MONEY & BANKING
FOREX
Rupee recovers on dollar sales
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SOFTWARE
Kotak Life picks Oracle tool
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NBFCS
ChrysCapital sells 35 lakh SFTC shares to JP Morgan
Chennai, Feb. 21 ChrysCapital has sold 35 lakh shares of Shriram Transport Finance Company to JP Morgan for Rs 140 crore.In January 2005, ChrysCapital (through its vehicle UNO Investments) picked up shares in three companies of the ...
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LIFE INSURANCE
SBI Life in expansion mode
Coimbatore, Feb. 21 Having got the approval for opening 100 more branches, SBI Life Insurance Company is now eyeing potential growth pockets for establishing its presence.Its Managing Director and CEO, Mr Uday Sankar Roy, who was in the ...
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DEBT MARKET
Bonds gain on value-buying
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PUBLIC SECTOR BANKS
SBI adopts Nandigama village
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SBT, Franklin Templeton in distribution pact
Thiruvananthapuram, Feb. 21 State Bank of Travancore has entered into an agreement with Franklin Templeton AMC for distribution of the latter’s mutual fund products. The bank signed an MoU with the company on Wednesday for the ...
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Syndicate Bank ties up with ECGC
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INTEREST RATES
Bank stocks slump
Rate cuts weaken sentiment
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CREDIT MARKET
Rate cut impact on credit offtake
Will credit offtake pick up now that banks have cut rates a second time? Mr Ananda Bhoumik, Senior Director, Fitch Ratings India, thinks corporate loan growth would remain strong because of the investment cycle that is currently under way. ...
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SHORT TERM INSTRUMENTS
Call rates end lower
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FIXED DEPOSITS
Corp Bank lifts Rs 300 cr from NPCIL for 9.87%
MFs, non-life insurers parking funds in certificate of deposits
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MERGERS & ACQUISITIONS
Centurion Bank scrip surges on merger buzz
Mumbai, Feb. 21 The share price of Centurion Bank of Punjab on Wednesday shot up 14 per cent on the BSE, spurred on by rumours of a possible merger with HDFC Bank.The traded volumes as also the volume that came up for delivery were ...
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RIGHTS ISSUE
No SLR status for Govt bonds issued towards SBI rights issue
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