The Hindu Business Line : Thursday, July 24, 2008

MONEY & BANKING

INSURANCE: Disinvestment process may gain speed
‘Govt has limited timeline; tough to push through major reforms’. New Delhi, July 23 After the initial euphoria over reforms getting a leg-up following the United Progressive Alliance (UPA) Government surviving a trust vote and ...

FOREIGN DIRECT INVESTMENT: Insurance players now see scope for more FDI
Cos nearing 10th year of operations may look at listing option. Mumbai, July 23 The Government’s winning of the trust vote has raised the insurance industry’s hopes of seeing foreign direct investment in the sector being raised ...

FINANCIAL SERVICES: The retail push into finance
With their loyalty programme and branded credit card databases, retailers venture into distribution of financial services like their counterparts in other parts of the world.. Are financial services going to be a logical extension of the ...

MORTGAGE: The Fannie-Freddie accounting jumble
It was Swami Vivekananda who said “Anything can be sacrificed for truth; but truth cannot be sacrificed for anything”. Two American mortgage financiers, Fannie May and Freddie Mac appear to have not followed this dictum in their ...

SHORT TERM INSTRUMENTS: Call rate ends higher
The inter-bank call rate closed higher at 9.60-9.70 per cent, against the previous close of 9.50-9.60 per cent. In the one-day repo auction under the liquidity adjustment facility, the RBI received and accepted 40 bids worth Rs 47,480 crore. ...

OUTLOOK: ‘Short-term profitability of general insurance firms could be hit’
Mumbai, July 23 While the short-term profitability of general insurance firms in India could be affected by the current situation in the industry, the outlook for these firms is stable on account of steady fundamental credit conditions for the ...

TAXATION: Cash for vote charge: Will banking cash transaction tax throw up a trail?
Chennai, July 23 The jury is still out on whether some members of Parliament were paid to vote or abstain from voting in the confidence motion in the Lok Sabha on Tuesday. ...

CO-OPERATIVES: RBI sets up working group to study urban co-op banks
Mumbai, July 23 The Reserve Bank of India (RBI) has constituted an 11-member working group to suggest measures, including suitable regulatory and supervisory framework, to facilitate the emergence of an umbrella organisation for the urban ...

REGIONAL RURAL BANKS: Bankers’ team to study microfinance in Lanka
Mangalore, July 23 The Regional Training College of National Bank for Agriculture and Rural Development (Nabard), Mangalore, is organising a 10-day training-cum-exposure visit to Sri Lanka on microfinance for officials of banks operating in ...

RBI & OTHER CENTRAL BANKS: RBI directive on investment in credit info co
Mumbai, July 23 Single investors, irrespective of whether they are residents in India or outside, cannot hold more than 10 per cent of the equity capital in a credit information company, clarified the ...

TECHNICAL ANALYSIS: Near-term trend positive in rupee
The foreign exchange market greeted the news of the UPA Government winning the trust vote with a thumping rally in the rupee. The Indian currency appreciated to 42.07 on Wednesday. ...

ALLIANCES & JOINT VENTURES: Tata Capital, Japanese bank tie up
Tata Capital and Mizuho Corporate Bank (MHCB) have entered into a memorandum of understanding (MoU) aimed at fostering business cooperation, enhancing cross-market value creation capabilities and assisting each other in gaining a deeper ...

GENERAL INSURANCE: Insurance claims hub
The New India Assurance Company is setting up a centralised claims hub at Ernakulam shortly in order to expedite claim settlement. The service centre, being a specialised office, will be able to settle claims faster as a single-window operations. ...