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Articles 221 through 320 of 500:
- Rbi To Exit Sbi, Nhb And Nabard (Indian Express, Correspondent or Reporter, Feb 02, 2007)
The Union cabinet today cleared a proposal allowing the government to acquire all of Reserve Bank of India’s (RBI) stake in State Bank of India (SBI), National Bank for Agriculture and Rural Development (Nabard) and National Housing Bank (NHB).
- Govt To Take Over Sbi, Nabard, Nhb From Rbi (Pioneer, 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.
- Healthy Loan Assets See Hdfc Maintain 25% Profit Growth (Indian Express, Correspondent or Reporter, Jan 25, 2007)
Thanks to robust disbursals, home loan company HDFC Ltd has maintained its growth tempo for the third quarter ended December 2006 with the the profit after tax increasing by 25 per cent to Rs 355.49 crore against Rs 284.52 crore in the .. .
- Sbi Appointed It Refund Banker (Hindu, Correspondent or Reporter, Jan 25, 2007)
About 8 to 10 lakh assessees in Delhi and Patna stand to benefit
Scheme to be expanded furtherif pilot programme is successful Switch over to ECS for quicker refunds: Chidambaram
- Sbi Profit Dips (Hindu, Correspondent or Reporter, Jan 24, 2007)
State Bank of India (SBI) has posted a net profit of Rs. 3,048.11 crore in nine months ended December 31, 2006, registering a decline of 14.22 per cent when compared with the net profit of Rs. 3,553.38 crore in the corresponding period in the previous . .
- Higher Npa Provisions Hit Sbi Profits (Indian Express, Correspondent or Reporter, Jan 24, 2007)
State Bank of India missed forecasts with a 4.5 per cent fall in third quarter profits following a sharp rise in provisions for bad loans.
- Sbi Q3 Net Dips 4 Per Cent At Rs 1,065 Cr (Pioneer, Correspondent or Reporter, Jan 24, 2007)
The country's largest public sector bank, State Bank of India (SBI) on Tuesday posted a decline of 4.49 per cent in net profit at Rs 1,065.06 crore for the quarter ended December 31, as compared to Rs 1,115.19 crore for the same quarter last year.
- Sbi Result Disappoints, Q3 Net Dips 4.5 Percent (New Indian Express, Correspondent or Reporter, Jan 24, 2007)
State Bank of India on Tuesday announced a disappointing decline of 4.49 percent in its net profit for the third quarter ended December, 31, 2006.
- Cpi-M’S Bofors? (Statesman, Editorial, Statesman, Jan 24, 2007)
Lavalin Deal Could Sink Marxist Image
- Sbi Announces New Deposit Scheme (Hindu, Correspondent or Reporter, Jan 21, 2007)
State Bank of India will come out with a new fixed deposit scheme offering nine per cent interest rate and Punjab National Bank (PNB) will raise the fixed deposit rates for large accounts from Monday.
- Sbi Launches Platinum Account; Hikes Deposit Rates (Business Line, Correspondent or Reporter, Jan 21, 2007)
State Bank of India has introduced a new term deposit product carrying an interest rate of 9 per cent per annum compounded quarterly.
- Icici Bank Q3 Profit Up 42% (Indian Express, Correspondent or Reporter, Jan 21, 2007)
After tech, it’s the banking sector joining Q3 celebrations.
- Naxal-Wary Tribals Get No Respite From Loan Burden (Hindustan Times, Correspondent or Reporter, Jan 12, 2007)
Tribals in south Bastar, fighting Naxalite menace and living in relief camps, are facing one more problem — burden of loans taken from banks under government schemes..
- With Left Stalling Bill, Law Being Changed To Give Rbi More Room (Indian Express, Correspondent or Reporter, Jan 12, 2007)
With Left opposition stalling the Banking Regulation Amendment Bill 2005, the Union Cabinet today moved to free up banks’ resources to lend to the economy by deciding to take out one key section from the Bill and amend it through an ordinance.
- Rbi Receives Complaints On Fake Notes From Atms (Indian Express, Correspondent or Reporter, Jan 09, 2007)
The Reserve Bank of India has issued instructions to banks to ensure that counterfeit banknotes are not dispensed through ATMs, following complaints.
- Sbi Raises Interest Rates On Term Deposits (Hindu, Correspondent or Reporter, Jan 07, 2007)
State Bank of India has increased the interest rates on term deposits between Rs. 15 lakh and Rs. 1 crore to 8.25 per cent per year.
