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Articles 121 through 220 of 500:
- Rbi To Issue Norms For Fdi, Fii Stake In Commodity Bourses Soon (Pioneer, Correspondent or Reporter, Jun 08, 2007)
The Reserve Bank of India is likely to issue the guidelines for allowing foreign investors pick up stake in the country's commodity exchanges within a fortnight, a top government official said on Thursday.
- Icici To Sell 5% In Arcil To First Rand Of S Africa (Singapore Times, Correspondent or Reporter, Jun 07, 2007)
ICICI Bank will sell 5% of its equity stake in Asset Reconstruction Company of India (Arcil) to an African bank, First Rand Bank, for little less than Rs 40 crore. Arcil deals in bad loans, and the development reflects a growing interest among . . .
- The Fall From Favour Of Preference Shares (Business Line, Editorial, Business Line, Jun 07, 2007)
A recent amendment treats all preference shares issued to non-residents, other than compulsorily convertible preference shares, as "loan" which requires conformity with the ECB guidelines.
- India's Biggest Ipo Fully Covered As Investors Show Keen Interest (Singapore Times, Correspondent or Reporter, Jun 04, 2007)
The order book for India's biggest ever IPO, a $2.4 billion issue by developer DLF Ltd, is fully covered just days into a two-week global roadshow, a source close to the deal said yesterday.
- Sensex Up 110 Pts (Pioneer, Correspondent or Reporter, May 30, 2007)
Strong bullish sentiment on Dalal Street helped Sensex close past the 14,500 mark, its fifth highest close on Tuesday.
- Sensex Hits Fifth Highest Close, Re Fresh 9-Year Peak (Indian Express, Correspondent or Reporter, May 30, 2007)
The stock markets today gained ground on the back of a broad-based rally with the benchmark Sensex rising past the 14,500 mark to its fifth highest close.
- Bharti, Icici, Sbi Lead Market Fall (Singapore Times, Correspondent or Reporter, May 26, 2007)
In the backdrop of weak global cues, India’s key equity indices too moved lower today. Index heavyweights Bharti Airtel, ICICI Bank and State Bank of India led the fall.
- It Spend By Large Cos May Rise 26% (Deccan Herald, Correspondent or Reporter, May 23, 2007)
The fact that more than half the top 50 spenders on IT during 2006-07 were PSUs breaks the myth that modernisation processes such as automation and IT deployment can take place only after privatisation.
- Barclays Trades On Football Link In Indian Retail Launch (Times Online (UK), Correspondent or Reporter, May 18, 2007)
Barclays launched itself into India’s retail banking sector yesterday on the back of a $70 million three-year plan to become one of the leading foreign banks in the country.
- Real-Estate Market Sees A Sharp Decline (Hindustan Times, Correspondent or Reporter, May 18, 2007)
India’s once-buoyant real-estate market has gone into a deep freeze with more than a 50 per cent drop in actual transactions over the last two months, developers and real-estate analysts have said.
- Sensex Gains As Bank Scrips Surge (Deccan Herald, Correspondent or Reporter, May 17, 2007)
The Bombay Stock Exchange benchmark Sensex on Wednesday closed above 14,000 mark after a gap of 8 sessions at 14,127.31 points on late buying support and was up by a whopping 198 points, led by a sharp rally in banking shares and also firm Asian cues.
- Unshackle Fully Sbi's Associate Banks (The Economic Times, Editorial, Economic Times, May 17, 2007)
The passage of the State Bank of India (Subsidiary Bank Laws) Amendment Bill clears the way for the seven subsidiary banks to emerge from the shadow of Big Brother SBI. For too long have these banks played second fiddle to SBI, compounded by . . .
- Sensex Holds 14k (Pioneer, Correspondent or Reporter, May 17, 2007)
Bulls, on the back of splendid rally by RIL, Larsen & Toubro, Hindustan Lever, Bharti Airtel and HDFC, lifted the Sensex by 197.98 points at 14,127.31. Nifty also gained 50.65 points and closed at 4170.95.
