The Hindu Business Line : Wednesday, February 27, 2008

CREDIT RATING
SBT signs MoU with Crisil
State Bank of Travancore (SBT) has signed a memorandum of understanding with Crisil for rating of small and medium enterprises. As per the MoU, Crisil will provide rating services to the clients of SBT at a concessional fee. The bank feels that ... More

FINANCIAL MARKETS
Govts may be Salvation
The global economy must be rescued from bankers. And bankers must be rescued from themselves. That just about might sum up a cynical view of the plight of governments and central banks as they struggle to deal with the worst crisis to hit ... More

PRIVATE BANKS
Motilal Oswal, IDBI Bank team up for online trading facility
Mumbai, Feb. 26 Motilal Oswal Securities Ltd and IDBI Bank on Tuesday announced that they were entering into a strategic alliance to provide online trading facility to the bank’s customers. IDBI customers now have the option of ... More

Tamilnad Mercantile AGM on April 11
Chennai, Feb. 26 The annual general meeting of Tamilnad Mercantile Bank is slated to be held on April 11, where it is expected that a new board of directors will be elected. Members of the Nadar Mahajana Sabha Bank Share Investors’ ... More

PUBLIC SECTOR BANKS
Corpn Bank ATMs at MRPL outlets
Mangalore, Feb. 26 The Mangalore-based Corporation Bank and Mangalore Refinery and Petrochemicals Ltd (MRPL) have decided to leverage their respective strengths to provide a bouquet of services to customers in the fuel retail segment. ... More

INTEREST RATES
SBH raises rates on term deposits
State Bank of Hyderabad (SBH) has revised interest rates on some domestic term deposits. The interest on term deposits between 180 days and less than one year has been hiked to 6.25 per cent from 6.00 per cent and 7.25 per cent (7.00 per cent) on ... More

GOVT BONDS
Bond prices decline
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CREDIT MARKET
FAPI seeks Rs 5-cr loan
The Andhra Pradesh Government, which has recently announced a programme to secure Rs 5-crore loan to prospective SC/ST entrepreneurs in the State without collateral security, should extend the scheme to all entrepreneurs, according to Mr B.V. ... More

SHORT TERM INSTRUMENTS
Call rates close lower
The inter bank call rate closed lower at 7.60 per cent-7.80 per cent on Tuesday, against the previous close at 7.75 per cent-8 per cent. In the one-day repo auction under the Liquidity Adjustment Facility, the RBI received and accepted six bids ... More

FIXED DEPOSITS
Raise fixed deposit rates for senior citizens
Medical and hospital expenses ever in increasing order and senior citizens have to spare more money to take care of their health. The medi-claim insurance policy premium is also increasing and no-claim bonus is withdrawn. Any diagnostic charges ... More

OVERSEAS INVESTMENTS
Union Bank exploring opportunities in Australia
Coimbatore, Feb. 26 Union Bank of India is exploring business opportunities in Australia.While stating that it is still too early to say much, its Chairman and Managing Director Mr. M.V. Nair admitted to visiting the Australian sub ... More

INTERVIEW
Factors at play in the HDFC Bank-Centurion deal
Chennai, Feb. 26 With the Boards of Centurion Bank of Punjab and HDFC Bank having approved the share swap ratio for the largest merger thus far in the Indian banking sector, at nearly $2 billion, the deal clears an important milestone towards ... More