- Be Open On Sbi Equity Plans, Panel Tells Govt (Deccan Herald, Correspondent or Reporter, Jan 07, 2007)
A Parliamentary Committee has asked the Finance Ministry to ensure “fairness and transparency” in the regulations and procedures relating to private placement of equity shares of associate banks of State Bank of India (SBI).
- Sbi Offers Higher Rates On Deposits Of Rs 15 Lakh-1 Cr (Business Line, Correspondent or Reporter, Jan 07, 2007)
State Bank of India will offer higher interest rates on deposits of certain size and maturity for the next three months.
- Sensex Up 77pts; Icici, Ril Lead (Business Standard, Correspondent or Reporter, Jan 05, 2007)
ICICI Bank has soared 3% to Rs 917. Reliance has advanced 2.3% to Rs 1,309.
- Stamp Papers In Nationalised Banks Likely (Deccan Herald, Correspondent or Reporter, Jan 05, 2007)
The State Revenue Department has proposed that all nationalised banks and co-operative banks start selling document sheets at their branches.
- End The Temp Job Apartheid (The Economic Times, MANISH SABHARWAL, Jan 05, 2007)
The vocal minority of labour market insiders believe that the only job worth having is permanent, unionised, full-time, and subject to all labour laws.
- Naxal-Wary Tribals Get No Respite From Loan Burden (Hindustan Times, Correspondent or Reporter, Jan 03, 2007)
TRIBALS IN south Bastar, fighting Naxalite menace and living in relief camps, are facing one more problem — burden of loans taken from banks under government schemes..
- Sbi For Bigger Market Pie With Better Profitability (Business Line, Priya Nair, Jan 03, 2007)
`We are trying to unlock SBI's brand equity. I want people to see SBI as it is, but with value.'
- Sbi Dream To Buy Chinese Bank Dbd Crashlands (Indian Express, Correspondent or Reporter, Jan 02, 2007)
The State Bank of India’s quest for buying a bigger bank than those it has been picking up globally for the past two years seems to have come a cropper. The country’s largest bank has just been ousted from the race to pick up China’s DBD Bank.
- Sbi Hikes Lending Rates By 50 Basis Points (Business Line, Correspondent or Reporter, Dec 27, 2006)
More banks may follow suit as spreads come under pressure
The hike in lending rate would partly neutralise the impact of the recent mark up in CRR and a rise in cost of deposits
- Banking, Energy Companies Among Top 25 Tax Payers (Deccan Herald, Correspondent or Reporter, Dec 24, 2006)
Among top 25 corporate taxpayers, the public sector companies in the energy sector – ONGC, NTPC, GAIL and BPCL have deposited Rs 7,382 crore advanced taxes by December 2006 as against Rs 6,248 crore during the corresponding period last fiscal.
- Fund Management Is A Lot Profitable In India (Singapore Times, Correspondent or Reporter, Dec 22, 2006)
Ever wondered why the AXAs and the Lotuses of the world eye Rs 3.30 lakh crore Indian fund management business when there are already 30 existing players? It’s the assurance of profitability with lesser commitment of capital, ET reasons.
- Tata Power Hopes To Tie Up Funds For Mundra By Aug 2007 (Pioneer, Correspondent or Reporter, Dec 20, 2006)
Tata Power Company on Tuesday said it expects to arrange funds by August 2007 for the 4,000 MW Mundra ultra power project that will be set up at an estimated cost of about Rs 20,000 crore.
- Sbi Holding In Associates At 51 Pc: Panel Okays Move (Business Line, Correspondent or Reporter, Dec 15, 2006)
The Standing Committee on Finance has endorsed the proposed legislative amendment to reduce State Bank of India's shareholding (statutory minimum) in its subsidiary banks from the current 55 per cent to 51 per cent.
- Frauds In Those Good Old Days (Business Line, Editorial, Business Line, Dec 14, 2006)
Amiya Kumar Bagchi, director of the Institute of Development Studies, Kolkata, wrote the history of State Bank of India a decade ago.
- Now, Pay More On Your Home Loan (Hindustan Times, Correspondent or Reporter, Dec 14, 2006)
Be prepared to pay more on your home loan — or any other loan for that matter. Within a week of RBI hiking the cash reserve ratio, banks have begun raising lending rates.
