The Hindu Business Line : Friday, October 24, 2008

MONEY & BANKING

DERIVATIVES MARKETS: Re closes at all-time low of 49.81
Mumbai, Oct. 23 The rupee continued its free fall against the dollar on Thursday, closing at an all-time low of ...

RBI & OTHER CENTRAL BANKS: Home loan growth slowing
Chennai, Oct. 23 Loan growth to the housing sector decelerated slightly in the second quarter. Home loans grew at about 14 per cent or by about Rs 32,792 crore during the year up to August 31, 2008. Comparatively, in the previous year for ...

OUTLOOK: Vijaya Bank seeks Rs 800 cr from Govt
Net profit declines; cost of working funds rises. Bangalore, Oct. 23 Public sector Vijaya Bank has approached the Government for capital funds amounting to Rs ...

SHORT TERM INSTRUMENTS: Call rate unchanged
Call rates ended at 6-6.10 per cent, the same as the previous day’s close. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the one-day reverse repo auction, there were 8 bids for Rs ...

PEOPLE: Ashok Chawla on World Bank board
The Government has appointed Mr Ashok Chawla, Secretary in Department of Economic Affairs, as India’s alternate Governor in the World Bank board. A Finance Ministry release said that Mr Chawla has been appointed in the place of Dr D. ...

PEOPLE: DBS Bank CEO
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LIFE INSURANCE: Slowdown in ULIPs, says SBI Life
Bangalore, Oct. 23 SBI Life Insurance Company Ltd has begun marking its investments to market in line with the accounting practice followed by its parent, State Bank ...

FINANCIAL PERFORMANCE: Dena Bank net up 12% on higher interest income
Mumbai, Oct. 23 Dena Bank’s net profit rose 12 per cent to Rs 102.83 crore for the quarter ended September 30, 2008 mainly due to a 23-per cent growth in net ...

GOVT BONDS: Gilts: Hike in FII cap not for now
New Delhi, Oct. 23 The Finance Ministry on Thursday said that it may look at raising foreign institutional investors’ (FII) investment limit in Government bonds only when about 80 per cent of the existing investment limit of $5 billion ...

FINANCIAL PERFORMANCE: City Union Bank net rises 41%
Coimbatore, Oct 23 Although a 40 per cent growth in net profit is in line with the performance of its peers, Kumbakonam-headquartered City Union Bank perceives that its ALM (Asset Liability Management) strategy has been planned well and ...