The Hindu Business Line : Wednesday, April 30, 2008

FARM CREDIT
Warehouse lending may slow down
Mumbai, April 29 The Reserve Bank diktat to banks to review their advances to traders in agriculture commodities and lending against warehouse receipts is likely to impact commodity traders in the near future.“It is not only the ... More

FINANCIAL SERVICES
Ask Group expands wealth management footprint
Hyderabad, April 29 Financial advisory and portfolio services provider, Ask Group will establish seven more centres as part of their expansion in South India. Ask Wealth Advisors, part of the Ask Group, sees immense opportunity to ... More

FOREX
RBI moves forward on currency futures exchange
Joint panel with SEBI set up to work out operational framework More

CREDIT POLICY
Wait-and-watch policy
More

Banks get some leeway on infra loans
Mumbai, April 29 Allowing some leeway for infrastructure, loans accounts that are classified as sub-standard asset, the policy said that banks can classify as sub-standard, those infrastructure loans where the commercial production has not ... More

Realty stocks benefit from unchanged interest rates
Inflation control measures also positive for the sector More

‘RBI has done its best’

‘A balancing act by RBI’

RBI & OTHER CENTRAL BANKS
Market gets a triple policy booster
Govt’s inflation-busting measures, RBI monetary policy lend cheer More

RBI aims at price stability; key rates unchanged
Effects another cash reserve ratio hike More

A Reddy show from the word go!
More

PUBLIC SECTOR BANKS
Corpn Bank ATMs at IOC outlets
More

PNB’s new rural ATM
Tiruchi, April 29 The Punjab National Bank (PNB) commissioned an automated teller machine (ATM) at the premises of its Bikshandarkoil branch at No. 1 Toll Gate near here recently. The Assistant General Manager of the Bank, Mr K.K. ... More

FOREIGN BANKS
HSBC strategy to hedge slump
Coimbatore, April 29 “Economic slump affects banks that are transaction focused. Our best hedge against any such slump is in offering a mix, by taking the portfolio approach,” Mr Puneet Chaddha, Head (Commercial Banking), Hongkong ... More

GOVT BONDS
Bond prices surge
Bond prices surged by over one rupee reacting to RBI’s stance of keeping key rates unchanged in the annual monetary Policy. Total traded volumes on the order matching system were at Rs 10,265 crore. Dealers said that there was a ... More

CRR & BANK RATES
Chidambaram welcomes RBI’s ‘balanced’ approach
New Delhi, April 29 The Finance Minister, Mr P. Chidambaram, on Tuesday welcomed the Reserve Bank of India’s decision to keep policy rates unchanged even as he endorsed the central bank’s move to hike cash reserve ratio (CRR) for ... More

Industry divided on impact
The industry chambers are divided over the announcements made in the Credit Policy on Tuesday. The CII supported the CRR hike by 0.25 percentage points stating it would help the Government bring down inflation as per the target. However, ... More

FIXED DEPOSITS
Banks may take call on deposit rates
See further monetary tightening; lending rates unlikely to move up immediately More

M-COMMERCE
RBI norms on mobile banking by June 15
LOW-COST CHANNEL More

INTERVIEW
We will tame inflation and grow 8.5%, says Reddy
Dialogue on with banks on forex derivative deals More

OUTLOOK
‘Cost of funds may go up’
, Chairman and Managing Director of Corporation Bank, has said that uncertainties in global financial market, in global capital flows, in central banks’ response to these developments and in inflation pressures find ... More