- Sbi Gets Nod To Reduce Stake In Subsidiaries (Hindu, Correspondent or Reporter, May 16, 2007)
Govt. to retain 51 p.c. in PSU banks: FM tells Lok Sabha
SBI group requires capital infusion of Rs. 3,161 cr.
SBI amendment Bill permits subsidiaries to raise capital
- Manmohan Singh Has Assets Worth Rs. 3.96 Crore (Hindu, Correspondent or Reporter, May 16, 2007)
Prime Minister Manmohan Singh, who is seeking re-election to the Rajya Sabha from Assam for the fourth consecutive term, has declared moveable and immovable assets to the tune of Rs. 3.96 crore including bank deposits and two houses.
- Sbi To Cut Stake In Subsidiaries (Asian Age, Correspondent or Reporter, May 16, 2007)
The Lok Sabha on Tuesday passed a bill allowing the State Bank of India (SBI) to reduce its holding in its seven subsidiary banks to 51 per cent, from the existing 55 per cent.
- As Sensex Soars 170 Pts, Sun Tv Scrip Plunges 4% (Indian Express, Correspondent or Reporter, May 15, 2007)
Dalal Street surged on Monday, thanks to firm global markets and strong results announced by the corporate sector, especially State Bank of India (SBI). Though the Sensex rallied by 170 points, Sun TV, controlled by former communication minister . . .
- Sensex Shoots Up On Sbi Results (Deccan Herald, Correspondent or Reporter, May 15, 2007)
The benchmark Sensex shot up by 170 points on the back of firm global cues, coupled with strong Q4 results announced by the country’s largest lender State Bank of India.
- Pm Assets In Crores, Also Owns A Maruti (Asian Age, Manoj Anand, May 15, 2007)
Prime Minister Manmohan Singh has a term deposit in the State Bank of India’s Central Secretariat branch in New Delhi worth Rs 1,35,00,000 which, on maturity in 2010, will become Rs 1,77,61,438.
- Sensex Surges 170 Points (Pioneer, Correspondent or Reporter, May 15, 2007)
Bulls, inspired by impressive quarterly results from banking sector heavyweight State Bank of India and support from strong global markets lifted the Sensex by nearly 170 points on Monday.
- Sbi Mf To Launch Two Debt Funds Soon, Aims At 8 % Market Share (Pioneer, Correspondent or Reporter, May 14, 2007)
Aiming to increase its market share to eight per cent, SBI Mutual Fund is planning to float slew of schemes, including a capital protection fund, during the current financial year.
- Sbi Mf To Raise Rs 1,800 Cr From Sbi Infra Fund (Pioneer, Correspondent or Reporter, May 12, 2007)
SBI Mutual Fund said it aims to raise over Rs 1,800 crore from its close-ended SBI Infrastructure Fund, which opened for subscription on Friday.
- Govt Exits Maruti, Lic Now Second Biggest Stakeholder (Indian Express, Correspondent or Reporter, May 11, 2007)
The government today exited the country’s largest car maker Maruti Udyog Ltd (MUL), selling its residual stake for Rs 2,360 crore to a clutch of financial institutions led by Life Insurance Corporation (LIC).
- Government Exits Maruti Udyog (Hindu, Correspondent or Reporter, May 11, 2007)
Residual stake fetches Rs. 2,360 cr.; LIC emerges second largest shareholder.
- Lic-Led Fi Consortia Lift The Maruti Stake (Deccan Herald, Correspondent or Reporter, May 11, 2007)
The government has sold all its shares in Maruti at an average price of Rs 797 a share to raise Rs 2,360 crore.
- Rbi Tells Banks To Keep Loan Rates Reasonable (Business Line, Correspondent or Reporter, May 08, 2007)
Deposit rates may be pruned to protect margins
Note of caution
Banks have to go by several guidelines on small value loans
Interest charged should incorporate risk premium as considered reasonable to internal rating of borrower
- Jailhouse Talk: A Fate Worse Than Debt (Hindu, P. SAINATH, May 05, 2007)
After a lull of some years, farmers are being jailed for debt in Andhra Pradesh. Even those in drought-hit districts who cannot repay their loans.
