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FOREX
‘Tax sops will help offset Re impact’
Nasscom in talks with Govt for help: Karnik More

Rupee sheds 7 paise
The rupee weakened by about seven paise against the greenback on Monday due to the bearish domestic stock market. The home currency closed at 40.41, down from the previous close of 40.34. It opened at 40.46/47 and saw an intra-day low of 40.52 ... More

EDUCATION
IFBI opens more centres
New Delhi, Aug. 6 The Institute of Finance, Banking & Insurance has set up centres in Ahmedabad and Pune and added two more in Delhi NCR, taking the total tally to 10 across the country. The institute has also extended its portfolio by ... More

SOFTWARE
TCS Fin gets $200-m deal for banking tool
Bangalore, Aug. 6 TCS Financial Solutions, the strategic business unit of Tata Consultancy Services (TCS), is targeting Asia Pacific, West Asia, Africa and Latin America for its financial products suite BaNCS. It has bagged 150 deals in the ... More

CONSUMER FINANCE
Special Onam rates for SBT home and car loans
Thiruvananthapuram, Aug. 6 State Bank of Travancore has announced Onam festival concessions of 0.50 percentage points on housing and car loans sanctioned from Saturday till the end of the month. The processing charges will be waived ... More

CREDIT RATING
Moody’s rating on rupee bonds unchanged
International rating agency, Moody’s Investor Service, has retained its rating of ‘Ba2’ for India’s local currency bonds, which is two notches below investment grade. Moody’s had originally assigned this rating in ... More

GOVT BONDS
Bond prices tad higher
More

CRR & BANK RATES
Call rates rise to over 6%
The inter-bank call rates rose to 6 per cent — between RBI’s signal rates of repo and reverse repo — on Monday, the first trading day after the 50 basis point hike in CRR came into effect on August 4. The call closed ... More

CREDIT MARKET
Dena Bank in pact with credit raters
Part of capital allocation strategy More

Live quotes for loan seekers
Loan seekers would have the opportunity to interact directly with banks through a live chat to get their loan queries answered. Deal4loans.com is organising a chat session for the customers in New Delhi on August 8, where they would be able to ... More

FIXED DEPOSITS
SBI cuts short-term deposit rates
Rates hiked for 3 years and more More

Banks trim deposit rates
Deepest cuts have come in very short time buckets More

EVENTS
Corp Bank officers' meet on Aug 12
More

BONUS ANNOUNCEMENTS
PNB chief rules out bonus issue for now
New Delhi, Aug. 6 The Punjab National Bank Chairman and Managing Director, Dr K.C. Chakrabarty, on Monday ruled out any bonus issue of equity shares by the bank for now, stating that such an issuance would not result in sizeable value creation ... More

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