Tuesday, March 11, 2008

BANKING & FINANCE

India is indebted to farmers: Chidambaram

Times of India - India
SBI plans to open at least 2000 branches in rural India in the next two years. It also proposes to spread banking services to over one lakh villages, ...
 

HSBC, Barclays may take inorganic route to grow
Economic Times - Gurgaon,Haryana,India
HSBC Bank with its 47 branches in India has a significant presence in the consumer finance segment. It is also rapidly scaling up its businesses in segments ...
 

Banking sector will not be hit by $15 billion loan waiver: FinMin
International Business Times - New York,NY,USA
Union Finance Minister P. Chidambaram is trying to soothe the frayed nerves of the banking sector by assuring that the $15 billion loan waiver package for ...
 

Chidambaram: 9% growth will take care of loan waiver
Hindu Business Line - Chennai,India
"The same growth rate would continue and I have the support of the Prime Minister," he said while inaugurating the 2956th branch of Bank of India at ...
 

Sub-prime woes
Economic Times - Gurgaon,Haryana,India
... from the minister of state for finance, Pawan Kumar Bansal, in Parliament, not from the bank or the banking sector regulator, the Reserve Bank of India. ...
 

Margin blues may take toll on bank scrips
Business Standard - Mumbai,Maharashtra,India
Banking stocks are likely to drop next week as their fourth quarter earnings are expected to be under pressure, according to analysts and brokers. ...
 

Banking system will not be constrained by waiver: FM
Economic Times - Gurgaon,Haryana,India
NEW DELHI: Finance minister P Chidambaram believes that the Rs 65000-crore farm waiver package will strengthen the banking system and that the central bank ...
 

Barclays offers mobile banking services
Hindu - Chennai,India
The bank is also in talks with micro finance institutions to offer the service. With just five branches in India and a customer base of around six lakh the ...
 

Indian Stocks Complete Worst Week in 21 Months; Banks Lead Fall
Bloomberg - USA
State Bank of India, the nation's largest by assets, fell to its lowest in more than four months after Finance Minister Palaniappan Chidambaram said lenders ...
 

Special Article
The Statesman - Kolkata,India
However, the total impact is likely to be negative on India. There was a need to take new initiatives in the sunrise services to face this. The Finance ...

 

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