- Pakistan, India To Open Bank Branches (Dawn, Correspondent or Reporter, May 05, 2007)
An understanding has been reached between the Reserve Bank of India and the State Bank of Pakistan to grant permission for opening two bank branches in each other’s country on a reciprocal basis.
- Financial Inclusion — Banking On A Rural Shift (Business Line, C. J. Punnathara, May 04, 2007)
Bank branches in rural pockets are attracting growing business volumes. And the nationalised banks should get cracking if they are not to lose the first-mover advantage.
- Wake-Up Call (Asian Age, Editorial, The Asian Age, May 01, 2007)
Reserve Bank of India governor, Dr Y.V. Reddy, in his credit policy announcement on Tuesday sounded a wake-up call about the economy possibly tripping over a huge iceberg called infrastructure bottleneck.
- Sensex Declines Further (Hindu, Correspondent or Reporter, May 01, 2007)
The Sensex ended in the negative territory on Monday on weak global cues as well as the disappointing results and equity dilution plans by ICICI Bank.
- Is Bigger Better ? (Indian Express, Editorial, Indian Express, Apr 23, 2007)
At around $780 billion, India’s GDP (gross domestic product) is comparable to that of South Korea, yet Korean banks have seven times more banking assets than Indian banks.
- Handling The Heights (Indian Express, GAUTAM CHIKERMANE, Apr 23, 2007)
At around $600 billion or Rs 27,46,200 crore, the total banking assets in India are about the same as the world’s 25th largest bank, the Rabobank Group. India’s biggest bank, State Bank of India (SBI), has assets of $107 billion.
- Banks Must Raise Rs 45,521 Cr From Capital Market: Rbi (Business Line, Sarbajeet K. Sen, Apr 19, 2007)
Leading public and private sector banks would have to increase their Tier-I capital by about Rs 51,255 crore within March 31, 2009, including raising Rs 45,521 crore from the capital market to meet the Basel-II requirements on minimum capital . . . .
- Freedom Fighter Served With Foreigners' Notice (New Indian Express, Correspondent or Reporter, Apr 18, 2007)
The police has served a foreigners' notice, usually sent to people of doubtful nationality, to an octogenarian freedom fighter and Indian passport holder of Assam's Kokrajhar district.
- Air Sahara To Be Jetlite; Jet To Raise $400m (Asian Age, Correspondent or Reporter, Apr 17, 2007)
Jet Airways chairman Naresh Goyal said on Monday Air Sahara and Jet Airways will operate as separate entities and there are no plans to merge the two.
- Ongc Looking For Sops For Kakinada Refinery (The Financial Express, Correspondent or Reporter, Apr 17, 2007)
Oil and Natural Gas Corp (ONGC) will seek concessions from Andhra Pradesh government for setting up a 4.5-billion dollar refinery at Kakinada and may launch an initial public offer (IPO) of the refinery company to part finance the 15 million ton plant.
- Saving Private Banks With 50% Net (The Economic Times, Correspondent or Reporter, Apr 13, 2007)
The net interest income (NII) of private banks for the January-March quarter is seen rising 40-50% and in case of public sector banks, the increase is likely to be 15-20%, according to an earnings poll of seven brokerages.
- Work For Working Class (Indian Express, Editorial, Indian Express, Apr 13, 2007)
The Employees Provident Fund Organisation board, as we reported yesterday, wants State Bank of India, its fund manager, to explain low returns.
- Pc Justifies Rbi Rate Hike, Pnb Also Joins Race (Pioneer, Correspondent or Reporter, Apr 12, 2007)
The Reserve Bank of India's recent decision to increase repo rates and CRR to control inflation has forced the country's second largest public sector bank, Punjab National Bank, to hike its Benchmark Prime Lending Rate (BPLR) by 75 basis points to . . . .
