MONEY & BANKING
INSIGHT
Mumbai as international finance hub — Reality check on bankers' dream
Developing nations seeking to benefit from financial globalisation should create the ground conditions to benefit from it. They cannot hope to reap gains merely by creating an International Finance Centre. Driven by bankers' dreams, the Percy Mistry panel report seems to expect the tail to wag the dog, says K. SUBRAMANIAN.
More
Banks stick to 2-year average maturity profile
Nimble on investments anticipating tight liquidity
More
FOREX
`$200 b forex no reason to rejoice'
`Letting rupee appreciate may help tackle problem of plenty'
More
Rupee gains 32 paise
The rupee appreciated by around 32 paise against the dollar on Friday to close at 42.52/53 on Friday, compared to the previous close of 42.84. The domestic currency opened at 42.77, touched an intra-day low of 42.82, before ...
More
Textile exporters' concern over hardening rupee
Export of textiles and clothing from India to major markets is sliding on account of strong rupee. The worried textile exporters have urged the Central Government to intervene so that the country does not lose its share in the world textile ...
More
HOUSING FINANCE
Reverse mortgage sans reverses
The Finance Minister, Mr P. Chidambaram, has made good his budget speech promise to senior citizens. The National Housing Bank has come up with draft norms for reverse mortgage, an idea whose time the Finance Minister seems to think has come in ...
More
LIFE INSURANCE
LIC premium income doubles
LIC has registered a whopping growth of 118.6 per cent in its first premium income in 2006-07 at Rs 39,541 crore against Rs 18,085 crore in the previous year. In the previous year-2005-06- the corporation had seen a growth of 48.6 per ...
More
Life insurers unfazed by high interest rates
The hardening of interest rates in the economy does not portend sharp decline in life insurance industry's premium collection growth rates in the current fiscal, say captains of the private insurance companies. The popular view is that rising ...
More
INTEREST RATES
Andhra Bank hikes lending rate
Andhra Bank has revised the Benchmark Prime Lending Rate (BMPLR) from the existing 12.25 per cent to 13per cent with effect from Friday. The upward revision in BMPLR is not applicable for housing loans up to Rs 15 lakh under ...
More
GOVT BONDS
Bond prices fall
Bond prices fell by around 20 paise on nervousness over the RBI stance to absorb surplus cash. Total traded volumes on the order matching system were Rs 1,660 crore (Rs 1,875 crore). "The sentiment is bearish and the securities which were ...
More
CORPORATE BONDS
BSE, NSE get SEBI nod for corporate bond trading
In keeping with the Budget proposals for developing an exchange-traded market for corporate bonds, the SEBI has permitted the BSE and the NSE to set up corporate bond trading platforms from July 1. The BSE and the NSE will make use of their ...
More
CREDIT MARKET
Crisil sees slowdown in credit growth
Increase in interest rates and the Reserve Bank of India's actions to reduce liquidity in the system will lead to a slowdown in credit growth. According to a ratings round-up by Crisil, banks will find it difficult to pass on the higher cost ...
More
SHORT TERM INSTRUMENTS
Call rates close higher
Call closed higher on Friday at 5 - 5.25 per cent against the previous close of 1.75 - 2.25 per cent. Banks placed over Rs 29,300 crore with the RBI on the reverse repo window while the RBI accepted Rs 3,000 crore. In the first ...
More
MORTGAGE
Reverse mortgage plan from PNB
Punjab National Bank (PNB) on Friday launched three new products and services including an innovative reverse mortgage scheme by the name `PNB Baghban' for senior citizens. Also launched on the eve of the 113th Foundation Day of the bank were ...
More
TRENDS
Forex leaps over $200-b mark
Strong dollar inflow likely to sustain
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds