4 net at Rs 139 cr
Eyes equity trading to bolster income More

South Indian Bank net zooms
Declares 18 pc dividend More

HDFC net up 23 pc in Q4
Lower cost-to-income ratio, steady interest spread boost profits More

LIFE INSURANCE


Standard Life stake sale to Citi okayed
The board of directors of Housing Development Finance Corporation Ltd (HDFC) today gave its approval to the UK-based Standard Life group to sell its entire holding in the company to Citigroup Inc. The sale is subject to approval from the ... More

RBI & OTHER CENTRAL BANKS


Hyderabad all set for ADB meet
About 2,500 delegates from 63 countries across the globe would be gathering at Hyderabad on Wednesday for the four-day 39th Annual Meeting of the Board of Governors of Asian Development Bank (ADB). The event brings together senior government ... More

PUBLIC SECTOR BANKS


OBC wants 10-year cap on deposits lifted
The Oriental Bank of Commerce (OBC) has requested the RBI to remove a regulatory lid that forbids it from accepting deposits with a term of more than 10 years. For a bank that is mainly dependent on the Indian market for attracting deposits, ... More

INTEREST RATES


Bank of India, Andhra Bank hike PLR rates
Bank of India and Andhra Bank have both announced a hike of 50 basis points in its Benchmark Prime Lending Rate (BPLR). BOI has hiked its BPLR to 11.25 per cent. Mr K. Ramakrishnan, Chairman and Managing Director, Andhra Bank, said that the ... More

FIXED DEPOSITS


More banks hike NRE deposit rates
Punjab National Bank has increased interest rates on its foreign currency non-resident (banks) deposit scheme from May 1. The increase is applicable in respect of dollar, pound, euro, Australian dollar and Canadian dollar deposits. The bank has ... More
Cross Currency Rates
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RBI Annual Credit Policy 2006-07

Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
Jet Airways gets working on cargo business


Indian stocks `not cheap': DWS

IA plans Rs 300 fuel surcharge soon

Slaughter of the lambs

Standard Life stake sale to Citi okayed

`Consultant for AI-IA merger soon'

`FCI can take delivery of Australian wheat'

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
More

In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
More

Looking back
Apr. 23-Apr. 29
SIDBI, Nabard credit arrangement is `cosmetic tinkering'

`Don't refuse third party motor policies'

Reliance Capital Q4 net rises seven-fold

Canara Bank net rises 21 pc

Govt seeks $1b assistance from ADB, World Bank

KfW to grow India portfolio to 3 b euros

IOB net up 30 pc in Q4

SFCs losing SME assets to banks

Bank of India Q4 net zooms on higher income

More than system inadequacy



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