MONEY & BANKING
INSIGHT
The RBI’s silent signals
Monetary Policy — 2007-08
More
Rates are right, liquidity is not
The quarterly monetary policy review was awaited with the same angst as any annual policy. The reason is simple. In the past several weeks, interest rates in the interbank market for overnight money have plunged to near zero. Will this ...
More
FOREX
Rupee gains; ‘bound to strengthen further’
Mumbai, July 31 Triggered by a hike in the Cash Reserve Ratio by 50 basis points, the rupee strengthened by seventeen paise against the greenback on Tuesday. Market participants feel that with the kind of inflows the country is ...
More
FIEO upset over credit policy
New Delhi, July 31 The Federation of Indian Export Organisation has expressed disappointment over the first quarter review of monetary policy. In a statement, the FIEO President, Mr Ganesh Kumar Gupta, said that he expected the 2 per cent ...
More
CREDIT POLICY
‘Policy aimed at fixing benchmark for call rates’
Coimbatore, July 31 The Karur Vysya Bank Chairman, Mr P.T. Kuppuswamy, said: “the policy aims to address the short-term issue of excess liquidity in the banking system.” The call money rates, he said were lower ...
More
Mixed reaction from India Inc
New Delhi, July 31 Reacting to the quarterly review of Monetary Policy announced by the RBI on Tuesday, industry chamber FICCI said that the increase in Cash Reserve Ratio (CRR) should have been held in abeyance. If a hike had become ...
More
‘A correct measure’
Mangalore, July 31 The Chairman and Chief Executive Officer of Karnataka Bank Ltd, Mr Anantakrishna, has said that the RBI’s measure to increase the Cash Reserve Ratio (CRR) by 50 basis points is really required. He told ...
More
LIFE INSURANCE
Vijaya Bank to exit life insurance venture
Move hits Principal Financial entry plans
More
GENERAL INSURANCE
Education loans may come with life cover
PSBs may be told to provide online facility
More
FINANCIAL MARKETS
Bond prices crash; call rates may rise to 6% in a week
Mumbai, July 31 Bonds crashed by almost 60 paise while yields rose about 10 basis points on hike in Cash Reserve Ratio (CRR) by the Reserve Bank of India. Market players have said that the central bank has been hawkish in its tone. ...
More
PRIVATE BANKS
Dhanalakshmi Bank to expand branch network
More
TMB opens 187th branch at Ranipet
Madurai, July 31 Tuticorin-based Tamilnadu Mercantile Bank (TMB) has opened its 187th branch at Ranipet. Speaking on the occasion, Mr G. Narayana Moorthy, Managing Director and CEO of TMB, said the bank had been giving more thrust to ...
More
CRR & BANK RATES
Cash reserve ratio hiked by 0.5 percentage point to 7%
Mumbai, July 31 In a bid to drain out the excess supply of funds and ensure price and financial stability, the Reserve Bank of India on Tuesday hiked the Cash Reserve Ratio — the proportion of the deposits banks have to keep with the ...
More
CRR hike: Deposit rates may take a hit
’Dent on profits; No impact on lending rates’
More
‘A flatter yield curve is in offing’
Chennai, July 31 Mr Devendra Nevgi, CEO & CIO, Quantum Asset Management Company Pvt Ltd, said: “Banks would probably not hike lending rates, since the loan growth had already slowed down. But if the excess liquidity continues, ...
More
Divergent views on lending rates
Policy signals continuation of tight monetary stance
More
CREDIT MARKET
‘Watch on high exposure in capital market, realty’
We may intensify supervisory review of select banks: Reddy
More
FIXED DEPOSITS
Banks cut deposit rates
Canara Bank has revised rates of interest downwards to 9 per cent on the branded Centenary Deposit Scheme with immediate effect. The scheme, introduced in March, was for raising one-year deposits. The bank had then offered an interest rate of ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds