With the looming US economic slowdown forcing an interest rate cut of 0.75% on Tuesday, there is growing speculation that the RBI will do the same shortly.
Section: Money | Thursday, January 24, 2008 3:28 IST
NII for the bank was up 103% for the quarter ended December 31, 2007, to Rs347 crore from Rs171 crore as on December 31, 2006.
Section: Money | Tuesday, January 22, 2008 3:19 IST
Industrial Development Bank of India on Wednesday announced strong third-quarter results, boosted by the sale of shares.
Section: Money | Thursday, January 17, 2008 20:06 IST
LIC Housing Finance plans to raise Rs 300-400 crore in the next two months by issuing fresh shares to select investors.
Section: Money | Thursday, January 17, 2008 4:24 IST
Capital flows should become more promising for smaller microfinance institutions (MFIs), now that they have an investment banker to bank on.
Section: Money | Tuesday, January 15, 2008 3:50 IST
Bank of Baroda has chalked out plans to expand its presence abroad, by opening 10 offices during the year. In Australia, BoB may look at acquiring a local bank there.
Section: Money | Saturday, January 12, 2008 4:14 IST
Buoyed by strong growth this year, Thrissur-based South Indian Bank (SIB) plans to concentrate on growing its fee-based income and low-cost deposits for the next three months.
Section: Money | Friday, January 11, 2008 4:00 IST
Over the next two years, banks’ ratio of bad loans from retail assets is likely to rise to about 4%, from the 2.7% as of March 2007, according to a study from rating firm Crisil.
Section: Money | Wednesday, January 9, 2008 3:45 IST
Mid-sized private sector entity Development Credit Bank plans to raise Rs 400-600 crore through Tier II bonds during the year, to fuel growth and meet other operational requirements.
Section: Money | Tuesday, January 8, 2008 9:41 IST
The good news first: finance minister Palaniappan Chidambaram has directed banks to reduce both the rate at which they give out loans by 50 basis points.
Section: Money | Saturday, January 5, 2008 9:52 IST
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