MONEY & BANKING
FINANCIAL SERVICES
Rs 37 cr service tax recovery case against Sahara group co
Evasion by Skoda, LG also, says Central Excise Intelligence
More
FOREX
Forex reserves rise $1.2 b
Forex reserves rose by $1.202 billion to $166.153 billion for the week ended October 20, due to a rise in foreign currency assets. In the previous week, reserves fell by $324 million to $164.95 billion. Foreign currency assets ...
More
Rupee gains 7 paise against dollar
The rupee strengthened against the dollar by around seven paise on strong FII inflows into the stock markets. The home currency opened at 45.22 and closed at 45.19. On Thursday, it ended at 45.26. There was little activity as the ...
More
FINANCIAL PERFORMANCE
Bank of India net rises 61 pc on higher interest income
Retail foray helps to cut cost of deposits, says CMD
More
LIC Housing Fin Q2 net up 30.1 pc
Total income rises to Rs 384.31 cr
More
NBFCS
Peerless celebrates Platinum Jubilee
Peerless General Finance & Investment Company Ltd, a major residuary non-banking company (RNBC), celebrated its platinum jubilee at a function here recently. It was attended by, among others, the West Bengal Chief Minister, Mr ..
More
LIFE INSURANCE
Kotak Life enters Vizianagaram
Kotak Life Insurance has made a foray into Vizianagaram district of Andhra Pradesh through a tie-up with Sakshi Investments. The tie-up would enhance Kotak's presence, as the latter has a strong base of share trading clients, ...
More
PUBLIC SECTOR BANKS
SBI opens Singur branch
Plans to expand network in rural, semi-urban areas
More
CanBank `financial inclusion' drive
The Neyyattinkara branch of Canara Bank conducted a programme for SC/ST beneficiaries on Thursday as part of the bank's nation-wide campaign for financial inclusion of these beneficiaries falling within a given command area. Over ...
More
GOVT BONDS
Bond prices rise 20 paise
Bond prices rose 20 paise reacting to the release of the inflation data. A few long-dated securities moved up by as much as 30 paise. The total traded volume on the order matching system was Rs 2,750 crore (Rs 2,345 crore). Dealers said ...
More
CREDIT MARKET
Bank credit falls Rs 11,014 cr
Gross bank credit has gone down by Rs 11,014 crore to Rs 16,43,720 crore as on October 13, according to RBI's Weekly Statistical Supplement. Food credit dropped by Rs 13 crore to Rs 33,445 crore and non-food credit fell by Rs ...
More
SHORT TERM INSTRUMENTS
T-bills auction
The Reserve Bank of India hasannounced the auctions of 91-day Treasury bills and 182-day Treasury bills for November 1, using the multiple price method. The notified amount for the 91-day T-bills is Rs 2,000 crore, of which Rs ...
More
Call ends at 6.8-6.9 pc
Call closed at 6.8-6.9 per cent (7-7.1 per cent). In the first three-day reverse-repo auction under LAF, the Reserve Bank of India received and accepted six bids for Rs 4,160 crore. In the second three-day reverse repo auction, ...
More
CREDIT CARDS & DEBIT CARDS
`Indus GOLD Debit Card' launched
IndusInd Bank has launched "Indus GOLD Debit Card" in association with VISA at an annual fee of Rs 350 (plus service tax). The card has a daily withdrawal limit up to Rs 50,000 from ATMs, said a press release from the bank. ...
More
TRADE & LABOUR UNIONS
Bank strike total in Bengal
The bank strike called by the United Forum of Bank Unions (UFBU) was successful in West Bengal with employees heeding the call in large numbers. The UFBU is expected to hold a meeting early next month to decide upon future strategy. Various ...
More
Strike hits clearing operations
The one-day nationwide strike called by the United Forum of Bank Unions (UFBU) hit banking services, including clearing operations across the country. Over 10 lakh employees and officers of nationalised banks stayed away from work. Cheque ...
More
IPOS
DCB, Global Vectra debut at the bourses
Development Credit Bank Ltd and Global Vectra Helicorp Ltd, an offshore transportation services helicopter company, made their debut on the stock markets today. DCB was listed at Rs 35.35, a premium of 35.96 per cent over the issue price of Rs ...
More
PERFORMANCE
Third-party vending biz is new revenue source
Banks earn fee from sale of insurance products, MFs
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds