The Hindu Business Line : Tuesday, April 29, 2008

FOREX
RBI group for currency futures in forex market
Mumbai, April 28 The RBI’s Internal Working Group on Currency Futures has recommended the introduction of currency futures in the domestic foreign exchange market. In the final guidelines released today, the group said that the ... More

FINANCIAL PERFORMANCE
Exim Bank net rises 11%
Mumbai, April 28 Export-Import Bank of India recorded a net profit of Rs 333 crore for the fiscal 2006-07, an increase of 11 per cent from Rs 299 crore last fiscal. The bank saw its loan approvals and disbursements increase by 23 per cent ... More

Recoveries offset dip in treasury gain for IOB
Fourth quarter net profit rises to Rs 306 cr More

SBI Life net profit up at Rs 34 cr
SBI Life Insurance has reported a net profit of Rs 34 crore in 2007-08, against Rs 3.8 crore in the previous year. Mr U.S. Roy, MD and CEO, SBI Life Insurance, said the higher net profit could be attributed to the increasing contribution of ... More

LIFE INSURANCE
Max NY Life to get Rs 800-cr capital infusion
Recently in Jaipur Max New York Life Insurance Company will receive a capital infusion of Rs 800 crore in 2008-09 for fuelling expansion. The company plans to set up 100 more branches this fiscal, with a special focus on South and East India. ... More

RBI & OTHER CENTRAL BANKS
RBI says fiscal steps will help contain inflation
The fiscal and supply-augmenting measures taken by the Government are expected to help contain inflation and inflationary expectations, according to the RBI. In the macro-economic and monetary developments 2007-08 report, released on ... More

CREDIT MARKET
‘Credit growth moderate, within RBI’s projection’
Mumbai, April 28 Expansion in bank credit to the commercial sector moderated during 2007-08 and remained within the Reserve Bank of India’s policy projection in April 2007, after a strong pace of credit expansion for three consecutive ... More

OUTLOOK
RBI could hike, Fed cut, 25 bps
Two crucial events loom up this week. First, the RBI releases its Policy Statement for 2008-9 on April 29. The US Federal Reserve’s Federal Open Market Committee (FOMC) meets next on April 30 to decide interest rates. Indian markets are ... More

PEOPLE
4 short-listed for IRDA top post
Mumbai, April 28 The race for the post of Chairman, Insurance Regulatory and Development Authority, has begun. The short-listed candidates include two members from IRDA itself: Mr C.R. Muralidharan, Member (Finance) and Mr G. ... More

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ADB World Outlook 2008

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Union Budget 2008-09

Railway Budget 2008-2009

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In Focus
People's car

P-Note blues

Other Top Stories
Commodity futures face biggest policy risk

Toyota-Kirloskar may launch new vehicle

Recoveries offset dip in treasury gain for IOB

ONGC in drive to enhance hydrocarbon output

Looking back
Apr. 20-Apr. 26
Weak sentiments keep bond yields north-bound

‘Selective credit control can rein in inflation’

‘Citigroup will continue to invest in India’

Axis Bank net rises 63% on strong biz growth

Market keeps profits, exits losses

Oriental Bank writes off entire losses of GTB

Why sub-prime is not a crisis in India

Banks asked to follow legal procedures for taking possession of hypothecated goods

Forex reserves rise by $1.167 b