The Hindu Business Line : Saturday, November 21, 2009

MONEY & BANKING

DEBT MARKET: Corporates swamp the bond market
Owing to lower interest rates, surplus liquidity. Mumbai, Nov. 19 At least 10 companies, including public sector undertakings, are expected to tap the corporate bond market over the next two months to take advantage of the lower interest rates ...

NON-PERFORMING ASSETS: Banks find DRT a better recovery mechanism
Borrowers often do not honour commitment reached in Lok Adalats. Chennai, Nov. 20 Lok Adalats have not proved to be a good means of effecting recoveries from bad loans, statistics show. The ‘public courts’ have accounted for only 5 ...

GOVT BONDS: India’s exposure to US bonds least among BRIC nations
Kolkata, Nov. 20 India has not only reduced its investments in US Treasury bonds between May and September, but stood least exposed among the other BRIC nations relative to their respective foreign exchange ...

CORPORATE BONDS: Lower interest rates make bonds attractive
Mumbai, Nov. 20 A recent trend emerging in the corporate bond market is that of companies issuing floating rate bonds, as they try to take advantage of the lower interest ...

LIFE INSURANCE: HDFC Standard Life plans IPO next fiscal
Private sector life insurance company HDFC Standard Life said on Friday it plans to come out with an Initial Public Offer (IPO) in the next financial ...

GOVT BONDS: Bonds rally on auction cues
Bond prices rallied on Friday on the back of the bullish auction cut-off announced by the Reserve Bank of India. Prices rose by more than 50 paise after the cut-off yields were lower than market expectations, said dealers. The RBI auctioned ...

ALLIANCES & JOINT VENTURES: Tokio Marine, Edelweiss Capital tie up
Japanese insurance major Tokio Marine Holdings is entering the Indian life insurance space. The company has inked an agreement with Edelweiss Capital to set up a life insurance venture here. Tokio Marine is already present in the general ...

SHORT TERM INSTRUMENTS: Call rate ends lower
The inter-bank call rate ended marginally lower at 3.20-3.30 per cent, against the previous close of 3.3-3.4 per cent.Under the liquidity adjustment facility (LAF) conducted by the Reserve Bank of India, there were no bids in the ...

CREDIT MARKET: ‘Predatory lending’ draws RBI’s attention
Aggressive poaching of customers could lead to bad loans. Mumbai, Nov. 20 The possibility that some banks may be resorting to “predatory lending” in the face of lacklustre appetite for loans and advances has caught the banking ...

LIFE INSURANCE: New Tax Code may give a fillip to long-term life policies
New Delhi, Nov. 20 Long-term life insurance policies are expected to grow in popularity if the EET (exempt exempt tax) regime under the proposed Direct Tax Code comes into force ...

FINANCIAL INSTITUTIONS: SKS Micro sees scope in cross- selling products
Chennai, Nov. 20 With 5.5 million members (borrowers) under its belt, Hyderabad-based SKS Microfinance sees big scope in cross-selling physical and financial products ...

FOREX: Forex reserves rise $962 million
Mumbai, Nov. 20 The country’s foreign exchange reserves increased by $962 million to touch $286.376 billion for the week ended November 12, according to the Reserve Bank of India’s Weekly ...

PEOPLE: New MD for Bank of Rajasthan
Mumbai: Mr G. Padmanabhan has been appointed as the Managing Director and CEO of Bank of Rajasthan for a period of two years, the bank said in a press release. He succeeds Mr P. L. Ahuja who vacated office after the completion ...

FOREX: Rupee gains on dollar inflows
The rupee gained marginally on dollar inflows and tracking the equities markets. The rupee opened lower at 46.75 and gained to 46.53, due to huge inflows, during the day. However, it fell towards the close and ended trade at 46.63/64, about ...

PRIVATE PLACEMENT: DCB raises Rs 81 cr thru QIP
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