Page 3156 - Finance News
Commercial banks falter in advancing crop loans
Punjab & Sind bank, State Bank of Mysore, State Bank of Travancore and ING Vysya bank have failed to open their accounts
Karnataka Bank cuts lending rate by 0.25%
The Bank's base rate now stands reduced to 10.75% from the earlier 11%
Credit growth 16.21% in line with RBI's revised projection of 16%
Deposit growth sluggish at 13.74% below RBIs projection of 15%
Banks need not report attempted frauds of above Rs 1 cr to RBI
However, the banks should continue to place the individual cases involving Rs 1 crore and above
Lower deposit rate and pass the benefit to borrowers: FM to banks
Chidambaram also asks these not to rush for bulk deposits to bloat balance sheets
70% loss cover would have wiped out PSBs' profits
Provision coverage ratio is the ratio of provision to gross non-performing assets
October inflation beyond comfort zone, says RBI
The gross NPAs of some public sector banks had crossed four per cent of their total assets at the end of September
Rupee tumbles 26 paise to 54.96/dollar
Increased demand for dollar from importers, weakening of Asian currencies in overseas markets put pressure on rupee
Cooperatives are model for inclusive growth: D Subbarao
Weak finances, growing NPAs, poor resourse base factors contributing to declining performance of cooperatives at bottom level
No new banking licences without legal backing: Subbarao
Yesterday, Chidambaram had said he had asked RBI to finalise the guidelines for new bank licences
'Casino banking' can put us in danger: Subbarao
Recent financial crisis underscored the dangers of over-financialisation of the real economy
Governance in coop banks lack professionalism: Subbarao
RBI Governor says boards of the cooperative banks need to restrict their role to governance and let the senior management manage the day-to-day operations
16 Indian-origin execs on Goldman Sachs MDs list
US financial services giant also names 70 individuals as partners, 3 with Indian roots
'New bank licences 8-9 months after enabling legislation'
RBI said a panel would be set up to vet the applications of prospective entrants
Bond street warms up after a 6-month lull
OBC, Syndicate Bank plan to raise Rs 2.5k cr from private placement
Re may weaken further, gilt yields to trade in a range
Strong demand from importers, weak equities see slide in Indian currency
Rupee worst performer globally during one-month period
As against the US dollar, the rupee has sharply fallen from 52.88 levels one month ago to 55.16 on Friday, marking a drop of over 4.2%