DERIVATIVES MARKETS
Trading in derivatives equals gilts volume: Fitch
FITCH Ratings has said the derivatives markets has seen daily trading in interest-rate derivatives match that of Government securities. In a Special Report released on Thursday, the agency said that the market was still embryonic, both in ... More

PRIVATE BANKS
`Enough liquidity for banks to raise funds'
THE Reserve Bank of India has been, on an average, absorbing $8-10 million of excess liquidity a day in the recent past, according to the Deputy Governor, Dr Rakesh Mohan. Addressing a seminar on Thursday on the proposed guidelines on the ... More

PUBLIC SECTOR BANKS
SBI's `Karavali Loan Utsav' in Mangalore from Sept 11
ESTABLISHMENT of more number of branches and ATMs and introduction of various facilities for customers in coastal Karnataka seem to be the objectives of State Bank of India under its "Operation Karavali" scheme. As part of the scheme, the bank ... More

GOVT BONDS
Lukewarm response to 9-year floaters
THE Rs 4,000-crore auction of the nine-year floating rate bonds devolved on both the primary dealers (PDs) and the Reserve Bank of India on Thursday. The cut-off spread was fixed at 0.45 per cent while the base rate for the first year was ... More

MERGERS & ACQUISITIONS
Govt to amend laws to facilitate merger of PSBs
THE Finance Minister, Mr P. Chidambaram, today said that the Government would encourage consolidation within public sector banks and would help bring about a favourable legislative framework that would facilitate mergers. However, he said that ... More

DIVERSIFICATION
Shriram group to foray into insurance business — Beefs up ties with Ceylinco
CHENNAI-BASED Shriram group made three announcements on Thursday — its intention to get into life insurance business, association with Ceylinco Insurance Company of Sri Lanka to set up non-life insurance businesses in a number of countries ... More