Current Feed Content from 5 Oct 08 16:05
Real estate sector sees new project launches in the wake of festive season
Fri, 03 Oct 2008 12:41:44 +0530The on-going festive is likely to see increased activity in the home loan segment. Even though property sales have been declining, real sector developers across the country are launching new suburban apartments to attract home buyers who had postponed their purchase. People will now run towards the...Lehman, AIG exposures cost Rs 400 crore to Private Indian Banks
Wed, 01 Oct 2008 10:18:45 +0530The Indian private banking sector has incurred Rs 400 crore mark-to-market (MTM) losses due to their exposures to Lehman Brothers and AIG. Out of this amount 75% accounts to ICICI bank alone.MTM is based on the market value of underlying securities and it keeps varying. It is a notional loss but it...ICICI to help Pune Association in extending home loans
Mon, 29 Sep 2008 12:30:22 +0530Your dream house now within your reach!Real estate developers, The Promoters and Builders Association of Pune (PBAP) have taken a move to reach out to the flat buyers by launching a new scheme whereby a certain burden of interest rates for the first 24 months will be borne by the developers.The prov...Counterfeit notes recovered from Oriental Bank of Commerce
Mon, 29 Sep 2008 11:40:50 +0530Yet another fake currency scam in Uttar Pradesh came into light on Thursday when a Reserve Bank of India (RBI) team recovered counterfeit notes with a face value of Rs.1, 49, 000 from the currency chest of the Oriental Bank of Commerce(OBC) in Ghaziabad.RBI team found the fake currency in the Kavi Nag...ICICI’s ECS doesn’t work and they trouble customers
Fri, 26 Sep 2008 12:47:32 +0530Customers of the largest private lender - ICICI Bank face problem with the Electronic Clearance Service (ECS) mandate.ECS is a mode of electronic funds transfer from one bank account to another bank account using the services of a clearing house set up by Reserve Bank of India. This is normally for...Private Banks fall behind Public Sector Banks in real estate lending
Fri, 26 Sep 2008 11:15:27 +0530So what if the interest rates are rising and the economy is suffering from liquidity; banks have not stepped back from lending to real estate companies. In fact the public sector banks have left behind the private banks in this aspect. The growth in advances to the real estate sector by public secto...SBI denies interest in purchasing Lehman’s India assets
Thu, 25 Sep 2008 13:01:55 +0530India's largest bank, State Bank of India confirmed that there is no plan to purchase Lehman's India assets. The Bank was considered among the several lenders that are expected to buy US Investment bank Lehman's Indian assets.A top official of SBI said, "SBI does not have any interests in purchasing...Union: Banks employees to strike as talks fail
Thu, 25 Sep 2008 12:31:59 +0530India's public sector bank employees will go on a two-day strike from Wednesday after talks between United Forum of Bank Unions (UFBU) and Indian Banks Association in the presence of Chief Labour Commissioner S K Mukhopadhyaya in Delhi failed.United Forum of Bank Unions Convenor C H Venkatachalam sa...Bank of Baroda to expand in New Zealand
Tue, 23 Sep 2008 09:23:37 +0530The country's 6th largest bank, Bank of Baroda is all set to spread its banking operations in New Zealand, initially with a branch in Auckland.The Bank of Baroda had sent an application to RBI and the banking regulator refused to disclose anything beyond this. The bank is expected to function as a s...Barclays may acquire Lehman’s investment banking in India
Fri, 19 Sep 2008 11:35:03 +0530UK banking giant Barclays has emerged to rescue Lehman Brothers' investment banking operations in India. The Bank has already announced to acquire financial services major Lehman Brothers' North American investment banking, capital markets operations and supporting infrastructure for US $1.75 billio...
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