The Hindu Business Line : Thursday, September 06, 2007

HOUSING FINANCE
Allahabad Bank cuts home loan rates
Kolkata, Sept. 5 Allahabad Bank has reduced interest rates on fresh housing loans under various maturity buckets by 1 per cent, both on fixed and floating schemes. The move is expected to be welcomed by aspiring loan takers. It will ... More

GENERAL INSURANCE
UI to withdraw mediguard insurance policy
Kochi, Sept. 5 The public sector general insurer United India Insurance Co Ltd would be withdrawing its ‘mediguard’ health insurance policy with effect from September 15, according to company sources. After this date, there ... More

Bajaj Allianz picks SAS tool
SAS Institute (India) Ltd has said that Bajaj Allianz has selected the SAS Rate Making solution for meeting the demands of insurance market. Motor insurance has been de-tariffed since January 2007. , “SAS gives us an edge and provides us a ... More

FINANCIAL POLICY
RBI tightens norms to manage liquidity better
Asset-liability mismatch watch for shorter time buckets More

PUBLIC SECTOR BANKS
State Bank of Patiala offers e-trading
Mumbai, Sept. 5 The State Bank of Patiala has launched a 3-in-1 account e-trading facility in association with SBICAP Securities Ltd.It is an online trading facility which will allow theaccount holders of the bank to trade on BSE and ... More

GOVT BONDS
Bond market weakens
The bond market was weak as there was no lack of clarity on the liquidity situation. The cut-off yields of the 91 and 180 days Treasury-bills, which were auctioned today, also did not affect the market. The T-bills yields were a bit higher than ... More

SHORT TERM INSTRUMENTS
Call rates close unchanged
More

T-bill auctions oversubscribed
Mumbai, Sept. 5 The Reserve Bank of India has announced auction of Rs 6,000 crore through Treasury Bills of which Rs 5,000 crore was the Market Stabilisation Scheme (MSS) amount. In the 91-day T-bill, the notified amount was Rs 3,500 ... More

REGULATORY BODIES & RULINGS
Life insurers file Q1 solvency reports
LIC also complies with regulatory guidelines More

PEOPLE
Award for Canara Bank CMD
The Hyderabad-based Institute of Practical Accountancy (IPA) has conferred ‘Lifetime Achievement Award’ on Mr B.N. Rao, Chairman and Managing Director, Canara Bank, for his professional excellence and contribution to the banking and ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Bears control metals complex

RBI tightens norms to manage liquidity better

GSM operators differ with TRAI on spectrum plan

Unctad: Imbalances pose risk to global growth

India leads in CDM project rejections

Tyre exports register marginal growth

Should the government set the price for gas at all?

Looking back
Aug. 26-Sep. 1
Bonds reverse trend; FII exit has little effect on forward premia

PNB to focus on ‘NPA administration’

‘US sub-prime crisis may not affect Indian growth rates’

‘Regulatory overlap hurts corp bond market growth’

Central banking in a crisis

YES Bank bets on mobile phone for micro-fin biz

Retail lending up 30%

Retailers bet on easy finance schemes for niche home needs

Panel backs Govt stake in SBI lower at 51%

Karnataka borrowings from FIs up at Rs 22,613 cr