- Sensex Up; Friday The 13th May Decide Medium Term Direction (Indian Express, Sandeep Singh, Apr 10, 2007)
The market broke last week’s trend today. The Sensex rose 321 points or 2.5 per cent, closing at 13,177. Surprisingly, the banking index (Bankex), which had been leading the fall in the Sensex last week, ended up as the biggest sectoral gainer.
- Govt Oks Morgan Stanley, Citi Stake In Nse (The Financial Express, Correspondent or Reporter, Apr 09, 2007)
The government on Monday approved 13 foreign investment proposals worth Rs 4.77 billion ($111 million), including the purchase of 6 per cent stake in National Stock Exchange by Morgan Stanley, Citigroup and private equity firm Actis.
- Foreign Stake In Banks High: Rbi (Asian Age, Correspondent or Reporter, Apr 07, 2007)
Reserve Bank of India deputy governor Shyamala Gopinath said that foreign investments are quite large in private and public sector banks. She said that foreign investments in the State Bank of India are around 30 per cent. Ms Gopinath was . . .
- Govt Revives Divestment Process With Nhpc Float (Deccan Herald, Correspondent or Reporter, Apr 06, 2007)
Post IPO, the government stake in the PSU would come down to nearly 86.30 per cent and would mark the first disinvestment since it divested stake in NTPC in 2004 in a similar fashion.
- Is Bigger Better ? (Indian Express, Correspondent or Reporter, Apr 05, 2007)
At around $780 billion, India’s GDP (gross domestic product) is comparable to that of South Korea, yet Korean banks have seven times more banking assets than Indian banks.
- Handling The Heights (Indian Express, GAUTAM CHIKERMANE, Apr 05, 2007)
At around $600 billion or Rs 27,46,200 crore, the total banking assets in India are about the same as the world’s 25th largest bank, the Rabobank Group. India’s biggest bank, State Bank of India (SBI), has assets of $107 billion.
- Rbi’S Move Makes Bank Shares Sink (Deccan Herald, Correspondent or Reporter, Apr 03, 2007)
Banking segment cracked under pressure from Reserve Bank’s move to limit money flow, as the sector stocks fell by 389.42 points or 6 per cent, against 4.7 per cent drop recorded by the benchmark Sensex.
- Panel Suggests Reforms To Make Mumbai A Global Financial Hub (Hindu, Correspondent or Reporter, Apr 03, 2007)
Curbs on currency deals should go to make rupee fully convertible'
Global cos. should be allowed to set up offices
Abolition of STT, stamp duty a must
- Sensex Crashes 617 Pts; Auto, Banking Stocks Lead Sell-Off (Business Line, Correspondent or Reporter, Apr 03, 2007)
RBI's liquidity-tightening steps result in second biggest single-day fall
- Banks Mull Strategy After Rbi Hikes Rates (Pioneer, Correspondent or Reporter, Apr 02, 2007)
A day after ICICI Bank upped its lending rates following RBI's key rate hikes, several lenders were mulling their response even as IndusInd Bank hinted at a possible rise this week.
- Sensex Rose 16% In 2006-07 (Indian Express, Correspondent or Reporter, Mar 31, 2007)
Shares rose 0.71 per cent on Friday to end 2006-07 up 15.9 per cent, clocking their fourth straight fiscal year of gains although the increase was well below the 73.7 per cent rise in 2005-06.
- Rbi Hikes Key Lending Rates (New Indian Express, Correspondent or Reporter, Mar 31, 2007)
The Reserve Bank of India on Friday raised its key short-term lending rate (repo) by a quarter percent to contain inflation. The move came as a surprise move by the apex bank ahead of its annual monetary policy scheduled next month.
- Ongc Leads Indian Firms In Forbes List (Pioneer, Correspondent or Reporter, Mar 31, 2007)
Oil and Natural Gas Corporation (ONGC) leads the pack of 34 Indian companies, a chunk of them from the banking sector, which have found place on the elite Forbes' list of 2000 corporate giants across the world.
- Rbi Seeks Data From Banks On Frauds (Business Standard, Correspondent or Reporter, Mar 24, 2007)
The Reserve Bank of India (RBI) has instructed banks to furnish data on frauds, thefts and burglaries on a quarterly basis to the regional offices of the Urban Banks Department.
