Staff College, Ahmedabad

News Flash 27.07.2012

A target of Rs.75000/- Crs agricultural credit disbursal has been fixed for 2012-13 for banks. Also short term farm loans may be restructured to contain the effects of a weak monsoon, restructuring of shorter term crop loans by banks could also be considered bedside a normal agriculture package (BS) SBI, countrys largest lender has raised $1.25 billion via MTN issue from investors abroad at 4.125% for 5 years. It was the second largest single tranche bond sale that garnered overwhelming response despite recent concern by international credit rating agencies on the countrys economy(BS) Sensex dropped to its lowest close since early June despite broad gains in Asian shares, as lender were hit by expectation the RBI will keep interest rates on hold next week. (BS) Number of Indian households that are delinquent on mortgage payments is on a rise in small and big cities across the country, says CIBIL. Number of home loans defaulters might rise if the trend continues in 2012, said CIBIL (IE) State run IIFCL has signs deal worth Rs.4000 Crs this year, the highest ever in six month against total deals of Rs.1500 Crs since the concept was first approved since the concept was first approved in 2009. Transactions have also made it profitable for banks to sell their loan portfolios to IIFCL (ET). PM slated to meet India Inc on August 1 to discuss ways to improve the investment climate and expected to take up macro-economic issues. India Inc has been asking for a cut in interest rates to boost investments (FE) Finance Ministry has directed PSBs to continue providing loans and banking facilities to exporters, whose shipment are passing through the ports of Iran for onward shipment to other countries. (FE) Government to increase FDI in the defense sector from the present ceiling of 26%, recommended Naresh Chandra Task Force on National Security (TOI) Gujarat government has lined up projects worth Rs.6500/- Crs for water supply and underground sewage in 159 smaller cities of the sate (ET)
Banking Data
Call Rate 5 yrs G Sec 10 yrs G Sec CRR/SLR(10.03.2012) Repo Rate/Rev. Repo Rate(18.04.2012) 8.00 8.02 8.10 4.75/24 8.00/7.00

Market
$/ SENSEX NIFTY BPLR of our Bank (01.05.12) Base Rate of our Bank (01.05.12)

(26.07.2012)
55.52 16640 5081 14.75% 10.50%

This is an initiative of Staff College, Ahmedabad - Compiled by its Faculty Team Disclaimer: The above does not purport to substitute or supplement banks extant guidelines on operational issues. Academy of Excellence Inventing Methods for Igniting Minds

Staff College, Ahmedabad

6 Month LIBOR 0.73% Forex Res. (13.07.2012)

News Flash 27.07.2012

$286.75billion

This is an initiative of Staff College, Ahmedabad - Compiled by its Faculty Team Disclaimer: The above does not purport to substitute or supplement banks extant guidelines on operational issues. Academy of Excellence Inventing Methods for Igniting Minds