|
Banks
to go slow on deposit rate cuts
Mumbai: Banks are seemingly going slow on deposit
rate reductions, which everybody thought was a certainty
after the 50 basis point cut in savings account deposits
and a like reduction in the repos rate by the Reserve
Bank of India.
Back
to News Review index page
Exim
Bank to raise $100million at 90 bps above libor
Mumbai: The Export Import Bank of India has hit the
syndication market with a $100 million external commercial
borrowing.
Back
to News Review index page
UTI
Bank makes Rs 164-crore preferential allotment
Mumbai: The board of UTI Bank on Monday cleared a
proposal to issue 3.83 crore new equity shares at Rs 42.75
per share aggregating Rs 164 crore to the Life Insurance
Corporation, Citicorp Banking Corporation, ChrysCapital
LLC and Karur Vysya Bank through the preferential route.
Back
to News Review index page
ADB,
Nabard hold talks for co-operation in rural growth
New Delhi: The Asian Development Bank has for the
first time started formal talks with the National Bank
for Agriculture and Rural Development for taking up rural
development and poverty eleviation in India.
Back
to News Review index page
IDBI
to raise $75 m to pre-pay costly debt
Bangalore: IDBI has hit the global financial markets
to raise $75 million in a bid to shed some of its high-cost
foreign currency and domestic liabilities. Bankers said
here that the five-year loan was being syndicated by Barclays
Bank and the Hong Kong (HSBC). This is the first loan
syndication being undertaking by the IDBI in the current
year.
Back
to News Review index page
HMAStar
switching solution for DCB
Chennai: The Chennai-based retail banking software
solutions company - HMA STARware Ltd (HMAS) has bagged
an order (for building a robust switching infrastructure)
from Development Credit Bank Ltd.
Back
to News Review index page
Standard
assets defined for income recognition — Projects
under implementation
Mumbai: The Reserve Bank of India has told banks that
they can now recognise income on accrual basis in respect
of the three categories of projects under implementation,
which are classified as `standard'.
Back
to News Review index page
SBI
posts rapid growth in DK
Mangalore: State Bank of India has registered a rapid
growth in business in the Dakshina Kannada district over
the past two years. According to the Assistant General
Manager of the bank in Mangalore, K.S. Somayaji, with
14 cent per cent market share in the district despite
having only a 6 per cent share in terms of branch network,
SBI is making `rapid technological forays' and aims to
widen its ATM network.
Back
to News Review index page
SBM
plans new appraisal for farm credit
Bangalore: State Bank of Mysore (SBM) is considering
a new method of appraisal for lending to the agricultural
sector, more on the lines of industrial credit given to
trade and commerce, said SBM Managing Director, M. Sitarama
Murty.
Back
to News Review index page
BoB
launches Super Savings Account
Hyderabad: Following the encouraging response to the
product test-marketed at Bangalore, Vadodara and Jaipur
during the last couple of months, Bank of Baroda has announced
the national launch of its Super Savings Account, a savings
bank account with with value-added propositions here.
Back
to News Review index page
Godrej
& Boyce unveils `Q Band'
Mumbai: Godrej & Boyce's Securities Equipment
Division (SED), engaged in the manufacture of security
equipment, has launched a bank note banding machine, Q
Band.
Back
to News Review index page
IDBI
to revive Binny Asset Sale Committee
this week
Mumbai: The Industrial Development Bank of India,
the nodal agency implementing the draft revival package
of Binny Ltd, has kicked off the process of reconstituting
the Asset Sale Committee to dispose of the nearly 70 acres
of real estate property belonging to the erstwhile southern
textile major.
Back
to News Review index page
|