- Sbi Ownership Transfer To Govt Will Be Budget Neutral (Pioneer, Correspondent or Reporter, Dec 14, 2006)
The transfer of majority share of SBI, the country's largest commercial bank, from Reserve Bank to the government will be "budget neutral", a senior Finance Ministry official said on Wednesday .
- Outstanding Debt = Expansion Plan + More (The Financial Express, Sucheta Dalal, Dec 14, 2006)
Pramod Mittal of the Ispat group is obviously in high spirits these days. Last week, he acquired CSKA Sofia, a premier division Bulgarian football club in a deal estimated at 14 million Euros.
- Icici Bank Set To Hike Rates, Others May Follow (Indian Express, Correspondent or Reporter, Dec 14, 2006)
Home loan rates are rising. ICICI Bank, the country’s second largest lender, has kicked off another round of hike in home loans by proposing a 50 basis point rise in the interest rates.
- Sensex Closes Below 13,000 (Pioneer, Correspondent or Reporter, Dec 13, 2006)
Bears on Tuesday firmed their grip further on Dalal Street and gave no chance to bulls to come into action except for a brief period in mid-morning trade, when they appeared to be running for cover.
- Sensex Plunges 400 Pts In Sell-Off (Indian Express, Correspondent or Reporter, Dec 12, 2006)
Dalal Street finally saw a big correction after a sustained bull rally that took the Sensex and other indices to dizzy heights.
- Sensex Tanks 400 Points (Deccan Herald, Correspondent or Reporter, Dec 12, 2006)
Dalal Street finally saw a big correction after a sustained bull rally that took the Sensex and other indices to dizzy heights. The benchmark Sensex fell 2.9 per cent, its sharpest drop in three months, in a broad-based sell-off on Monday that was . . .
- India Joins Top 20 Wealth Club (The Economic Times, Correspondent or Reporter, Dec 11, 2006)
Call it the wealth effect. For the first time, India has gate-crashed into the list of the top 20 wealth markets in the world. India and Russia — ranked 19 and 20, respectively, in the Global Wealth 2006 list — are the latest entrants among Bric . . .
- Crr Up By 50 Basis Points (Hindu, Correspondent or Reporter, Dec 09, 2006)
To be effected in two phases on December 23 and January 6
High GDP growth rate is cited as a reason
Liquidity of Rs. 13,500 cr. will be absorbed
- Sbi May Come Up With Public Offer Next Fiscal (Pioneer, Correspondent or Reporter, Dec 08, 2006)
The country's largest commercial bank the State Bank of India (SBI) is likely to come out with a public offer next fiscal after the majority ownership of the bank is transferred from Reserve Bank to the government.
- Sbi Likely To Tap Market Next Fiscal (Hindu, Correspondent or Reporter, Dec 08, 2006)
Awaits SBI Act amendment; enters into MoU with London School of Economics.
- No Stopping Bull Run (Times of India, Sandeep Bamzai, Dec 08, 2006)
How much is too much? This is a question that has dominated the mindspace of various analysts and market watchers ever since India's longest and most resilient bull run began in May 2003.
- Sbi Plans Domestic Float Next Year To Fund Growth (Business Line, Correspondent or Reporter, Dec 08, 2006)
Awaits Parliamentary nod for SBI Act amendments.
- Rbi Asks Banks To Open Inoperative Lockers (Indian Express, Correspondent or Reporter, Dec 05, 2006)
Alarmed over the misuse of bank lockers by criminals to store arms and ammunition, the Reserve Bank of India has asked banks to break open any suspicious locker which is not in use for one-and-a half years.
- Bank Charges That Eat Your Dividend (Indian Express, Sucheta Dalal, Dec 04, 2006)
Last week, S.K. Garg from Chandigarh wrote to say that State Bank of India (SBI) had charged him Rs 40 to credit a dividend cheque of Rs 160 from Kirloskar Oil Engines; effectively, 25 per cent of his dividend was gobbled up by the transaction charge.
- Sensex Hit Max As Asian Markets Fall To Sliding Dollar (Singapore Times, Correspondent or Reporter, Nov 29, 2006)
Indian equities succumbed to the bearish trend in global markets, with benchmark indices shedding over 1% on Tuesday. Brokers said the correction was welcome as the market was beginning to overheat after the steady climb over the past few weeks.
- 3 Pakistani Banks Willing To Begin Operations In India (Daily Times, Iftikhar Gilani, Nov 25, 2006)
India said on Friday that three Pakistani banks had shown interest in starting operations in India, and a decision in this regard would be taken on reciprocal and simultaneous basis.