- Sbi, Icici To Raise Funds Abroad (Indian Express, Correspondent or Reporter, Mar 24, 2007)
The State Bank of India, the country’s largest commercial lender, has increased the size of its minimum term note (MTN) programme to $5 billion from the earlier $2 billion.
- India Is A Priority Market, Says Bnp Chief (Singapore Times, Correspondent or Reporter, Mar 23, 2007)
Even as some of the foreign banks like Deutsche Bank and Barclays are showing renewed interest in retail banking here, France’s largest bank BNP Paribas is keen on the branch banking model.
- India's Banks Are Seen As Antiquated And Unproductive (New York Times, Correspondent or Reporter, Mar 23, 2007)
Hundreds of bank branches can be found in India’s capital nestled behind metal grates in concrete buildings and tucked down alleyways off busy thoroughfares.
- Sensex Soars 362 Pts (Pioneer, Correspondent or Reporter, Mar 23, 2007)
Bulls ruled the roost at the Dalal Street for the fourth consecutive day on Thursday on the back of strong global markets and FII buyings. On the back of support from bulls, Sensex continued its upward rally and regained the 13,000-mark with a . . .
- An Antiquated Banking System Holds Back Development In India (International Herald Tribune, Correspondent or Reporter, Mar 17, 2007)
Janpath, a traffic-choked mini-highway that runs through central Delhi, is home to some the city's best-known jewelry stores and five-star hotels — and, less famously, to dozens of bank branches.
- Coalition Dharma: Left Goes Hammer & Sickle At Ally Dmk (Indian Express, Correspondent or Reporter, Mar 14, 2007)
The UPA government was severely embarrassed today in the Lok Sabha when two powerful allies — the Left parties and DMK — virtually came to blows over introduction of a Bill to set up a maritime university in Tamil Nadu.
- Eternal Tug-Of-War (Indian Express, Editorial, Indian Express, Mar 14, 2007)
Left parties often voice an inordinate pride in their scrupulous observance of parliamentary etiquette. Tuesday sorely tested the limits of that claim, as lung and muscle power was wielded over the situating of the proposed Indian Maritime University.
- Sbi Caps To Appraise Tea Fund Loans (Hindu, Indrani Dutta, Mar 13, 2007)
The loan appraisal process under the Special Purpose Tea Fund (SPTF) is to be outsourced and the appraising agency will put up its recommendations to the screening committee for sanction of individual loans.
- Budget: An Incremental Approach (Business Line, T. C. A. Ramanujam , Mar 09, 2007)
A great opportunity had presented itself to the Government. GDP was growing at 9 per cent, savings at 32 per cent and investment at 34 per cent of GDP and buoyant tax revenues scaling all-time high.
- Post Offices May Collect Stamp Duty (Deccan Herald, Bala Chauhan, Mar 03, 2007)
All the nationalised banks, some select co-operative banks and post offices across the State may soon be authorised to collect the stamp duty.
- Wish He Were Duty-Bound (Indian Express, Bibek Debroy, Mar 01, 2007)
I like pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” That’s Winston Churchill. On the face of it, the finance minister has done a remarkable job and hasn’t pressed the pause button on fiscal consolidation.
- No Real Harm Done (The Financial Express, Editorial, Financial Express, Mar 01, 2007)
With political constraints as the operating reality, the finance minister wasn’t expected to announce big bang reforms. So, any criticism about the omission of pension reform, FDI in retail or privatisation (the disinvestment figure of Rs 40,000 . . .
- The Bs Jury`s Verdict: 7-10 (Business Standard, Correspondent or Reporter, Mar 01, 2007)
The Budget is consistent with the macro objective of keeping India's economy on a high growth trajectory.
- New Road, Old Car (Indian Express, Editorial, Indian Express, Feb 28, 2007)
In any economy, there is a growth story and an inflation story. The Economic Survey is expectedly happy over the growth story — GDP growth of 9.2 per cent in 2006-07, a savings rate of 32.4 per cent and investment rate of 33.8 per cent (2005-06 figures).
