Financial Daily from THE HINDU group of publications
Thursday, July 21, 2005
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Financial Daily from THE HINDU group of publications Thursday, July 21, 2005 |
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MONEY & BANKING INSIGHT Monetary Policy making — Transparency under the scanner Though not an institutional arrangement like the UK's Monetary Policy Committee that guides and chalks out the policy and influences expectations, the Technical Advisory Committee on Monetary Policy, set up by the RBI, will hopefully act as a catalys t for public opinion, especially of academics and serious financial journalists, to pressure the Government to institutionalising policy committees to serve greatest good to the greatest number. There are still many miles on this path, but it is wort h traversing, says A. Vasudevan. More FOREX Rupee range-bound; gilts rule steady MUMBAI: The rupee gained slightly on Wednesday on good dollar selling, though the movement was range-bound. The spot rupee opened at 43.5305/54 and ended trade at 43.52, a shade higher than Tuesday's close of 43.54. There was some buying ... More INFORMATION TECHNOLOGY Take IT gains to rural areas, RBI tells banks THE Reserve Bank of India has released its Financial Sector Technology Vision Document for the period 2005-08. The document aims to provide inputs for banks on the RBI's medium term policy perspectives in this area. The Vision document ... More LIFE INSURANCE New Birla Sun Life schemes MUMBAI: Birla Sun Life has launched Life Companion Plan, aimed at the middle market segment. The plan is available in two variants - money back and endowment. ... More PRIVATE BANKS Karnataka Bank opens 44th ATM KARNATAKA Bank Ltd opened its 44th ATM at Sringeri, a pilgrim centre in Chikmagalur district, on Tuesday. A bank release said here on Wednesday that Sri Bharathi Tirtha Swamiji of Sringeri Math inaugurated the ATM. Mr Ananthakrishna, ... More PUBLIC SECTOR BANKS PNB to offer 12-hour banking NEW DELHI: Punjab National Bank has decided to offer 12-hour banking services at all its 650 centralised banking branches across 41 cities in the country. During the extended hours customers would be able to access all types of banking ... More
FINANCIAL INSTITUTIONS SIDBI, IL&FS in pact to develop textile parks TO boost small and medium textile units, IL&FS and SIDBI Ltd have come together to provide infrastructure and financial support to develop textile parks. Under an MoU signed between the two institutions on Wednesday, IL&FS will give ... More GOVT BONDS G-sec resale norms relaxed IN order to deepen the government securities market, Reserve Bank of India has decided to permit buyers of securities from original allottees to resell them on the same day. At present, buyers of securities are not allowed to re-sell them ... More
Reverse repo auction amounts shoot up MONETARY POLICY RBI panel meets THE Reserve Bank of India's Technical Advisory Committee (TAC) on Monetary Policy held its first meeting here today. The meeting was chaired by the Governor, Dr. Y.V Reddy. A press release said the committee reviewed the macroeconomic ... More NON-PERFORMING ASSETS 12.7 pc priority sector loans are NPAs: Economic Survey THANKS to the tightening up of provisioning norms over the years, there is far greater transparency today about NPAs of banks than there was a decade ago. Even so, there is a great deal of information that is not in the public domain. No one, ... More SHORT TERM INSTRUMENTS T-bill auctions fully subscribed THE auctions of the 91-day and the 364 -day Treasury bills on Wednesday were fully subscribed, said a Reserve Bank of India press release. The notified amount for the 91-day Treasury bill was Rs 2,000 crore. The RBI received 46 competitive ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jul. 10-Jul. 16 Forex reserves fall by over $1 b `Size, risk management vital for banks in future' HSBC group to invest $50.6 m more in India Union Bank stock returns 124 pc Motor third party liabilities — PSU insurers want pvt sector to share losses Global uncertainties have increased, says RBI Governor HDFC first quarter net up 21% Price stability, prime concern for RBI BSNL takes group life cover from LIC for Rs 4,770 cr |
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