Business Daily from THE HINDU group of publications
Thursday, August 21, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, August 21, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING DERIVATIVES MARKETS: Currency futures on NSE from Aug 29 Mumbai, Aug. 20 It is not just corporations, banks and traders, but also individuals who can hedge their foreign exchange risks when trading in foreign currency futures commences this month end on National Stock ... GENERAL INSURANCE: General insurers may be allowed to tap capital market this fiscal Nod likely after completion of BSNL’s mega IPO. Bangalore, Aug. 20 The Initial Public Offering (IPO) of Bharat Sanchar Nigam Ltd (BSNL) is expected to take precedence over the capital raising proposals of the public sector general ... GOVT BONDS: Bond prices fall Bond prices fell by 33 paise on fears of further tightening of liquidity. A bond dealer said tight liquidity conditions prevailed in the market as banks borrowed close to Rs 39,000 crore from the Reserve Bank under the liquidity adjustment ... FIXED DEPOSITS: Federal Bank hikes deposit rates The Federal Bank has raised interest rates for domestic term deposits and is currently paying 10.10 per cent for fixed deposits for a period between one and two years. The benefits to senior citizens would be over and above the revised rates, a ... FOREX: Rupee slips further The rupee depreciated further against the greenback on dollar demand from oil companies. The domestic currency was volatile during the day. It opened at 43.70/72 and touched an intra-day low of 43.86 and ended the day at 43.70/72, against the ... FIXED DEPOSITS: Allahabad Bank hikes deposit rates Kolkata-headquartered Allahabad Bank has announced an increase in rate of interest on domestic term deposits up to Rs 1 crore by 25 basis points with effect from August 21. The revised rate of interest would stand at 10 per cent (9.75 per cent) ... SHORT TERM INSTRUMENTS: Call rates end lower The inter-bank call rate ended at 9.40-9.60 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 28 bids worth Rs 38,910 crore. There were ... TRADE & LABOUR UNIONS: Banking operations partially hit Mumbai, Aug. 20 The one-day strike called by the three bank unions partially affected banking operations across the country with around 5 lakh employees staying away from work. ... DERIVATIVES MARKETS: NRIs, FIIs not eligible to trade in currency futures Mumbai, Aug. 20 According to the RBI guidelines only USD-Indian rupee currency futures will be traded on the exchanges. ... HUMAN RESOURCES: HC dismisses plea for LIC temporary staff regularisation The Madras High Court has rejected the claim of 163 temporary employees of the Life Insurance Corporation of India for reinstatement and regularisation, holding that the demand was not legal and ... EVENTS: ‘Meeting capital needs key concern for banks’ Hyderabad, Aug. 20 Meeting capital requirements will be a major challenge for commercial banks in the days to come, according to Mr Amitabha Guha, Deputy Managing Director, State Bank of India ... FIXED DEPOSITS: SBM hikes deposit rates Bangalore, Aug. 20 Reflecting the tightening liquidity situation, State Bank of Mysore (SBM) hiked its deposit rates today and has begun offering 10.5 per cent interest per annum to depositors for maturities up to 300 ...
FIXED DEPOSITS:
Oriental Bank hikes deposit rates Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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