- `Fdi Curbs Will Not Be Country-Specific' (Hindu, Correspondent or Reporter, Nov 21, 2006)
FTA with China not on cards; buoyancy in FDI in the first six months likely to continue
FDI doubles to $4.4 b in first half
Delhi, U.P., Haryana top the table.
- Temasek, Gic Can Now Hike Stake In Icici Bank (Singapore Times, Correspondent or Reporter, Nov 21, 2006)
Temasek and Government of Singapore Investment Corporation (GIC) will now be able to double their investment in ICICI Bank to 20%. The Centre has decided to treat the two institutions as separate entities only after the Singapore government agreed . . .
- Sensex Recovers After 200-Pt Tremor (Asian Age, Correspondent or Reporter, Nov 21, 2006)
The stock market went bananas as one market watcher put it.
- Singapore Cos Get Nod To Hike Stake In Icici (Pioneer, Correspondent or Reporter, Nov 21, 2006)
India will allow Singapore government-owned Temasek and Government of Singapore Investment Corporation to double their stake in ICICI Bank.
- The Ketan Parekh Investigation Trundles Forward (Indian Express, Sucheta Dalal, Nov 20, 2006)
Last week, Ketan Parekh is understood to have told the apex court that he can no longer make payments towards the money owed by him to Madhavpura Mercantile Cooperative Bank (MCCB).
- Sachar Report To Dominate House (Indian Express, Santwana Bhattacharya, Nov 18, 2006)
The Sachar Committee report and the debate over reservation for backward Muslims that it has spawned is expected to dominate the Winter Session of Parliament beginning November 22.
- Reliance Mf Schemes Top Global List Of 5-Year Returns (Pioneer, Correspondent or Reporter, Nov 17, 2006)
Reliance Mutual Fund got a major boost on Thursday when two of its equity funds - Reliance Growth and Reliance Vision emerged as the top two funds globally, based on their five year performance track record.
- Freeing Bank Ownership (Business Line, Editorial, Business Line, Nov 17, 2006)
The ability of Indian banks to garner capital from non-government sources should be enhanced by dilution of state ownership, not by increasing it.
- India Most Favored Investment Destination (WhatIsIndia Publications, Correspondent or Reporter, Nov 16, 2006)
A Bank of America (BoA) study found that the average inflow into Indian bonds, equities, and loan vehicles increased 158.4% more than thrice the emerging world average of 40.3% as corporate investments was pegged at USD 19.3 billion in 2005.
- Free The Public Sector Banks (Business Line, Editorial, Business Line, Nov 15, 2006)
India's banks have to get bigger to compete globally and cater to the complexities of the rupee's full float.
- Pension: Left Not For Private Players (Hindu, K.V. Prasad, Nov 14, 2006)
Demand for cut in prices of petrol and diesel
Don't park pension funds in stock markets
Definite movement seen on women's bill.
- Sbi Gives Education Loans To Students (Hindu, Correspondent or Reporter, Nov 13, 2006)
Salem MP K.V. Thangkabalu handed over sanction letters for education loans worth Rs. 60 lakh to 17 students, provided by the State Bank of India (SBI), Fort Main Branch, at a function here on Saturday.
- Monetary Policy: The Rbi's `Interest'ing Act (Business Line, K. Subramanian, Nov 08, 2006)
While striking an external-internal balance, the RBI has attempted a trapeze act to maintain status quo.
- What's Happening `Inside China's Stock Markets'? (Business Line, D. Murali , Nov 07, 2006)
"China has enjoyed its greatest period of international investor enthusiasm in history," note authors of Privatizing China. A. Besant C. Raj investigates this success in comparison to India in Unravelling the China Miracle. Sun Shuyun takes the . . .
- Fm To Review Psu Banks (Deccan Herald, Correspondent or Reporter, Nov 06, 2006)
Finance Minister P Chidambaram will review the performance of PSU banks on Monday on various parameters like lending to the priority, agriculture and SME sectors and first half results.
- Home Loans: Rbi Asks Banks To Be More ‘Fair And Transparent’ (Indian Express, DEV CHATTERJEE, Nov 02, 2006)
Alarmed over rising consumer complaints on home loans to credit cards, the banking regulator has asked banks to become more “fair and transparent” while signing their agreements with the consumers.
