The Hindu Business Line : Saturday, March 15, 2008

FOREX
Forex reserves rise $2.2 b
Mumbai, March 14 The country’s foreign exchange reserves increased by $2.225 billion to $303.460 billion for the week ended March 7 on account of revaluation of currency assets, said dealers. The reserves had gone up by $6.625 ... More

Rupee gains in see-saw trade
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GENERAL INSURANCE
2008-09 reinsurance terms seen to favour insurers here
Global reinsurers vying for a slice of the domestic market More

PUBLIC SECTOR BANKS
Vijaya Bank signs MoU with Crisil
Bangalore, March 14 Vijaya Bank today signed a memorandum of understanding with credit rating agency, Crisil, for rating its corporate customers. A bank release said here corporate customers would now be able to have their loan exposures rated ... More

FINANCIAL INSTITUTIONS
SKS Microfinance in expansion mode
To raise Rs 3,200 cr through bank loans, equity More

GOVT BONDS
Bonds down on higher inflation
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CREDIT MARKET
Non-food credit offtake rises by Rs 40,000 cr
Mumbai, March 14 Non-food credit increased for the fortnight ended February 29 by Rs 39,988 crore to touch Rs 22,06,902 crore, according to the Reserve Bank of India’s Weekly Statistical Supplement.In the previous fortnight, ... More

SHORT TERM INSTRUMENTS
Call rates close higher
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MORTGAGE
‘It is still early days for reverse mortgage in India’
Mumbai, March 14 India is getting ready for the reverse mortgage market, but it could be sometime before demand for the product begins to emerge. Given the population’s age profile, family system or living arrangement and ... More

MERGERS & ACQUISITIONS
Call for white paper on bank mergers
Kochi, March 14 The Syndicate Bank Staff Association (SBSA) has urged the Centre to publish a white paper on merger of banks saying that this phenomenon has become a daily affair.Mr K.S. Bhat, All India Secretary of SBSA, said that bank ... More

REGULATORY BODIES & RULINGS
ULIPs may soon offer more security, returns
IRDA’s new norms to provide for lower minimum sum assured limit More

OUTLOOK
Mid-size IT cos stay insulated from sub-prime heat for now
More exposure to Europe and West Asia, focus on niche segments help More

‘Sub-prime write-downs may rise to $285 b’
Write-downs from sub-prime-tied securities will probably rise to $285 billion, or $20 billion more than S&P’s forecast of $265 billion, two months ago, the global rating agency Standard & Poor’s said on ... More

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Cross Currency Rates

People's car

P-Note blues

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

Other Top Stories
Indian crude basket continues to be over $100

2008-09 reinsurance terms seen to favour insurers here

Titagarh Wagons plans to buy sick unit Cimmco for Rs 35 cr

Raja confident of resolving spectrum crisis soon

Forex reserves rise $2.2 b

Essar, Japan’s Teikoku among 18 FDI proposals okayed

Looking back
Mar. 2-Mar. 8
‘Debt waiver good for banks’

‘Cost of SIDBI’s refinance will come down’

Bonds stable as liquidity eases on arbitrage flows

Oil cos begin selling bonds

‘Basel II norms to provide resilience against financial, economic shocks’

Private fund managers for pensions ruled out