The National Bank for Agriculture and Rural Development (Nabard) has projected a credit potential of Rs 49,960 crore for farm and non-farm sectors in Andhra Pradesh for the ensuing financial year 2009-10. This is a growth of 17.7 per cent over the current year, said Nabard chairman Umesh Chandra Sarangi.

Nabard projects Rs 49,960 cr credit potential for Andhra

Business Standard

India Inc preferred the debt route in the first three quarters of the financial year 2008-09. According to figures from Prime Database, debt private placements rose 46 per cent, as compared with the corresponding period in FY08. A total of 126 companies raised funds via this route.

Debt private placement rises 46% in first three quarters

Reserve Bank of India Governor D Subbarao today said that there is room to cut interest rates further.

Room for more rate cut: RBI

The one-day strike called by officers and other employees of Reserve Bank of India on Friday may disrupt normal functioning, including its payment and settlement system, the central bank said on Wednesday.

Complete transactions before strike

Lack of easy financing options for rural people in central Uttar Pradesh has affected the growth plans of various auto components and vehicle manufacturers in and around Kanpur. More than 50 small- and medium-scale automotive parts manufacturers in the city have been facing troubles in finding buyers for their products, as the export market has already dried up due to the global economic downturn.

Finance woes stifle rural auto sales

After remaining weak for three straight days, the Indian rupee appreciated marginally against the US currency in early trade today as banks and exporters sold dollars at higher levels.

Re marginally up against $

Press Trust of India

Government today said that ever since it launched the agriculture loan waiver scheme, bank advances have gone up while net non-performing assets (NPAs) of banks have come down to one per cent.

Bank advances up after farm loan waiver: govt

Moody&rsquo;s Economy.com today said the Reserve Bank of India (RBI) could cut interest rates next week as high fiscal deficit was limiting the Centre&rsquo;s ability to step up spending and boost economic activity.

RBI may cut rates next week: Moody's arm

The country's largest private sector lender, ICICI Bank, sees further softening of interest rates with inflation sliding to a 14-month low of 3.92 per cent.

ICICI sees further cut in interest rates as inflation slides

Normal operations, including payment and settlement activities in the Reserve Bank of India (RBI), are likely to be affected tomorrow with its employee unions going on one-day strike to press their demands on pension.

RBI employees on strike tomorrow

The Insurance Regulatory and Development Authority (IRDA) is all set to come out with merger and acquisition (M&amp;A) norms by the end of next month that would facilitate consolidations in the sector.

M&A guidelines for insurance sector by March end

Admitting to helping Americans taxpayers to hide accounts, the Swiss banking major UBS has agreed to pay $780 million in fines and penalties to the US government.

UBS to pay $780 mn fine to US govt in tax case

Issue tied in with review of foreign bank operations in India.

RBI to revive 'holding company' proposal

Weighed down by mounting outstandings and non-performing assets (NPAs), credit card companies are taking strong measures that include slashing new card issuances and credit limits for existing customers.

NPA-wary credit card firms get tough

Moody&rsquo;s Economy.com today said the Reserve Bank of India (RBI) could cut interest rates next week as the high fiscal deficit was limiting the Centre&rsquo;s ability to step up spending and boost economic activity.

RBI may cut rates next week, says Moody&#39;s arm

Indian banks have enough liquidity and the industry is not facing any credit squeeze contrary to the general perception, said the chairman and managing director of Allahabad Bank.

Indian banks have enough liquidity: K R Kamath

Will pay $780 million penalty to the US Justice Department.

Swiss bank UBS to disclose secret account details

President Barack Obama offered $75 billion of relief on Wednesday to homeowners facing foreclosure. He also gave bankers a reprieve.

Obama's $75 bn plan spells relief for bankers

BNP Paribas SA, France&rsquo;s largest bank, said its corporate and investment banking unit had a &ldquo;very good performance&rdquo; in January, after the division led the company to a loss in the fourth quarter.

BNP Paribas had 'very good' Jan

The Indian rupee fell by 19 paise against the US currency in early trade today in line with weak trend in Asian equities raising concerns of capital outflows by funds from the domestic stock markets.

Re sheds 19 paise vs $ in early trade

India&rsquo;s foreign exchange reserve dipped by $1.84 billion to $249.70 billion in the week ended February 13, 2009 mainly on account of the revaluation in the foreign currency assets.

Forex reserves dip by $1.84 bn

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

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