Financial Daily from THE HINDU group of publications Thursday, March 30, 2006 |
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MONEY & BANKING GENERAL INSURANCE New India seeks overseas reinsurance partner By tying up with an international reinsurer, it hopes to diversify the mediclaim protfolio risk and gain expertise in designing products. In talks with Munich Re for mediclaim portfolio? More
Insurance union protests TN move FARM CREDIT Poultry sector relieved over Centre's measures But more steps such as free grains sought More OUTSOURCING Synechron expands KPO offerings Synechron, provider of application development and IT consulting solutions today announced the expansion of its high-end specialised mortgage banking knowledge process outsourcing (KPO) division. Talking to presspersons over ... More INSIGHT Whither transparency? Large government balances with the RBI, quietly allowing sub-accounts and participatory notes to ensure continued FII flows and directional shifts in the liquidity, are recent developments on which there has been only silence. The Reserve Bank of India needs to re-examine the framework and the institutional processes of policy-making. More
FOREX
Rupee weakens on month-end buyingThe rupee weakened on Wednesday as the Reserve Bank of India bought dollars. Month-end buying by oil companies also drove the rupee down. The rupee opened at 44.72/73 and touched a high of 44.5250/6350 on good inflows. But due ... More PUBLIC SECTOR BANKS Indian Bank sells priority sector loans, raises Rs 550 cr Indian Bank has raised Rs 550 crore by selling off a part of its priority sector loans to other banks, in what is called `inter-bank participation' deal, highly placed sources in the bank told Business Line. Under the deal, Indian Bank ... More GOVT BONDS Securities decline In the bond market, prices fell in reaction to `hawkish' statements made by the US Fed chief on Tuesday. The traded volume was around Rs 1,200 crore and prices fell by around 40 paise. A dealer at a private bank said that the US ... More CREDIT MARKET
`Firmer rates won't hit credit disbursements'Heavy demand for funds from across sectors, says Union Bank chief More SHORT TERM INSTRUMENTS Call rate closes at 6-6.2 pc The call rate closed at 6-6.2 per cent (5.8-6 per cent). In the two-day reverse repo, under the liquidity adjustment facility, the RBI accepted one bid, amounting to Rs 55 crore. In the second auction, the central bank accepted ... More FIXED DEPOSITS Banks raise FCNR (B) deposit rates Bank of Baroda and HDFC Bank are among the first to raise interest rates on FCNR deposits after the Reserve Bank of India increased the interest rate ceiling by 25 basis points. Now banks can offer up to LIBOR/ Swap rate as against the earlier ... More
Central Bank hikes term deposit rates INTERVIEW
`Interest rates are rising as there is no surplus liquidity'More PEOPLE Swarnkar is CMD, Syndicate Bank The Government has appointed Mr C.P. Swarnkar, Executive Director of Punjab National Bank (PNB), as Chairman and Managing Director of Syndicate Bank. Mr Swarnkar started his banking career with PNB as a probationary officer. He became a General ... More
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Union Budget 2006-2007 Economic Survey 2005-2006 Pick a Winner Stock Market Contest
Top Stories In Focus Infrastructure woes stare IT sector IPO Scams FDI in retail sector Dynamic Tirupur Surging Sensex Gold scaling new highs
In Depth Orissa Diary Gender Justice Simple Economics Tax Talk
Looking back Mar. 19-Mar. 25 Govt may have to pay more for borrowings The road to full convertibility Barclays to invest $70 m for corporate banking Asset prices worry RBI IDFC, Feedback launches infrastructure initiative TCS bags Rs 178-cr deal from BoM `Fraud risk preparedness very low' The story of SBI associate banks ECGC unveils scheme to provide credit risk cover Forex reserves up by $2 b Securitisation of assets: What it means? |
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