The Hindu Business Line : Friday, October 03, 2008

MONEY & BANKING

OUTLOOK: Financial assessment report likely by end-Nov
The Committee on Financial Sector Assessment (CFSA), set up by the Finance Ministry and the Reserve Bank of India, is likely to submit its report to the Finance Minister, Mr P. Chidambaram, by end-November this ...

FINANCIAL MARKETS: Indian banks acted on time
The Finance Minister, Mr P Chidambaram, and the Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, have sought to allay fears on the impact of the worldwide financial meltdown on India’s banks and the ...

CREDIT MARKET: Seeing every pie count
Four young women from the West packed their bags and headed to Kancheepuram town in Tamil Nadu, for a first-hand feel of microfinance power.. Clad in bright South Indian cotton saris and managing a few words in Tamil such as vanakkam ...

INSIGHT: Is the ‘rescue plan’ the best there is?
During financial crises such as those in 1987, 1994, 1998 or the dotcom bubble in 2001, the losses and exposures of financial institutions (especially in the US) got increasingly larger. However, sustained intervention by the Federal Reserve ...

CORPORATE BONDS: Banks may take a hit on corporate bonds portfolio
Spreads higher under revised FIMMDA benchmark valuations. Mumbai, Oct. 2 Banks may take some hit on their corporate bonds portfolios in the second quarter following the higher spreads declared by Fixed Income, Money Markets and Derivatives ...

LIFE INSURANCE: Cover for SIPs to continue
The dispute over insurance cover for mutual funds, particularly for systematic insurance plans, has temporarily been resolved. On directive from Insurance Regulatory and Development Authority (IRDA), the Life Insurance Council has put on hold ...

LIFE INSURANCE: ING Vysya Life, e-Seva tie up
ING Vysya Life Insurance has tied up with the e-Seva service of the Andhra Pradesh Government to enable its customers to pay their premiums. “The policyholders can now make payments to renew premiums through e-Seva centres either by cash ...

HUMAN RESOURCES: Insurance broking firms facing staff shortage
Hyderabad, Oct. 2 Insurance brokerage firms are facing shortage of manpower to expand their operations. They are seeking some relaxation of qualification and appointment norms by the Insurance Regulatory and Development Authority (IRDA) to ...

ACCOUNTING STANDARDS: ‘No immediate plan to extend IFRS convergence deadline’
The Central Council of the Institute of Chartered Accountants of India (ICAI) is likely to discuss, at its meeting beginning Friday, the US financial market turmoil and its impact on the Indian financial ...

PUBLIC SECTOR BANKS: 17% growth in PNB biz
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FIXED DEPOSITS: BoR raises deposit rates
Bank of Rajasthan has increased the rate of interest on fixed deposits of one to two years, by 35 basis points, with effect from October 1. The rate has been hiked to 10.6 per cent (10.25 per cent). For senior citizens, the rate has been hiked ...