MONEY & BANKING
FINANCIAL SERVICES
Egmont Group gets new member
Financial Intelligence Unit-India (FIU-IND) has been admitted as a member of the Egmont Group at its recent Plenary Session at Hamilton, Bermuda. The Egmont Group is the international organisation for stimulating cooperation amongst FIUs ...
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FOREX
Foreign currency loans: IOC may save Rs 150 cr on interest
Forex rate of June 29 will be benchmark for interest payments
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Re gains 10 paise against dollar
The rupee strengthened by about 10 paise against the greenback on Monday backed by strong inflows into the market. Rupee closed at 40.77/78, up from the previous close of 40.87. The home currency opened at 40.76 and saw an ...
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NBFCS
Repco Bank sets up NBFC arm for funding small units
Awaits Govt nod to become commercial bank
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HOUSING FINANCE
Software tool for reverse mortgage products
An upgrade of Nucleus' `FinnOne' range of lending tool
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PRIVATE BANKS
Centurion Bank bullish on growing in Gangtok
The bank, according to Mr Shailendra Bhandari, Managing Director & CEO, hopes to tap the potential with its products and services, including personal loans, mortgages, wealth management products such as life and general insurance through its ...
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GOVT BONDS
Bond prices fall on excess cash
The bond prices fell by about 55 paise and the yields went up by 8 basis points backed by the surplus cash in the system. The yields on the 10-year paper ended at 8.2 per cent against the previous close of 8.28 per cent. "The ...
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CORPORATE BONDS
SBI gets `BB' rating for perpetual bonds
Global rating agency Standard & Poor's assigned its `BB' rating to State Bank of India's proposed $225-million Hybrid Tier I perpetual bonds indicating it as non-investment grade. The bonds would be issued under its $5-billion Medium Term Notes .
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SHORT TERM INSTRUMENTS
Call rates down at 2.75-3%
Call rates ended at 2.75 per cent to 3 per cent against the previous close of 3 per cent to 3.25 per cent. There were no repo bids in the first liquidity adjustment facility. In the first one-day reverse repo auction, the RBI ...
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MERGERS & ACQUISITIONS
`Stake sale in Intelenet will provide right impetus'
HDFC believes that the stake sale in the BPO company Intelenet is a win-win situation for all entities involved. "The BPO business today needs more focus and we believe that the new arrangement would provide the right impetus," said Ms Renu S. ...
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OUTLOOK
PNB drops equity offer plan
May opt for tier-II capital, innovative perpetual debt to fund growth
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PERFORMANCE
Global operations doing well, says ICICI Bank
Foreign operations accounted for 19% of consolidated balance sheet
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