The Hindu Business Line : Tuesday, August 05, 2008

MONEY & BANKING

INSIGHT: Will the IMF sell gold?
There is a school of thought that the RBI should deploy a significant part of its reserves in gold. India should grab the opportunity to buy some of the gold it holds on behalf of the IMF, if the latter decides to sell a part of its holdings. The ... d too would prefer it as sale of gold to an official holder would not cause disruptions in the global market, says SITHARAM GURUMURTHI.
INSURANCE: Bancassurance sees steady, brisk growth
‘Bank branches account for 24% of new biz for life insurers’. Hyderabad, Aug. 4 The bancassurance segment in the insurance industry has been growing at a steady pace and is competing with the traditional sale of insurance by ...

LIFE INSURANCE: New Aviva Life products
Aviva Life Insurance has announced the launch of ’Secure Pension’, a traditional pension planto encourage regular savings for policyholders and ensure pension during the retired life. The company also launched a traditional money back ...

GOVT BONDS: Bond prices gain

LIFE INSURANCE: New HDFC Standard Life policy

SHORT TERM INSTRUMENTS: Call rates end lower

PRIVATE BANKS: YES Bank is strategic adviser to Windlab
Mumbai, Aug. 4 Windlab Systems of Australia has appointed YES Bank as exclusive financial and strategic advisor for developing wind projects in India. The bank will identify joint venture partners for the company in order to set up wind ...

PRIVATE BANKS: YES Bank to set up clean energy tech fund
Mumbai, Aug. 4 The Mumbai-headquartered YES Bank and Global Environment Fund plan to set up a clean energy technology fund focused on South Asia with a corpus of $300 ...

FINANCIAL PERFORMANCE: 380% jump in KSFC’s profit after tax
Better recoveries, which helped in narrowing the non-performing assets incidences enabled Karnataka State Financial Corporation (KSFC), a 380 per cent profit after tax for the financial year 2007-08. ...

FINANCIAL POLICY: Government solvency beats market irrationality
As the Federal Open Market Committee (FOMC) goes into its bi-monthly session, excitement is noticeable only for its absence. ...

FOREX: Rupee down 13 paise
The rupee closed about 13 paise lower against the dollar on Monday due to dollar buying by oil companies and news of Iran going ahead with its nuclear programme. The rupee opened at 42.45/46 and touched a high of 42.34. However, following this, ...

PUBLIC SECTOR BANKS: Vijaya bank opens new ATM
Vijaya Bank opened a new ATM at Babukhan Estate here on Monday. With this, the bank now has a network of 307 ATMs across the country. In addition, the customers can also access 28,900 ATMs of other banks through National Financial switch (NFS). ...