Business Daily from THE HINDU group of publications
Friday, September 05, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, September 05, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING OUTLOOK: Banks would need Rs 5.68 lakh cr additional capital in next 5 years Maintaining capital-to-risk-weighted assets ratio at 12%. Mumbai, Sept. 4 The banking sector would require additional capital of Rs 5,68,744 crore in the next five years. ... INSIGHT: Reddy’s warning legacy The Annual Reports of the Reserve Bank of India are often so routine that sometimes they escape public attention as did the latest one for 2007-08. But this time it has been different because it seems to contain Dr Y. V. Reddy’s last ... ALLIANCES & JOINT VENTURES: Max India inks pact with UK co Bupa for health insurance Expects to commence business in 12-15 months. New Delhi, Sept. 4 Max Bupa Health Insurance Ltd (Max Bupa), the newly formed joint venture between Max India and UK-headquartered British United Provident Association Ltd (Bupa), expects to roll ... NBFCS: Manappuram Group to receive Rs 108-cr capital Kochi, Sept. 4 Manappuram Group of companies is to receive fresh capital infusion to the tune of Rs 108 crore , including those from a UK and a US-based private equity firm, the group Chairman, Mr V. P. Nandakumar, said. While the UK-based ... GOVT BONDS: Bond prices up Bond prices gained by 87 paise buoyed by the huge demand for Government securities, according to dealers. Total traded volumes on the order matching system were substantially higher at Rs 12,555 crore (Rs 9,775 crore). Expectation of lower ... FOREX: Rupee gains on FII inflows The rupee appreciated against the dollar on the back of foreign institutional investor inflows. The domestic currency opened at 44.45 and fell to 44.54. It then rose to 44.21 and finally ended the day at 44.35/36, against the previous close at ... CREDIT MARKET: IOB, Rotary sign MoU Indian Overseas Bank has signed an MoU with Rotary International - District 3230 for implementation of ‘IOB- Rotary Sampoorna Scheme’. Under this scheme, IOB will grant loans under DRI (differential rate of interest, i.e. 4 per cent) ... DIVIDEND ANNOUNCEMENT: PNB pays Rs 236.91-cr dividend Punjab National Bank has paid Rs 236.91 crore to the Central Government towards dividend for the financial year 2007-08. The dividend cheque for the amount was handed over to the Union Finance Minister, Mr P. Chidambaram, by the bank’s ... SHORT TERM INSTRUMENTS: Call rate ends higher The inter-bank call rate closed at 9.00-9.10 per cent, against the previous close of 8.90-9.10 per cent. In the one-day repo auction under the liquidity adjustment facility, the RBI received and accepted 11 bids worth Rs 7,845 crore. There were ... FIXED DEPOSITS: Deposit rate hike Public sector Syndicate Bank has hiked term deposit rates between 40 and 55 basis points up to 2 years in a bid to mop-up medium term resources. A press release today said that the deposit rates up to a year have been hiked to 10.05 per cent ... PEOPLE: ‘A fine balancing act through a difficult term’ Thiruvananthapuram, Sept. 4 Dr Yaga Venugopal Reddy inspires emotions ranging from the extreme to the sublime as he prepares to sign off as RBI Governor. “Not a hawk by any stretch of inflation!”, raved a leading economist. ... NON-PERFORMING ASSETS: KSCB moves to bring down NPAs The Kerala State Cooperative Bank (KSCB), which is burdened with mounting non-performing assets, has initiated steps to recover loan arrears to the extent possible during the current ... CREDIT CARDS & DEBIT CARDS: StanChart offers debit-cum-credit card Mumbai, Sept. 4 Standard Chartered Bank has designed a debit-cum-credit card for its Platinum customers. The card, which is called ‘1 Money’, gives customers the option to choose either a credit or a debit card as a default option. ... AWARDS & HONOURS: South Indian Bank awards top performers Kochi, Sept. 4 Exhorting the youth to bring back the past glory of our country, Mr Kris Gopalakrishnan, Managing Director and Chief Executive Officer of Infosys Technologies said physical limitations are no deterrent to achieving one’s ... FIXED DEPOSITS: Share of households in aggregate bank deposits declines Mumbai, Sept. 4 Following the financial liberalisation since the early 1990s, some shifts have taken place in the ownership pattern of bank deposits, according to the Report on Currency and Finance, released by the Reserve Bank of India, on ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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