Second half saw 51% decline in enivisaged investment.

Fresh investments up by 37% in 2008-09: survey

Business Standard

The private sector has invested Rs 33,161 crore in three southern metros in the last four years, compared with Rs 14,240 crore in other Tier I cities, according to the Associated Chambers of Commerce and Industry (Assocham).

Private sector puts Rs 33161cr in southern metros

Real estate company Shriram Properties, promoted by Chennai-based Shriram Global Entropolis, will invest about Rs 1,400 crore over the next three years in a residential-cum commercial complex at Visakhapatnam.

Shriram Properties to invest Rs 1400cr in Vizag project

SBI pares deposit rates by 25-50 bps; IDBI Bank reduces BPLR by 50 bps.

Two big banks cut rates

Industry captains today urged the Reserve Bank of India (RBI) to take further steps, including a cut in the reverse repo rate, to encourage banks to increase the flow of cheap funds, especially to units battling with a slowdown in demand and cash flow problems.

India Inc asks RBI for cheaper funding

The National Bank for Agriculture and Rural Development (Nabard) has posted a gross surplus of Rs 2,095 crore for 2008-09, as against Rs 1,470 crore in FY08. While its balance sheet grew to Rs 1,18,793 crore at the end of March 2009 from Rs 98,500 crore in the year-ago period.

Nabard ends FY09 with a gross surplus of Rs 2,095 cr

Country&rsquo;s largest commercial vehicle maker Tata Motors, which is seeking a $2 billion term loan for refinancing the bridge loan it took in June last year to acquire Jaguar and Land Rover brands, may not be able to raise the full amount in the US currency due to the global credit crunch.

Tata Motors to raise a third of $2 billion refinancing in rupee

The Reserve Bank of India has prescribed a uniform formula for computing the diminution in fair value of restructured loans.

RBI prescribes formula for restructured loans

IDBI Bank is planning to raise capital worth Rs 5,000 crore through senior, upper and lower Tier II bonds in 2009-10 to shore up its capital adequacy ratio for supporting business growth.

IDBI Bank plans to raise Rs 5,000 cr

The banking sector, which had seen good set of numbers in the third quarter, is likely to report subdued earnings in the fourth quarter of 2008-09 due to slowdown in credit growth and pressure on interest margins, analysts say.

Q4 earnings for banking sector to be muted: experts

Press Trust of India

The Adjusted Premium Equivalent (APE) grew by 23 per cent from Rs 1,051.67 crore in the year 2007-08 to Rs 1,292.98 crore for the year 2008-09, Kotak Life Insurance said in a statement.

Kotak Life logs 39% premium growth in FY09

According to the latest data released by the Reserve Bank of India (RBI) today, incremental credit flow to the commercial sector was estimated at Rs 4,34,406 crore as against Rs 4,31,296 crore a year ago. The outstanding amount was estimated at Rs 30,09,987 crore as of March 27, 2009 (the last fortnight of FY09), as against Rs 25,77,137 crore a year ago.

Commercial credit growth slows down to five-year low

India&rsquo;s foreign exchange reserves increased $2.8 billion to $255.16 billion for the week ended April 10 largely due to increased participation from foreign institutional investors (FII) and revaluation of currencies against the dollar.

Forex reserves rise $2.8 billion

In what would provide a major relief to banks who are plagued with fears of rising defaults and bad debt, the Bombay High Court has ruled that the decision of a bank in assessing a debt as bad is the final word for writing it off and claiming deduction on income tax (I-T).

Lenders to have final say in NPA classification: HC

Public sector lender Punjab National Bank (PNB) has expanded its international operations with the opening of a new branch in Hong Kong, its Chairman and Managing Director K C Chakrabarty said here today.

PNB opens branch in Hong Kong

State Bank of India, the country&rsquo;s largest lender, today decided to freeze interest rates on certain term loans and working capital for small and medium enterprises (SMEs) at 8 per cent.

SBI freezes rates at 8% for small, medium firms

The dollar posted its biggest weekly gain versus the euro in more than two months on optimism that the worst of the financial crisis in the US is over.

Dollar sees biggest weekly gain in 2 months

Goldman Sachs Group Inc, by selling stock to help it repay $10 billion to the US Treasury, might pressure competitors to follow suit or appear dependent on government support, analysts said.

Goldman&#39;s Treasury payback may pressure banks

Public sector IDBI Bank today said it will start operations in Dubai, Singapore and Beijing to establish its presence abroad and facilitate Indian corporates raise overseas funds.

IDBI Bank to foray overseas

The National Bank for Agriculture and Rural Development (Nabard) has extended assistance to the tune of Rs 8,188 crore to Punjab, Haryana and Chandigarh during 2008-09, implying a growth of 32 per cent over the previous year.

Nabard aid to Punjab, Haryana, Chandigarh up 32%

The public sector Union Bank of India has projected a business growth of 30 per cent in Orissa in the current fiscal. It aims to achieve Rs 5425 crore business in the state this year. The bank achieved 27.81 percent growth in business in the last fiscal.

Union Bank targets Rs 5425 crore in Orissa in 2009-10

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

Page 2879 - Finance News