Banking and Finance
CII meet on finance next month
AN international conference on finance, `The India Finance Forum _ 2000', is scheduled to be held here on February 4 and 5 under the auspices of the State chapter of the CII.

I-Sec bullish on interest rates
I-SEC is bullish on interest rates till the end of this fiscal. It expects the current yields to sustain, with the possibility of a further easing if the EPF rates and/or bank rate are lowered. In its debt markets update, I-Sec points out that interest r ates have declined significantly in the last three months.

Rabobank seeks nod for merchant banking arm
THE Netherlands-based Rabobank International has sought the approval of the Foreign Investment Promotion Board (FIPB) to set up a fully-owned subsidiary for merchant banking.

`HDFC rate cut for NRIs to boost property market'
THE one percentage point drop in interest rates on loans for NRIs by the Housing Development and Finance Corporation (HDFC) and the revival of the Indian property market in the past few months is expected to boost interest in Indian real estate among NRI s, with business this year likely to be double that of last year, a HDFC official said on Tuesday.

Syndicate Bank nets Rs 207.05 cr for nine months
SYNDICATE Bank recorded a net profit of Rs. 207.05 crores for the first nine months of the current financial year, up more than 50 per cent on the Rs. 137.58 crores posted in the corresponding period in 1998-99. Better funds management and co st reduction helped the bank improve its performance, according to an official release.

IDBI may lower flexibonds rates
IDBI is set to lower interest rates on its `FlexiBonds' issue, slated to hit the market sometime in mid-February. The institution is also likely to effect a cut in lending rates but a final decision will be taken at its board meeting, scheduled for Janua ry 31.

NHB plans to tap more global funding agencies next fiscal
NATIONAL Housing Bank (NHB), which recently got a $50-million loan from the Asian Development Bank (ADB), proposes to tap other international funding agencies during fiscal 2000-01 to meet its funds requirement.

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