Business Daily from THE HINDU group of publications
Thursday, August 28, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, August 28, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING OUTLOOK: Banks see liquidity staying tight for some more time RBI focussed on reining in inflation; CRR hike likely. Bangalore, Aug. 27 With the Reserve Bank of India (RBI) maintaining its current monetary policy stance, tight liquidity conditions are expected to continue for some more ... INTERVIEW: ‘Prudent underwriting has helped us earn profits’ Bajai Allianz General Insurance chief explains the secret of success. Chennai, Aug. 27 Bajaj Allianz General Insurance has been making underwriting profits for a couple of years (see table) and is so far the only company do so among 12 ... FARM CREDIT: Banks likely to get farm debt waiver compensation after first supplementary New Delhi, Aug. 27 Public sector banks (PSBs), cooperative banks and regional rural banks (RRBs) are likely to get their first round of reimbursement for the farm debt waiver scheme only after the first supplementary demand for grants for ... GOVT BONDS: Bonds end flat in volatile market Bond prices ended flat in a volatile market over concerns of rising oil prices and expectations of easing liquidity conditions, said dealers. The total traded volumes on the order matching system were at Rs 6,045 crore (Rs 8,775 crore). A dealer ... FOREX: Rupee gains 10 paise The rupee gained by around 10 paise against the greenback due to dollar selling by banks. The domestic currency opened at 43.70/72 and weakened to touch an intra-day low 43.90/91. It recovered to close at 43.76, against the previous close of ... GENERAL INSURANCE: Cleartrip ties up with Tata AIG Online travel portal Cleartrip.com has tied up with Tata AIG General Insurance to offer domestic travel insurance solutions to its customers. The new product, TravInsure, can be purchased by customers while making their domestic airline bookings. ... SHORT TERM INSTRUMENTS: Call rate ends lower Call rates ended substantially lower at 8.00-8.25 per cent, against the previous close of 9.00-9.25 per cent. With banks covering their positions ahead of reporting Friday, liquidity eased. In the one-day repo auction under the liquidity ... NBFCS: Srei Equipment Fin to fund medical, IT kit projects Hyderabad, Aug. 27 Srei Equipment Finance Pvt Ltd, a joint venture between Srei Infrastructure Finance Ltd and BNP Paribas, expects to start financing medical and IT equipment projects from next year. ... PUBLIC SECTOR BANKS: IDenizen ties up with Corporation Bank Bangalore, Aug. 27 IDenizen, a local IT company, has announced that it has entered into a tie-up with Corporation Bank for extending the benefits of SmartCampus, an Enterprise Resource Planning (ERP)-based suite for educational institutions,to ... CREDIT CARDS & DEBIT CARDS: SBI extends debit card cash back campaign Mumbai, Aug. 27 The State Bank of India group has extended the cash back campaign on its debit cards on point of sales for one more month, up to September 30, ... GENERAL INSURANCE: IRDA sets limits on brokerage Hyderabad, Aug 27 The Insurance Regulatory and Development Authority (IRDA) has set upper limits on payments of commission or brokerage on general insurance ... FINANCIAL SERVICES: Photon Capital shares listed on BSE Hyderabad, Aug 27 The equity shares of Photon Capital Advisors Ltd, a non-banking finance company, have been listed on the Bombay Stock Exchange. According to a release, the trading of the Hyderabad-based company’s shares was suspended ... FINANCIAL POLICY: Business correspondent norms Banks can appoint Section 25 companies as business correspondents (BC) for financial inclusion, said the Reserve Bank of India, in a notice issued today. The RBI said that these companies should be stand-alone entities. They should also be ... PUBLIC SECTOR BANKS: Andhra Bank coin distribution Andhra Bank, Hyderabad zone is organising ‘coin distribution week’ from August 25-30, 2008 through some of its branches. The branches at Kothapet, Mehdipatnam, Karwan, Abids and Kukatpally would offer the services to the general ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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