The Hindu Business Line : Wednesday, February 13, 2008

FARM CREDIT
Implement sugar package in ‘letter & spirit’, bank chiefs told
The Union Finance Minister, Mr P. Chidambaram, on Tuesday advised public sector banks to implement the scheme for extending financial assistance to sugar undertakings, popularly described as ‘sugar package’, in “letter and ... More

OUTSOURCING
Service providers: IBA circulates first ‘blacklist’
Chennai/Thiruvananthapuram, Feb. 12 All is not well with the much-hyped outsourcing of financial services by banks.That’s the impression one gets, going by the culling of black sheep among the service providers by the Indian ... More

FOREX
Rupee tad higer
More

TAXATION
Banks pitch for tax sops on infrastructure loans
New Delhi, Feb. 12 Public sector banks (PSBs) on Tuesday urged the Finance Minister, Mr P Chidambaram, to restore tax exemption on income received by the banks from their long term financing of infrastructure projects.“We want ... More

FINANCIAL PERFORMANCE
Catholic Syrian net profit up 139%
Kochi, Feb. 12 The net profit of Catholic Syrian Bank has grown by 139 per cent to Rs 31.70 crore (Rs 13.26 crore) for the first nine months of the current fiscal. While interest income increased moderately to Rs 354.95 crore, other income ... More

FOREIGN BANKS
More foreign banks keen to open offices here
In anticipation of more reforms after March 2009 More

INTEREST RATES
Chidambaram signals more credit for housing, consumer durables
New Delhi, Feb. 12 Home loans and financing for consumer durables such as cars, televisions and refrigerators could come on easier terms. The Union Finance Minister, Mr P Chidambaram, on Tuesday advised the chief executives of public sector ... More

Canara Bank cuts BPLR by 25 basis points
Bangalore, Feb. 12 - Canara Bank has reduced its benchmark prime lending rate by 25 basis points.The revised BPLR effective from February 16 is 13 per cent, a bank statement said. The rate cuts follow the Union Finance Minister’s ... More

Bank of Maharashtra cuts lending rates
Mangalore, Feb. 12 Bank of Maharashtra has reduced interest rates in the range of 25-50 basis points on its housing loan, education loan and SME (small and medium enterprise) segment loan with effect from February 11. A press release ... More

G-7’s message is downbeat
Pressure mounting on RBI to cut rates More

GOVT BONDS
Bond prices fall
More

NON-PERFORMING ASSETS
ARCIL sells NPAs
More

CREDIT MARKET
Banks refinance for factoring cos
Mumbai, Feb. 12 The Reserve Bank of India, today, permitted banks to extend refinance to factoring companies, provided the companies carry out all components of a standard factoring activity and derive at least 80 per cent of their income from ... More

SHORT TERM INSTRUMENTS
Call rates drop
More

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Cross Currency Rates

People's car

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
Give shape to innovative ideas, industry told

Centre’s pharma research fund dissolved

Import of sensitive items up 11.1% in Apr-Dec ‘07

Retail sector overvalued, says Hypercity chief

Service providers: IBA circulates first ‘blacklist’

Chill factor rules supreme

More foreign banks keen to open offices here

Tea exports drop 30%; output dips marginally

TCS rejigs global operations

India hails revised WTO texts on agriculture, NAMA

Looking back
Feb. 3-Feb. 9
LIC forays into health insurance

Fed reassures markets, mothballs inflation fears

Syndicate Bank opts for QIP route to raise capital