- Sharp Fall In India (Singapore Times, Correspondent or Reporter, Feb 26, 2007)
Indian shares fell sharply yesterday, led by banking and cement shares on fears the government may announce further anti-inflationary measures in the budget for the next financial year, due on Wednesday.
- Low-Risk, High Return Is Contrarian, Not Contradictory (Hindu, R. GOPALAKRISHNAN, Feb 25, 2007)
Is this the right time to launch a mutual fund with a contrarian investment strategy (namely, Contra fund), considering that the few such funds launched so far have not performed extraordinarily, perhaps with the exception of SBI Magnum Contra?
- Sbi Revises The Lending Rates (Deccan Herald, Correspondent or Reporter, Feb 20, 2007)
Country’s largest public sector bank – State Bank of India (SBI), on Monday, revised its Benchmark Prime Lending Rate (SBAR) by 75 bps from 11.50 per cent per annum to 12.25 per cent per annum with effect from Tuesday...
- Sbi Plr Up By 75 Basis Points (Hindu, Correspondent or Reporter, Feb 20, 2007)
State Bank of India on Monday raised its benchmark prime lending rate (BPLR) by 0.75 percentage point to 12.25 per cent from Tuesday, an SBI release said.
- Sbi Hikes Rates, Hdfc To Follow (Indian Express, Correspondent or Reporter, Feb 20, 2007)
With the cost of funds rising, banks are on a rate hiking spree. State Bank of India has raised its benchmark prime lending rate (SBAR) by 75 basis points (bps) from 11.5 per cent to 12.5 per cent a year, effective February 20, and has also upped . . .
- Indian Banks Take Lead To Finance Mega Deals (Pioneer, Correspondent or Reporter, Feb 19, 2007)
Be it UK giant Vodafone taking over Hutch-Essar or domestic conglomerate Tatas acquiring London-based Corus, capital is no issue for either - over a dozen banks have lined up with a kitty of about $11.5 billion to fund the two mega deals.
- Sensex Shrugs Off Inflation, Vaults 346 Pts (Pioneer, Correspondent or Reporter, Feb 16, 2007)
The Coast Guard's interception and seizure in Indian waters, close to the Tamil Nadu coast, of a boat carrying deadly arms and ammunition, including a 7 kg suicide belt, has spotlighted the deadly terrorist menace the Liberation Tigers of Tamil Eelam pose
- Rbi Hikes Crr By 0.5 Per Cent (Pioneer, Correspondent or Reporter, Feb 14, 2007)
In order to contain high inflation and suck out excess liquidity from the banking system, Reserve Bank of India on Tuesday announced hike in cash reserve ratio (CRR) by 0.5 per cent (50 basis point). The hike would be implemented in two stages.
- Govt To Buy Sbi, Nabard Off Rbi (WhatIsIndia Publications, Aravind Sitaraman, Feb 06, 2007)
The government has decided to buy the State Bank of India and NABARD from the RBI.
- Govt To Take Over Sbi, Nabard, Nhb From Rbi (New Indian Express, Correspondent or Reporter, Feb 02, 2007)
Government has decided to acquire Reserve Bank’s stake in State Bank of India, NABARD and National Housing Bank (NHB) in a cashless transaction to separate ownership and regulatory functions of the banking regulator.
- Govt. To Buy Rbi's Stake In Sbi, Nabard, Nhb (Hindu, Correspondent or Reporter, Feb 02, 2007)
SBI's equity transfer cost is put at Rs. 40,000 cr.
Valuation of SBI shares will depend on market price
Nabard, NHB transfer at book value
- Govt To Takeover Sbi From Rbi (Deccan Herald, Correspondent or Reporter, Feb 02, 2007)
In a significant decision the Central Government on Thursday decided to acquire the shares of Reserve Bank of India (RBI) in State Bank of India—country’s largest PSU bank, NABARD and National Housing Bank (NHB).
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