MONEY & BANKING
REGIONAL RURAL BANKS
Karnataka rural bank plans four new branches
Mangalore, Feb. 17 The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB), a regional rural bank sponsored by Syndicate Bank, plans to open four more branches by the end of the current financial year to take the total number of ...
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INSIGHT
Dollar’s descent vs rupee’s ascent
Venkat, an investment banker, and Nikhil Akali, a senior executive in a captive BPO, both college mates, meet for dinner at one of their favourite restaurants. Nikhil doesn’t seem to be in his usual cheerful mood. Venkat enquires, ...
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Guarding against sub-prime in the Indian context
After the “junk bonds”, the latest dirty word in the financial market is “sub-prime”. What began as an attempt, by the American financial institutions, to design structured products leveraging the rise in the portfolio ...
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PRIVATE BANKS
TMB gets nod for 17 more branches
Tuticorin-based Tamilnad Mercantile Bank has got licences to open branches at 17 new locations in the country. According to Mr S. Selvan Rajadurai, General Manager, Business Development, the bank is in the process of opening its 200th branch at ...
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PUBLIC SECTOR BANKS
Coin-vending machine at Corp Bank
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SBH bags prizes at exhibition
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INTEREST RATES
Syndicate Bank cuts lending rates
Public sector Syndicate Bank has reduced lending rates on home and consumer loans by 25 and 150 basis points effective from February 18. A bank release said the rate reduction for small scale industries and medium enterprises was between 25 and ...
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GOVT BONDS
Yields firm on rise in oil prices, inflation focus
Outlook stable; bankers see no dramatic interest rate cut
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CREDIT MARKET
Two-wheeler loans go scarce
High delinquency, tough recovery norms weigh with banks
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