Crisil Lowers Tata Engg Ncd To Aa

Business Standard

Lic Gives Quake Victims The Jitters

Rs 800 Crore Worth Bad Debt Recovered Till January 2001

11 Top Slots To Fall Vacant Over 12 Months

Rupee Expected In 46.5-46.7 Range

Calls May Ease To 7.5-8% Level

Gilts Seen Ranged

Three Uwb Directors Quit Over Esop Row

Icici To Divest 15% Stake In Bank

Call Money Rates Ease Off, Government Securities Move Up

Nhb In Pact With Canfin Homes

Uti Global Bank Risk Firm To Focus On Life Business

Rupee Dips, Rate Cut Rumours Push Forwards Up

Hsbc Inks Interest-Rate Swap Deals

Fis Rebut Claims Of Interest Tax

As the final instalment of corporate advance tax is due on March 15, the Street expects the liquidity deficit to worsen

RBI to infuse Rs 10,000-crore liquidity via OMO route

BS Reporter

Chennai-based Murugappa Group said it was interested in applying for a banking licence. But, it will examine the guidelines of the Reserve Bank of India, weigh the pros and cons, and then take a decision whether to apply for a banking licence. "The guidelines have come. Obviously, no individual can take a decision; it has to go to the board. We have to evaluate whether this is good or bad, then only will we come to a view," said N Srinivasan, director (finance)."I believe it is good to become a bank and therefore we will apply - we cannot go just like that," added Srinivasan.Murugappa Group, founded in 1900, has as many as 28 businesses such as engineering, abrasives, finance, general insurance, cycles, sugar, farm inputs, fertiliser, plantations, bio-products and nutraceuticals, among others. It has manufacturing facilities in 13 states.The group's non-banking financial company, Cholamandalam Investment and Finance Company Ltd, increased its profit to Rs 81.51 crore during the third q

Murugappa Group to examine RBI's guidelines

Prospective banking entrants are likely to face human resource challenges in implementing the Reserve Bank of India's (RBI) directive on having 25 per cent of their branches in unbanked rural centres. According to experts and bankers, many new lenders might have a problem funding sufficient skilled personnel to work in such branches.Unbanked rural centres are places with a population up to 9,999, according to the latest Census."It is the operational bankers (for branches, especially rural) which will be of great demand. State Bank of India and other top five public sector banks, including Bank of Baroda and Union Bank will be the ground to hunt talent," said A K Khandelwal, ex-chairman and managing director, Bank of Baroda, and author of a report on human resource issues on public sector banks.He added a good number of experienced people at the middle level (assistant general managers, etc) in public sector banks will move to new private banks. Better compensation and recognition of ex

New entrants may face hurdle to man branches in unbanked areas

Aims to raise Rs 3,004 cr as part of the capital infusion plan for this fiscal

SBI fixes share issue price at Rs 2,312

Press Trust of India

To let Reserve Bank of India (RBI) focus on regulation, the union cabinet today approved the transfer of Reserve Bank shareholding in State Bank of India (SBI) to the government by June 2007

Govt to buy 59% SBI stake from RBI

Foreign exchange reserves increased $924 million to $179.052 billion during the week ended January 26, according to the weekly supplement released by the Reserve Bank of India (RBI) on Friday

Forex reserves up $924mn at $179bn

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