The Hindu Business Line : Monday, October 20, 2008

MONEY & BANKING

CREDIT MARKET: Banks charging higher rates, say mutual funds
Mumbai, Oct. 19 Though the Reserve Bank of India is providing funds at nine per cent to banks for on-lending to mutual funds, some banks are understood to be demanding as high as 14 to 15 per cent interest from ...

FINANCIAL MARKETS: CPI is the way to go, not WPI
The policy-makers of the world, viz, the Finance Ministers and the Governors of the central banks of various countries, have gathered in Washington on their semi-annual get-togethers. They have gathered at a time when the world is threatened by ...

FINANCIAL INSTITUTIONS: Airlines want Govt push for funding
Not keen on bailout package. The Government should play a more proactive role in infusing confidence in financial institutions about the future prospects of the domestic airline sector, rather than work on providing a bail-out package ...

GOVT BONDS: Liquidity influx sends bond market into a tizzy
Outlook positive; more infusion measures seen ahead of peak season. Bangalore, Oct. 19 Bonds went into a tizzy with the Reserve Bank of India (RBI) releasing cash reserves and pumping in liquidity to prop up ...

CREDIT MARKET: Nabard, SIDBI oppose national fund for unorganised sector
Want funds for micro enterprises routed through them. Mumbai, Oct. 19 The National Bank for Agriculture and Rural Development (Nabard) and Small Industries Development Bank of India (SIDBI) want the funds for micro enterprises in the unorganised ...

INDUSTRY ASSOCIATIONS: AIBEA demands probe
The All India Bank Employees Association (AIBEA) has demanded a thorough probe into the functioning and financial affairs of ICICI Bank and its take over by the Government. “We demand the take over and nationalisation of ICICI Bank in ...

LIFE INSURANCE: Aegon Religare ties up with Mahalingam & Sons
Chennai, Oct. 19 Aegon Religare Life Insurance Company Ltd has announced its strategic business partnership with Chennai-based T S Mahalingam & Sons (TSM) to strengthen its foothold in ...

FIXED DEPOSITS: Deposit rates hiked
Karnataka Bank Ltd has revised interest rates on certain slabs of domestic term deposits with effect from October 20. A bank release here on Saturday gave the new rates as 10.6 per cent for deposits of one year to less than three years, 11 per ...