Dublin - In a move aimed at restoring confidence in the banking system and encouraging lending, Ireland's government on Sunday announced a 10-billion-euro (13.4-billion-dollar) rescue plan for the country's banks amid the deepening global financial crisis.
The government said it would use money from the 18.7-billion-euro state pension fund to invest and also wants existing shareholders and private investors to support a recapitalization.
New Delhi, Dec 12 : India will get 14 billion dollars from the World Bank over the next three years to facilitate infrastructure development projects and to achieve the Millennium Development Goals.
The World Bank Group’s new Country Strategy for India, discussed by the Institution’s board, envisages a total proposed lending program of 14 billion dollars for the next three years, the World Bank said in a statement.
The bulk loan offered to India is for developing its infrastructure projects and to achieve the Millennium Development Goals.
London - Ailing British lender Halifax Bank of Scotland (HBOS) Friday reported an increase in write-downs to 8 billion pounds (12 billion dollars) for the first 11 months of 2008.
The news sent shockwaves through the banking sector, causing HBOS shares to plummet by 16 per cent on the London stock market. Shares of Lloyds TSB, which is in the process of taking over HBOS, fell by 17 per cent.
The scale of the write-downs, coupled with a warning of more to come, was revealed as shareholders were due to vote Friday on the mammoth merger.
Amas Bank (Switzerland) Ltd has acquired 40 per cent stake in PATCO Investments & Consultancy Services Private Ltd. for an undisclosed amount. PATERSON is a Chennai-based stock broking firm, while Amas Bank is a global banking entity of the trans-national Hinduja Group, founded in 1978 as a finance company and granted banking license in 1994. Amas Bank is headquartered in Geneva, having offices in Zurich, Lucerne, Basle, St. Margrethen, Dubai, London, Paris, New York and Mauritius.
Home loan interest rates are all set to be cheaper as all public sector banks are planning to cut rates on small-ticket home loans by up to 300 basis points. RBI may also help the banks by relaxing the risk weight age norms. It is expected to revise the capital adequacy ratio (CAR) for every loan, which is currently 9 per cent.
Dublin - In a move aimed at restoring confidence in the banking system and encouraging lending, Ireland's government on Sunday announced a 10-billion-euro (13.4-billion-dollar) rescue plan for the country's banks amid the deepening global financial crisis.
New Delhi, Dec 12 : India will get 14 billion dollars from the World Bank over the next three years to facilitate infrastructure development projects and to achieve the Millennium Development Goals.
London - Ailing British lender Halifax Bank of Scotland (HBOS) Friday reported an increase in write-downs to 8 billion pounds (12 billion dollars) for the first 11 months of 2008.
Amas Bank (Switzerland) Ltd has acquired 40 per cent stake in PATCO Investments & Consultancy Services Private Ltd. for an undisclosed amount. PATERSON is a Chennai-based stock broking firm, while Amas Bank is a global banking entity of the trans-national Hinduja Group, founded in 1978 as a finance company and granted banking license in 1994. Amas Bank is headquartered in Geneva, having offices in Zurich, Lucerne, Basle, St. Margrethen, Dubai, London, Paris, New York and Mauritius. 
Home loan interest rates are all set to be cheaper as all public sector banks are planning to cut rates on small-ticket home loans by up to 300 basis points. RBI may also help the banks by relaxing the risk weight age norms. It is expected to revise the capital adequacy ratio (CAR) for every loan, which is currently 9 per cent. 
