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    3. bankingbureau

    Banking Bureau

    BoB cuts prime lending rates, PNB to follow

    State-owned Bank of Baroda, announced a cut in its benchmark prime lending rates by 50 basis points to 12.75%.

    By Banking Bureau
    February 23, 2008 00:29 IST
    Insurers demand higher tax exemptions in Budget

    The fast growing domestic insurance industry, in its wish-list for the forthcoming Budget, has pushed forward demands for higher level…

    By Banking Bureau
    February 23, 2008 00:25 IST
    HDFC Bank-CBoP: Merger a win-win in competitive times

    The HDFC Bank-CBoP merger is expected to be a win-win for both banks in terms of both asset size and…

    By Banking Bureau
    February 23, 2008 00:23 IST
    HDFC Bank, CBoP boards meet today

    It?s nearly a done deal. In what will be one of the largest M&As in the domestic banking space in…

    By Banking Bureau
    February 23, 2008 00:04 IST
    HDFC Bank plans Rs 4k-cr global foray

    HDFC Bank plans to raise about Rs 4,000 crore to fund global expansion amid heightened buzz that the bank may…

    By Banking Bureau
    February 22, 2008 23:39 IST
    SKS launches health insurance product

    Hyderabad-based SKS Microfinance Pvt Ltd, the new generation microfinance company is all set to roll out its health insurance product,…

    By Banking Bureau
    February 22, 2008 00:01 IST
    S&P gets nod for Indian arm

    Standard & Poor?s has received an approval from the Foreign Investment Promotion Board to set up a wholly owned subsidiary…

    By Banking Bureau
    February 21, 2008 23:31 IST
    Infosys launches upgraded version of banking solution

    It major Infosys on Wednesday announced the launch of Finacle, version 10. The new version is expected to enable banks…

    By Banking Bureau
    February 21, 2008 23:28 IST
    Indian SMEs on a good wicket compared with most Asian economies

    Indian small and medium enterprises are the most optimistic ones among their Asian peers after Vietnam, with 58% expecting local…

    By Banking Bureau
    February 21, 2008 23:25 IST
    Consumer confidence at all-time high, reveals MasterCard survey

    Despite the prevailing high interest rates and a slowdown syndrome, Indian consumer confidence has hit an all-time high during the…

    By Banking Bureau
    February 21, 2008 00:26 IST
    Provide relief to poultry sector: RBI to banks

    After asking the banks to provide sugar package to the ailing sugar industry, the Reserve bank of India now wants…

    By Banking Bureau
    February 20, 2008 23:17 IST
    HDFC Bank customers can make credit card payment via cellphone

    For the first time in India, a novel mobile commerce concept of mPay has been introduced by the HDFC Bank…

    By Banking Bureau
    February 20, 2008 23:16 IST
    Chinese oil sector has better credit quality than India

    Fitch Ratings, in its special report, ‘Oil sector comparison: China and India’ released on Tuesday, said that the relatively better…

    By Banking Bureau
    February 20, 2008 23:13 IST
    Pension fund business turns highly competitive

    Despite having lowest administrative cost between three to five basis points in the world, the nascent Indian pension funds market…

    By Banking Bureau
    February 20, 2008 23:05 IST
    2 PSBs may go for rate cuts

    After having lowered its benchmark prime lending rate by 25 basis points last week, the state-run Canara Bank has said…

    By Banking Bureau
    February 19, 2008 00:26 IST
    Political and policy environment to get closer scrutiny: S&P

    The report highlighted that political and policy environments received less attention during the good times of the past several years…

    By Banking Bureau
    February 19, 2008 00:24 IST
    Rupee gain to continue with growing economy: Kamath

    The ongoing strengthening trend in the domestic currency is one of the major challenges ahead for manufacturing as well as…

    By Banking Bureau
    February 19, 2008 00:23 IST
    Banks to provide free ATM services to 3rd party customers

    Despite hesitation by the banks, the Reserve Bank of India has gone ahead to implement policies immediately by which a…

    By Banking Bureau
    February 19, 2008 00:22 IST
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