Banking News India, Banking Industry News, Banking Industry India

Standard Chartered Bank allotted $197.38mn
Barclays Capital allotted $155.18mn, DBS allotted $300mn
Reallocation as FIIs failed to invest allotted component
Reallocates $1.31bn to FIIs for corporate debt invst
CNX Midcap down 1.3%, Smallcap Index down 1.8%
BSE Advances at 30.24%, Declines at 66.77%
Govt wants to focus on construction sector
Govt may not give direct sops to auto sector
Steel duty cut may provide relief to auto sector
Govt may cut excise duty on steel and cement
Govt may rejig duty to help SMEs: Ashwini Kumar
Anti -dumping laws to be strengthened
HCL Technologies announces partnership with Xerox
Govt to increase focus on infra spending
Banks want realtors to cut prices or sell properties
Pressure on RBI to cut rates has somewhat eased
Use special refinance to give loans to SMEs: RBI
Banks encouraged to use special refinance facility: RBI
Outstanding bank credit on Nov 7 at Rs.27.12 lk cr: NW
Banks' total deposit grew 20.4% on year to Nov 7: NW
Banks' total credit grew 26.5% on year to Nov 7: NW
RBI may set up a special $ fund for infra cos: Sources
RBI to allocate upto $10bn from FX reserves to fund: Srcs
FIIs net sell $91.5mn in equity on Nov 18
Power Grid approves 3 investment proposals
Approves Rs.7031cr investment in Sasan project
MFs net sell Rs.45cr in equity on Nov 18
Power Index down 2.7%, Metal Index down 1.8%
Capital Goods Index down 3.5%, Bankex down 2.9%
CNX Midcaps down 1.3%, Smallcap Index down 1.8%

Updated: 19/11/08 | 03:08 PM IST

Banking

Deterioration in ICICI Bank's financial profile notwithstanding, Credit rating agency Fitch today retained various ratings on the country's largest private lender as the bank's overall financial condition still remains strong.

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Karnataka Bank allots equity shares

The committee of Karnataka Bank has allotted 62670......

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HSBC to cut 500 jobs in Asia as slump takes toll

HSBC Holdings PLC, Europe's largest bank by market value, plans to cut 500 jobs in Asia due to the global economic slump.

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Investors withdraw from ICICI Bank on cut in lending growth target

Meanwhile, the BSE Sensex was down 410.41 poi......

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ICICI Bank ups interest rates on NRE, FCNR (B) deposits

ICICI Bank on Monday said that it has increased interest rates on both its NRE fixed deposits and FCNR (B) deposits with effect from Tuesday.

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SBI hikes foreign currency deposit rates

Country's largest lender State Bank of India has hiked interest rates on its foreign currency and rupee deposits by non-residents with effect from today.

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Corporation Bank appoints director

Corporation Bank has appointed V Raghuraman, speci......

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Kamath sees need for further rate cuts

With inflation coming down to single digit level of 8.98 per cent, CII chief K V Kamath on Sunday said key policy rates could be lowered to boost confidence of India Inc and spur growth.

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RBI may cut repo rate by 50 bps: Experts

Receding inflation has raised hope for a further cut in the short-term lending (repo) rate cut by at least 50 basis points, which experts feel might come sooner than later.

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HSBC says profits rise despite rising US bad debts

Global banking giant HSBC said on Monday that its pre-tax profits had risen in the third-quarter despite loan write-offs in the United States rising to $4.3 billion.

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Global Crisis

No job cuts, but hiring to dip: Nasscom

The Indian IT industry will retain employees but will go slow on hiring this fiscal (2008-09) following declining growth rate, the organisation representing the industry said here on Wednesday.

More : US home construction sinks to new record low | Now, Chinese automakers seek state aid | CEOs want at least $300 bn stimulus from Obama

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