Search Results for: banking

BSE Sensex Closes 2-weeks High; Lenders Anticipate Rate Cut

The BSE Sensex was up by 0.68 percent on Tuesday, its highest close in two weeks. Heavy Electricals (BHEL) gained after posting positive provisional earnings and lenders also expect the Reserve Bank of India (RBI) to cut rate this month.

Apr 3, 2012

Teachers Credit Union Now A Bank; Lenders Jack Up Fixed Mortgage Rate

Due to the rising dissatisfaction level among Australians with large banks, more people are bringing their business to credit unions. As a result of this change, a number of Aussie credit unions are becoming banks.

Apr 2, 2012

Analysts Say Big 4 Could Cut Rates In April Due to Lower Funding Costs

Lower funding costs would allow the big four to cut interest rates on loans in April, while still protecting their profits, analysts said on Friday.

Mar 30, 2012

BSE Sensex Closes 1 Percent Down; Banks Lead Fall

The BSE Sensex gained over 1.2 percent in the previous session but it closed nearly one percent down on Wednesday. Banks lead the fall on worries of a rise in cost of funds and heavy government borrowing.

Mar 28, 2012

BSE Sensex Falls for Third Straight Session

The BSE Sensex fell yet again on Monday as the country's financial sectors like banks have been hit. Earning worries also hit the technology stocks, leading to fall of stocks for a third straight session.

Mar 19, 2012

Union Budget: Government to Move Amendments for Banking, Insurance Laws

The official amendments to "The Pension Fund Regulatory and Development Authority Bill 2011", "The Banking Laws (Amendment) Bill, 2011" and "The Insurance Laws (Amendment) Bill 2008" will be moved in the current session of the Parliament.

Mar 16, 2012

Union Budget 2012-13: Summary

The Union Budget 2012-13 identifies five objectives to be addressed effectively in the ensuing fiscal year. Here is the summary of the general budget.

Mar 16, 2012

indias-finance-minister-pranab-mukherjee

Economic Survey 2011-12 Projects 5 Percent Industrial Growth in Current Financial Year

The Economic Survey 2011-12, tabled in the Lok Sabha Thursday by Finance Minister Pranab Mukherjee, has projected the industrial-sector growth during the current financial year to be between 4 to 5%.

Mar 15, 2012

Volatility in Global Financial Markets Likely to Tighten Availability and Cost of Foreign Funding

Given the weak global economic prospects and continuing uncertainties in the international financial markets, the availability and cost of foreign funding for banks and corporate is likely to be negatively impacted, said Indian Finance Minister, Pranab Mukherjee in Lok Sabha Thursday.

Mar 15, 2012

Indian Stocks End Higher, Banking Shares Surge

Indian stock markets ended higher for the fourth day Wednesday, led by gains from banking and Capital Goods sector stocks.

Mar 14, 2012

Census 2011 Highlights: India Has More Cell Phones Than Toilets

In a surprising fact about India, the Census 2011 survey has revealed that more than half of the Indian population does not have a lavatory while more people own mobile phone or telephone.