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Canara
Bank earmarks Rs 1,000 cr for housing
Mumbai: Canara Bank has built a retail portfolio
of Rs 4,200 crore, which is around 12 per cent of its
total loan assets, the bank's Chairman and Managing Director
R V Shastri said on Monday. Of this, the bank has earmarked
more than Rs 1,000 crore for the housing sector.
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IDBI
raises Rs 415 crore through Flexibonds
Mumbai: The Industrial Development Bank of India
(IDBI) has garnered Rs 415 crore through the 15th issue
of Flexibonds which concluded on November 2. This is Rs
115 crore more than the issue size of Rs 300 crore, which
had a greenshoe option of Rs 300 crore.
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Nabard
may cut rate on capital gains bonds by 50 bps to 6.50%
Mumbai: The National Bank for Agricultural and
Rural Development is likely to reduce its interest rate
on its capital gains bonds by 50 basis points to 6.50
per cent from the current level of seven per cent.
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KRC
Bonds get Crisil’s highest safety rating
Mumbai: The Credit Rating and Information Services
of India has assigned ‘AAA(so)’ ratings to Konkan
Railway Corporation Ltd’s Rs 114-crore tax-free bonds
and Rs 139-crore taxable bond programmes.
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PNB
to slash lending rates from December
New Delhi: Punjab National Bank has decided to
reduce lending rates to industry and agriculture by 0.25
to 4.25 per cent from December in line with the bank rate
cut by the Reserve Bank of India in the October fiscal
and monetary policy.
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Icra
puts Centurion Bank’s CDs under rating watch
New Delhi: Icra on Monday stressed on capital infusion
from stakeholders in Centurion Bank or its merger with
a profitable bank while putting the Rs 300 crore Certificate
of Deposits under ’rating watch’.
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StanChart's
BPO unit to hire more for Chennai hub
Chennai: Scope International, flagship of Standard
Chartered Bank's $100-m business process outsourcing initiative,
is expanding its Chennai hub to over 4,500 employees by
December '03.
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G-sec
yield fall adds to insurers' woes
Bangalore: The drop in Government security yields
could not have come at a worse time for general insurance
companies in the country. This fall in yields, industry
sources said, had translated into a fall in incremental
investment incomes for four public companies.
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Lord
Krishna Bank H1 net up 11 pc
Kochi: The net profit of Lord Krishna Bank has
grown by 11 per cent to Rs 9.19 crore (Rs 8.25 crore)
during the first half of the current year. Total deposits
of the bank also rose by 11 per cent to Rs 1,449 crore
(Rs 1,304 crore).
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SBH
cuts loan rates to SHGs
Hyderabad: State Bank of Hyderabad (SBH) has announced
a reduction in interest rates on advances sanctioned to
the self-help groups (SHGs) by 50 basis points. The rate
was reduced to ten per cent from the existing level of
10.5 per cent.
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SBM
reduces deposit rates
Bangalore: State Bank of Mysore (SBM) has revised
its deposit rates across all maturities in line with the
rest of the banking sector. A bank release said here that
the time deposit rates for the short term up to 14 days
maturity has been fixed at 4.75 per cent (5 per cent).
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