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October 21, 2011 2:54 PM

FinMin to devise capital support plan for public sector banks

The Finance Ministry is preparing a roadmap for providing long-term capital support to public sector banks. Banking Secretary D K Mittal told reporters in New Delhi today that the Ministry is examining proposals for capital requirement of banks during the current fiscal as well as capital requiremen...

October 21, 2011 2:54 PM

FinMin to devise capital support plan to for public sector banks

The Finance Ministry is preparing a roadmap for providing long-term capital support to public sector banks. Banking Secretary D K Mittal told reporters in New Delhi today that the Ministry is examining proposals for capital requirement of banks during the current fiscal as well as capital requiremen...

October 21, 2011 2:42 PM

Sensex recovers by 12 pts in noon trade

The Sensex at the Bombay Stock Exchange fell 44 points, or 0.3 per cent, to 16,892 in the first few minutes of trade, this morning, on continued selling by investors, on fears of an impending interest rate hike by the Reserve Bank of India. But the Sensex later recovered lost ground, to stand a slim...

October 21, 2011 2:30 PM

NHB bans pre-payment penalty on home loans

The National Housing Bank, NHB has banned all Housing Finance Companies from charging pre-payment penalty on home loans. In a notification, NHB has stated that Housing Finance Companies, HFCs cannot levy a charge for early payments of home loans. NHB has also directed all HFCs to have uniform rates ...

October 21, 2011 2:05 PM

Sensex sheds 44 pts in opening trade

The BSE benchmark Sensex shed 44 points in opening trade today. The 30-share BSE index, which lost 148.45 points in the previous session, declined further by 44.49 points, or 0.26 per cent, to 16,892.40 in the first few minutes of trade.In a similar fashion, the wide-based National Stock Exchange Ni...

October 21, 2011 1:10 PM

FinMin to devise capital support plan to public sector banks

The Finance Ministry is preparing a roadmap for providing long-term capital support to public sector banks. Banking Secretary D K Mittal told reporters in New Delhi today that the Ministry is examining proposals for capital requirement of banks during the current fiscal as well as capital requiremen...

October 21, 2011 12:54 PM

Rupee depreciates by 37 paise

The Indian rupee depreciated by 37 paise at a fresh 30-month low of 50 rupees 17 paise against the US dollar today on sustained dollar demand from importers and some banks amid firmness of the American currency overseas. Yesterday, the rupee had plunged by 65 paise to close at a nearly 28-month low ...

October 21, 2011 10:30 AM

Rupee depreciates by 27 paise

The Indian rupee plummeted by 27 paise to a fresh 28-month low of Rs 50.07 per US dollar in early trade today. Yesterday, the rupee had plunged by 65 paise to close at a nearly 28-month low of Rs 49.80 against the American currency.

October 21, 2011 10:05 AM

Sensex sheds 44 pts in opening trade

The BSE benchmark Sensex shed 44 points in opening trade today. The 30-share BSE index, which lost 148.45 points in the previous session, declined further by 44.49 points, or 0.26 per cent, to 16,892.40 in the first few minutes of trade.In a similar fashion, the wide-based National Stock Exchange Ni...

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