- India Bank Staff In Strike Action (British Broadcasting Corporation, Correspondent or Reporter, Oct 31, 2006)
India bank staff in strike action
Nearly a million bank workers in India have held one-day strike in protest at what unions say is government pressure to reform which will lead to job cuts.
- Rbi May Have To Walk A Tight Rope (Deccan Herald, Correspondent or Reporter, Oct 30, 2006)
Reserve Bank Governor, Y V Reddy, is likely to do a tight rope walk while reviewing the monetary policy on Tuesday, with a view to contain inflation and ensure adequate credit flow to sustain high economic growth.
- 10 Lakh Bank Staff Go On Strike (Tribune, Correspondent or Reporter, Oct 28, 2006)
Banking and financial market operations across the country were hit today with over 10 lakh bank employees representing public, private and foreign banks going on a daylong strike against government’s bank reform measures.
- Vote With Your Feet (The Economic Times, Editorial, Economic Times, Oct 28, 2006)
The strike by employees of nationalised banks on Friday was less disruptive than would have been the case even a decade earlier.
- Grameen Bank, A Nobel-Winning Concept (Hindu, Correspondent or Reporter, Oct 23, 2006)
Its notable feature is the viability and sustainability of lending to poor women; as many as 100 countries have adopted the model
- Customer Is A Joker In The Banking Services Pack (Indian Express, Sucheta Dalal, Oct 16, 2006)
Sharad Jain, an HDFC Bank account holder was happy to learn that he had pre-qualified for a Gold Credit card, but his application was rejected on processing.
- Sensex Re-Writes History, Record New Clsg High (Business Standard, Correspondent or Reporter, Oct 14, 2006)
The Sensex opened with a huge positive gap of 95 points at 12,633, and then there was no looking back....
- Boom Time (Business Standard, Niraj Bhatt, Oct 07, 2006)
Since the Sensex low on June 14, the BSE Bankex has been the best performing sectoral index, having gained over 50 per cent.
- Death Stared Them In The Face (Hindu, Correspondent or Reporter, Oct 06, 2006)
Employees of the State Bank of India branch in Dashnami Akhara building here can't believe they are still alive.
- Modernisation Is Railways’ New Watchword (Deccan Herald, Correspondent or Reporter, Oct 03, 2006)
The Railways is all set to completely revamp its enquiry system by handing over the contract to leading BPO firms.
- Sensex Up 147 Points (Hindu, Correspondent or Reporter, Sep 27, 2006)
Flagging fortunes on the capital market were reversed on Tuesday, as hectic short covering by operators in the derivatives segment pushed the benchmark Sensex up by 147 points to over a four-month high of 12321.19.
- Interest Rates Softening: Sbi (Business Standard, Correspondent or Reporter, Sep 26, 2006)
State Bank of India today said the interest rates are showing signs of softening and the liquidity in the system is good at present.
- Rlys To Tap Net Cafes, Atms For Ticket Sales (Business Line, Editorial, Business Line, Sep 22, 2006)
IRCTC, Sify tie up for online booking with offline payment mechanism
Online payment major deterrent to e-ticketing
Passengers can pay cash when buying online at an iway centre
Railways attempts to rope in postal dept, banks for ticket sales.
- Rbi Clamps Down On Sez Financing (Business Standard, Correspondent or Reporter, Sep 21, 2006)
The Reserve Bank of India today clamped down on banks' financing of special economic zones (SEZs) by directing them to treat exposure SEZs as lending to commercial real estates, "keeping in view the current market conditions".
- Improvement Needed (Indian Express, Sucheta Dalal, Sep 17, 2006)
The new, improved Malegam Committee on disclosures and accounting standards constituted by the Securities and Exchange Board of India (Sebi) merges two earlier ones headed by the well-known and respected accountant.
- Sensex At 12,000: Rally Thin (Business Line, Raghuvir Srinivasan, Sep 17, 2006)
1,664 stocks trading below April 20 level
Banking, auto components and tyre stocks are leading the current rally; some banking stocks such as Bank of India and Bank of Baroda are trading more than 20 per cent higher than their prices on April 20.
- A Smart Gang Of Three (Business Standard, Editorial, Business Standard, Sep 15, 2006)
Finally, the public sector banking industry seems to have found a way to blunt the political opposition to consolidation. The Mangalore-based Corporation Bank has informed the stock exchanges that the chiefs of three banks—namely the Oriental . . .
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