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MONEY & BANKING
CONSUMER FINANCE:
ICICI Bank scales down presence in 2-wheeler outlets
Bank says it’s changing the financing model. New Delhi, Aug 6 Two-wheeler finance has hit a roadblock as banks are pulling out their retail presence from dealerships. ...
OUTLOOK:
HSBC sees moderation in profit growth in India
No slowdown in credit offtake by corporates: Kidwai. New Delhi, Aug. 6 Hongkong & Shanghai Banking Corporation Ltd (HSBC) sees profit growth in its Indian operations moderating in percentage terms in calendar year 2008 on the back of ...
DERIVATIVES MARKETS:
Exchange-traded futures to begin with Re-$ contracts
RBI, SEBI issue final guidelines; only residents eligible. Mumbai, Aug 6 After months of deliberations, both the Securities and Exchange Board of India and the Reserve Bank of India, on Wednesday issued final guidelines for launching exchange ...
NBFCS:
NBFCs should be treated at par with banks, says FICCI task force
New Delhi, Aug 6 The Federation of Indian Chambers of Commerce and Industry task force on non-banking financial companies (NBFCs) said that the sector should be treated at par with ...
GOVT BONDS:
Bond prices decline
Bond prices fell by over 30 paise on profit-booking. Total-traded volumes on the order matching system were at Rs 3,340 crore (Rs 5,745 crore). Dealers said that that there was some selling ahead of the release of inflation data on Thursday and ...
PRIVATE BANKS:
SIB's online transfer licences
FOREX:
Rupee firms up by 17 paise
GENERAL INSURANCE:
Farm cover: Deadline extended
The Union Ministry of Agriculture has agreed to extend the cut-off date to August 16 for submission of insurance proposals by farmers who have not taken loans for this kharif season. The Ministry, however, put some conditions for farmers to be ...
TRADE & LABOUR UNIONS:
RBI union's strike call
SHORT TERM INSTRUMENTS:
Call rates higher
INTEREST RATES:
Union Bank, IndusInd hike lending rates
Mumbai, Aug 6 Union Bank of India and IndusInd Bank have hiked their prime lending rates by 75 basis points. This will lead to a hike in the interest rates of floating ...
FOREX:
TMB overseas credit cell
Tamilnad Mercantile Bank (TMB) is setting up a separate overseas credit cell to ensure expedite quick delivery of credit to exporters. The cell, to be headed by an Assistant General Manager is being set up at the head office with the aim to ...
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