The Hindu Business Line : Saturday, April 22, 2006

Rupee weakens
The rupee depreciated against the dollar on Friday on the back of oil related demand. The domestic currency opened at 45.12/1250 and touched an intra-day low of 45.15. It closed the day at 45.1450, down from 45.09/10 on Tuesday. ... More

INSURANCE

MNC insurers in talks for foray here
The insurance industry is likely to attract three or four new multi-national companies to start activities in India this fiscal, the Insurance Regulatory and Development Authority (IRDA) Chairman, Mr C.S. Rao, has said. Talking to newspersons ... More

CREDIT POLICY

Credit policy disappoints small sector
The small-scale sector is disappointed with the annual policy statement of the Reserve Bank of India for 2006-07. The Madurai District Tiny And Small-Scale Industries Association, in a statement here, said that by reining in the flow of funds ... More

NBFCS

Element of discrimination
Service tax relief for NBFC industry More

LIFE INSURANCE

Coimbatore LIC division puts up a robust show
Records 24 per cent growth in sale of new policies More

Claims on customer satisfaction
Birla Sun Life Insurance has achieved a score of 97 per cent in its customer satisfaction survey. According to a press release, the overall customer satisfaction scores of Birla Sun Life Insurance have shown a continuous upward ... More

FINANCIAL INSTITUTIONS

KSFC may be converted into universal bank
Former SIDBI chief appointed as consultant to prepare turnaround strategy More

INTEREST RATES

NRE deposit rates hiked
Central Bank of India increased the interest rates on non-resident (external) rupee time deposits by 30 basis points across all maturities with immediate effect, said a press release from the bank. The rates on NRE time deposits ... More

GOVT BONDS

Buying interest in bonds
In the bond market, prices inched up cushioned by the ample liquidity in the system. Dealers said that despite the rise in oil prices and hardening of the US yields, there was buying interest in the bond market. "Traders who ... More

CREDIT MARKET

United Bank in pact with SMERA
United Bank of India (UBI) has entered into a tie-up with SME Rating Agency India Ltd (SMERA) to increase the bank's lending to SMEs. An MoU between the two was signed on Thursday.The arrangement, according to a release from by UBI, will help ... More

SHORT TERM INSTRUMENTS

Call rates remain steady
The call rate was unchanged at 5.5/5.6 per cent. In the three-day reverse repo auction under LAF, the RBI received and accepted 34 bids amounting to Rs 27,670 crore in the first auction and 31 bids for Rs 34,405 crore in the ... More

FIXED DEPOSITS

Centurion Bank of Punjab raises deposit rates
Centurion Bank of Punjab raised interest rates of domestic term deposits for various maturities with immediate effect. According to a press release issued by the bank, the revised rate on domestic term deposits of Rs 15 lakh, for a period of five ... More

ALLIANCES & JOINT VENTURES