The Hindu Business Line : Sunday, November 02, 2008

MONEY & BANKING

FINANCIAL POLICY: RBI opens liquidity tap again; signal for rate cuts
Genuine case now for banks to reduce interest rates: IBA chief. Mumbai, Nov. 1 The Reserve Bank of India on Saturday cut the Repo rate, Cash Reserve Ratio and Statutory Liquidity Ratio, besides announcing a host of other measures, unlocking ...

CRR & BANK RATES: Markets may see easing of selling pressure
Mumbai, Nov. 1 The key rate cuts by the Reserve Bank of India did not come as a surprise to stockbrokers and equity analysts, as this possibility was already discounted in Friday’s trade. However, now that the rate cuts are indeed ...

FINANCIAL POLICY: You can lead a horse to water...
READING IT WRONG. New Delhi, Nov. 1 Can a business confidence issue be tackled by flooding the system with money? The Government and the Reserve Bank seem to think so. So in the last month or so, the two have decided to pump in upwards of ...

RBI & OTHER CENTRAL BANKS: RBI plans buyback of market stabilisation scheme securities
Redemption scheme likely to be identical to bond buyback. Bangalore, Nov. 1 In a bid to improve bank liquidity during the peak credit season, the Reserve Bank of India (RBI) is preparing a buy back scheme of market stabilisation ...

OVERSEAS BORROWINGS: Chola DBS gets RBI nod for $50 m ECB
Chennai, Nov. 1 Cholamandalam DBS has received the approval of the Reserve Bank of India to raise $50 million (Rs 225 crore) via external commercial borrowings. The company is the first Non Banking Finance Company to get the regulator’s ...

CRR & BANK RATES: ‘System requires money now’
The Chairman and Chief Executive Officer of Karnataka Bank Ltd, Mr Ananthakrishna, told Business Line that the system requires money now. The call rate has gone up to 22 per cent, and the inter-bank money market is in a ...

CRR & BANK RATES: `Strong signals to banks'
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FIXED DEPOSITS: Allahabad Bank cuts NRE rates
Allahabad Bank has reduced interest rates on FCNR and NRE deposits effective November 1, 2008, according to a press statement issued by the bank. For FCNR (B) deposits, the revised rates of interest on dollar deposits of various tenure are ...

FIXED DEPOSITS: Rs 40,000 cr deposits in co-op sector
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FOREIGN DIRECT INVESTMENT: FDI hike in insurance hailed
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CRR & BANK RATES: `Excellent move by RBI'
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INTEREST RATES: IDBI Bank cuts retail lending rates
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CRR & BANK RATES: `Welcome measures'
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NBFCS: NBFCs hope banks will take RBI’s cue
Chennai, Nov. 1 When Business Line met Mr M.A. Alagappan, Chairman, Cholamandalam DBS Finance, Saturday morning, he came across as a man who had a load on his ...

CRR & BANK RATES: Timing evokes mixed response
Coimbatore, Nov. 1 Bankers reaction to the CRR, repo and SLR cut announcement made by the RBI today seemed no different. Only the timing evoked ...

CRR & BANK RATES: ‘Firmest signal for banks to act’
Thiruvananthapuram, Nov. 1 The Reserve Bank’s multi-pronged strategy unravelled in the latest policy-rate setting initiative is the firmest signal yet for banks to cut lending rates, according to Dr D. K. Joshi, Director and ...

PEOPLE: Development Credit Bank CEO resigns
Mangalore, Nov. 1 The Managing Director and Chief Executive Officer of Development Credit Bank (DCB), Mr Gautam Vir, has put in his papers. The bank informed the stock exchanges on Saturday that Mr Gautam Vir, Managing Director and CEO, upon ...

CRR & BANK RATES: Apex chambers hail RBI move
New Delhi, Nov. 1 Leading industry bodies today hailed the Reserve Bank of India (RBI) move to cut repo rates, cash reserve ratio (CRR) as well as the statutory liquidity ...

CRR & BANK RATES: Rate cut: Banks have to ‘wait and watch’
Kolkata, Nov. 1 The Reserve Bank of India’s ‘triple dose’ approach (cut in CRR, SLR and repo rates) certainly signals a rate cut. However, banks would have to wait and watch the market before taking a call on interest ...