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Banking News

August 08, 2008
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  • Less rain = less money in your pocket 7 Aug 2008 22:50 GMT
    ... the gauge. The annual inflation rate in India in the week ended July 19 was a ... just one for the troubled US subprime mortgage market. That's an indication of the importance ...

  • MCX plans currency exchange 7 Aug 2008 22:50 GMT
    ... MUMBAI: Multi Commodities Exchange (MCX), India's leading commodities trading bourse, plans to leverage ... now, in India, a select group of banks and RBI registered dealers are allowed to trade ...

  • Crunch time line 7 Aug 2008 22:49 GMT
    ... not be able to pay out, forcing banks to announce another big round of losses. ... nations. But the resilience of China and India will temper the impact, so that growth ... Relative to the size of the UK banking system, this plan is much larger than ...

  • India may test futuristic jets by 2015 7 Aug 2008 22:38 GMT
    ... NEW DELHI: India hopes that the first developmental flight of ... Indo-Russian FGFA to become fully-operational, IAF is banking upon the 230 Sukhoi-30MKIs contracted from Russia ...

  • India: Housing boom declines, hinting at slower economy 7 Aug 2008 22:12 GMT
    ... India: Housing boom declines, hinting at slower economy New Delhi - Glistening marble floors. Landscaped lawns. A golf ... slow steady growth here, and several international banks have revised their 2008 growth forecasts down ...

  • Cash-for-vote: LS panel records oral evidence 7 Aug 2008 22:12 GMT
    ... NEW DELHI: The Lok Sabha committee inquiring into the cash-for-vote ... He has also pointed out that the banks from where the currency had been withdrawn ...

  • First winds of RBI reform? A new PSU will now manage Govt debt 7 Aug 2008 22:12 GMT
    ... major step in central bank reforms in India. In most developed economies, including the US, ... bias. Another conflict arises because of the banking sector regulator’s mantle the RBI dons. To ... RBI dons. To sell bonds, it asks banks to buy these, which may not be ...

  • Editorial comment: Credit crunch in a century's context 7 Aug 2008 22:11 GMT
    ... 1999 Glass-Steagall, the measure that separated US banks and securities traders, had been repealed. It ... it has caused to the systemically important banking sector, little affected in 1987, mean that ... will prove hard to reverse. China and India continue to grow fast. Even if there ...

  • Sapient Acquires Derivatives Consulting Group Limited 7 Aug 2008 22:07 GMT
    ... derivatives consulting and outsourcing services to investment banks, hedge funds, asset managers and commercial banking clients. DCG is a leader in partnering ... Sapient operates across North America, Europe and India. For more information, please visit www.sapient.com. Sapient ...

  • PSU banks spare old home loan customers rate hike 7 Aug 2008 22:06 GMT
    ... of the present upward revision of benchmark lending rate, Corporation Bank said. Bank of India and Hyderabad-based Andhra Bank increased the prime lending rate by 0.75 per cent from 13.25 ...

  • A tale of two trade balances: Germany surges, France plunges 7 Aug 2008 22:06 GMT
    ... such emerging market powerhouses as Brazil, Russia, India and China. “For Germany these countries — ... Andreas Riess of UniCredit Markets and Investment Banking. France on the other hand is seen ...

  • DCP Midstream Partners Reports Second Quarter 2008 Results 7 Aug 2008 22:02 GMT
    ... - Executing on significant organic growth opportunities in Piceance ... Parish and span over 150 miles to Delhi, La., providing access to multiple takeaway pipelines in ... our financial statements, such as investors, commercial banks, research analysts and others, to assess our ...

  • panic grips SBI account holders 7 Aug 2008 21:38 GMT
    ... Domariyaganj branch of the State Bank of India (SBI) in eastern Uttar Pradesh's Siddharthnagar district ... SBI is the only bank providing core banking facility and has the only ATM in the ...

  • Dena Bank hikes interest, deposit rates 7 Aug 2008 21:38 GMT
    ... lending rates, joining a slew of other banks that have revised rates recently following the central ... rate hikes by the Reserve Bank of India (RBI) include ICICI Bank, HDFC Bank, Punjab National ...

  • Commodities Super Cycle Heading for Demand Destruction? 7 Aug 2008 21:37 GMT
    ... the Fed's money printing orgy, even while banks and brokers worldwide had recognized $480 billion ... 4% through the first-year of the global banking crisis, then guided German schatz yields to ... support from central bankers in Brazil, China, India, and Russia, which tightened their monetary policies ...


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