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MONEY & BANKING
ECONOMY
US economy from pessimism to optimism
It seems that Federal Reserve wants to talk up the markets, but the attempt to do so without correction of the imbalances in the economy would cause sub-par growth for a long time.
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STOCKS
Time to take stock of banking scrips
INVESTORS in banking stocks should hitherto exercise caution, for returns will be limited, feel market participants. Discounting the soft interest rate scenario and the fact that projected earnings justify an upside, there is a growing ...
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DEBT MARKET
Traders see steady trend in yields Volumes subdued as credit pick-up improves
A slight credit pick-up is being witnessed in the market during the last few weeks. Non-food credit grew by Rs 3,200 crore during the last week, which was good news for the banks.
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PUBLIC SECTOR BANKS
Union Bank plans to halve net NPA ratio this fiscal
UNION Bank of India is hoping to reduce the proportion of net non-performing assets to net advances by more than half during the financial year 2003-04. This is despite the introduction of the 90-day norm for non-performing asset recognition ...
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