Attractive valuations of small- and mid-cap stocks compared with their large-cap counterparts have led fund houses to float a slew of schemes dedicated to these two segments.<BR>


Small, mid-cap funds galore on better valuation

Business Standard

Indian and foreign bankers are expecting the Reserve Bank to raise repo and reverse repo rates by 25 to 50 basis points each.


RBI may hike repo, reverse repo rates

The State Bank of Travancore (SBT) has launched a new deposit scheme incorporating distinct benefits and higher rate of interest. The new scheme will be christened the SBT 2007 Special. 


SBT's new deposit scheme

The Reserve Bank may have to do a tightrope walk on January 31 review of the monetary policy to ensure that buoyancy in economy continues and prices are kept under check, industry body CII said. 


'Balancing act needed'

The Kerala-based Catholic Syrian Bank is in the process of seeking the Reserve Bank of Indias (RBI) permission to sell a 15 per cent stake in the bank to AIF Capital Development, a

Catholic Syrian to seek RBI nod for stake sale

The rupee advanced for a second day on optimism global funds will increase purchases of the nations stocks to benefit from record earnings.


Rupee rises on heavy foreign inflows

The 10-year bonds fell, sending yields to near the highest in five months, on forecasts the central bank will increase interest rates this week to curb inflation stoked by record economic growth.


Bonds plunge on rate hike fears

A new wave of e-trading in partnerships with private broking houses is getting popular with banks in recent times. 


Banks, brokerages team up to ride online trading wave

The use of business intelligence (BI) solutions to determine general and life insurance policies can result in 10-15 per cent improvement in the bottom line of the insurance companies, said a board

Business intelligence tools catching up with insurance sector

T Rowe Price, one of the worlds largest investment management companies, plans to enter the mutual fund business in the country. 


T Rowe Price weighs AMC debut

Andhra Bank posted a marginal 5.75 per cent rise in net profit at Rs 136.28 crore for the quarter ended December 2006, against Rs 128.86 crore recorded during the corresponding period of the previous

Andhra Bank net up 5.75 %

Zurich-based UBS, which acquired Standard Chartered Banks asset management business in the country, is now likely to enter the domestic private banking. 


UBS now hot on banking

Currency market disagrees; rupee drops to low of 55.15 versus dollar but recovers on close

Moody's thumbs-up to Budget fiscal plan

BS Reporter

Tells banks it is not an obligation and asks them to open at least 25% branches in villages

Financial inclusion plan key for bank licences: D Subbarao

The urban housing fund that Finance Minister P Chidambaram announced in the Budget is expected to start functioning in a month. He had proposed to allocate Rs 2,000 crore to the National Housing Bank (NHB) for starting it. R V Verma, chairman, said  the fund would be used to refinance banks and housing finance companies for loans given to borrowers in the lower- and middle-income segment."This is essentially for affordable housing projects," he said. Loans up to Rs 10 lakh are proposed to be refinanced under the scheme. But, the final details will be worked out after consulting the Reserve Bank of India, he added.NHB expects this to incentivise builders to come up with affordable housing projects for the lower income group. Verma said the affordable housing segment is already picking up and the fund could further improve prospects for the sector.KPMG, in a December 2012 report, noted: "Affordable housing development continues to be a challenging proposition for developers and further p

Urban housing fund expected to go live in a month

There is a need to design credible fiscal consolidation plans and coordination strategies to ensure an appropriate fiscal-monetary mix. This will facilitate attainment of the growth target and more headroom for monetary policy to address macroeconomic goals, according to a Reserve Bank of India (RBI) report."Among the prominent post-crisis challenges is the need to insulate the financial sector from negative feedback from sovereign debt-related concerns, as also to minimise the fiscal burden on monetary policy. With the inability of governments to stabilise debt levels or even finance deficits at reasonable interest rates, monetary policy is confronting a new phase of fiscal dominance," the report on currency and finance 2009-12, released today, said.According to the report, some valuable lessons for fiscal-monetary coordination have emerged from the recent crisis. The crisis highlighted the inadequacy of macroeconomic stability in ensuring financial stability. Financial stability has,

Credible fiscal consolidation plans required: RBI

National Bank for Agriculture and Rural Development (Nabard) has estimated the prioritised resource requirement for critical infrastructure needs at Rs 8,098.19 crore for Karnataka during the 12th Plan period. Nabard has adopted the theme "Critical Rural Infrastructure for agriculture and rural development" for 2013-14.

Nabard estimates Rs 8,098 cr for critical infra in Karnataka

Being optimistic, strategists at Deutsche Bank expect the reforms momentum started in September 12 to continue. They expect Reserve Bank of India to now step in and provide further growth momentum.

Deutsche Bank expects additional rate cut of 75 bps in 2013

HDFC, the largest mortgage lender, has taken the lead in cutting home loan rates. HDFC has cut its retail prime lending rate (RPLR) by 25 basis points to 13.75 per cent from today.<BR><BR>While its

HDFC kicks off rate cut

Due to pressure on its net interest income, United Bank of India posted only a marginal rise of 7.08 per cent in net profit to Rs 74.70 crore for the third quarter ended December 31, 2007, compared

UBI profit flat on low net interest income

Following a robust growth in fee income, Jammu &amp; Kashmir Bank (J&amp;K Bank) has reported a 30 per cent rise in net profit for the quarter-ended December 31, 2007. 


J&K Bank net up 30% on fee income

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 1846 - Finance News