Business Daily from THE HINDU group of publications
Wednesday, February 10, 2010
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, February 10, 2010 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING PUBLIC SECTOR BANKS: SBI hints at interest rate hike in April Lending rates may go up only from the first quarter of the next fiscal, the state Bank of India Chairman, Mr O. P. Bhatt, hinted here today. SBI is likely to take a call on hiking the lending rates ... RBI & OTHER CENTRAL BANKS: Banks seek RBI nod to cut interest on savings accounts Commercial banks want the interest rate on savings bank deposits cut to 2.5-3.0 per cent from 3.5 ... CONSUMER FINANCE: Low cost of funds boosts Q3 numbers of vehicle-financing NBFCs Commercial vehicles sales also post robust growth. Low cost of funds has played as much an important role as the upswing in sales of trucks for vehicle-financing non-banking finance companies (NBFCs) to report a robust performance in third ... TECHNICAL ANALYSIS: USD-INR future faces resistance at 47 Rupee spiked higher last week as fears sparked by mounting debt in Greece, Portugal, and Spain sent risk-aversion soaring. This made dollar strengthen against other currencies even as the euro plunged to eight-month low against the ... CORPORATE BONDS: Corporate bond repos: Much ado about nothing Recently, with much fanfare, the RBI announced guidelines for repos in corporate bonds. Is it something ground-breaking or old wine in a ... FINANCIAL POLICY: RBI eases ECB norms In a move that will make External Commercial Borrowing easier and faster for corporates, the RBI has allowed Authorised Dealers or banks to perform functions that earlier required the consent of the ... FOREX: Rupee gains tracking equities The rupee gained by almost 20 paise, due to a weak dollar in the overseas market and tracking the positive domestic equity market. The rupee opened at 46.77 and closed at 46.64, against the previous close of 46.83/84. It touched a high of ... SHORT TERM INSTRUMENTS: Call rate ends higher The inter-bank call rate ended marginally higher at 3.3-3.35 per cent on Tuesday, against the previous close of 3.25-3.30 per cent. Under the liquidity adjustment facility (LAF) conducted by the Reserve Bank of India, there were no bids in ... DEBT MARKET: Bond prices fall marginally Bond prices fell marginally on Tuesday as traders were wary of taking long positions ahead of the Budget. The participants are adopting a wait and watch stance. They are awaiting the announcement of the government borrowing programme for the ... LIFE INSURANCE: AEGON Religare Life capital infusion AEGON Religare Life Insurance has infused an additional capital of Rs 85 crore into its business, taking the capital base of the company to Rs 550 crore, the life insurer said in a press release. In this financial year, the company has infused ... GENERAL INSURANCE: Dr Car insurance offer Dr Car, a trading platform for automotives, today announced new and aggressive insurance rates for Maruti cars which the company claimed was lower by about 35 per cent.The company has tied up with National General Insurance to offer ... NON-PERFORMING ASSETS: SBT loan settlement camp State Bank of Travancore (SBT) has settled defaulted loans to the tune of Rs 4.50 crore and recovered Rs 61 lakh on the spot at the ‘loan settlement camp' held at the bank headquarters here. A bank spokesman said here that 450 ... RBI & OTHER CENTRAL BANKS: ‘Financial literacy tram' As part of the series of initiatives being undertaken to spread financial literacy among general public on the occasion of its platinum jubilee celebrations, Reserve Bank of India proposes to launch a ‘financial literacy tram' in the ... REGIONAL RURAL BANKS: Deccan Grameena Bank branch Deccan Grameena Bank has opened its 209 th branch at Snehapuri here on Monday. Dr Krishna Mohan, Regional Director of Reserve Bank of India, formally inaugurated the branch. The bank, which is sponsored by State Bank of Hyderabad, has a ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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