Business Daily from THE HINDU group of publications
Saturday, August 30, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, August 30, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING DERIVATIVES MARKETS: Day one: 70,000 currency contracts traded on NSE Standard Chartered makes large deals. Nearly 70,000 currency contracts were traded on the National Stock Exchange on Friday, the first day of trading in currency futures, which was inaugurated by the Union Finance Minister, Mr P. Chidambaram. ... RBI & OTHER CENTRAL BANKS: Growth to moderate: RBI Farm outlook tied to monsoon; inflation risks persist, says Report. Mumbai, Aug. 29 The Indian economy is likely to witness a slight moderation in growth, which continues at an elevated level, unlike the global economy, which is expected to ... CREDIT MARKET: Banks shying away from personal loans HIGH-RISK ASSETS. Coimbatore, Aug 29 Look at the hoardings dotting your route to the office and you might get misled in more ways than one. Take the instance of some banks offering you personal loans. The advertisement hoarding makes it seem ... REGULATORY BODIES & RULINGS: Mutual funds need IRDA licence to sell unit-linked plans Mumbai, Aug. 29 Mutual Funds will have to obtain a licence from the Insurance Regulatory and Development Authority to sell unit- linked insurance plans and comply with solvency requirements, said Mr J. Harinarayan, Chairman, ... FIXED DEPOSITS: Karnataka Bank’s deposit scheme Karnataka Bank has introduced a one-year deposit scheme called ‘KBL-Varsha’. A bank release said the new scheme, from September 1, offers an interest rate of 10.60 per cent. Senior citizen would get 11 per cent. The bank has also ... FOREX: Rupee sheds 15 paise SHORT TERM INSTRUMENTS: Call rates end lower at 6-6.25% PENSION PLANS: Make pension facility available to all citizens: Chidambaram Mumbai, Aug. 29 The Pension Fund Regulatory & Development Authority is likely to design pension schemes tailored for the private citizen on the lines of the New Pension Scheme for government employees that were introduced in ... RBI & OTHER CENTRAL BANKS: More higher denomination notes being used Mumbai, Aug. 29 In 2007-08, the value of banknotes in circulation rose by 17.2 per cent (17.6 per cent during 2006-07), whereas the volume of banknotes rose by 11 per cent (5.2 per ... FOREX: Forex reserves rise $1 b Mumbai, Aug. 29 The foreign exchange reserves increased by $1.076 billion to touch $297.286 billion for the week ended August 22, according to figures released by the Reserve Bank of India’s Weekly Statistical Supplement. ... GOVT BONDS: RBI in a dilemma over SLR Mumbai, Aug. 29 The Reserve Bank of India said that the stipulated Statutory Liquidity Ratio prescription of 25 per cent of net domestic demand and time liabilities of banks hampers the genuine development government securities ... DERIVATIVES MARKETS: Coimbatore Capital launches currency trading Coimbatore, Aug. 29 Trading in dollar-rupee forex futures was launched on Friday by Coimbatore Capital Ltd(CCL), a member of National Stock Exchange ... RBI & OTHER CENTRAL BANKS: RBI moots farm revamp to boost productivity Mumbai Aug. 29 The Reserve Bank of India (RBI) has suggested a comprehensive agriculture revamp programme as a policy initiative to shore up the stagnating agricultural productivity in ... GOVT BONDS: Bond prices up by 40 paise Bond prices rose by around 40 paise as inflation figures were lower than market expectations. Total traded volumes on the order matching system were at Rs 5,670 crore (Rs 7,930 crore). Dealers said prices opened higher as inflation had eased to ... FINANCIAL SERVICES: SBT money transfer product The State Bank of Travancore has launched a new speed remittance product for Gulf customers. Styled ‘Moneytrans E-Remit’, the product, which was developed in-house, will enable almost instant transfer of remittances from exchange ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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