The Hindu Business Line : Monday, November 03, 2008

MONEY & BANKING

CRR & BANK RATES: Lending rates to come down, says IBA chief
Chennai, Nov. 2 The “conducive factors”obtaining today in the banking industry are likely to cause an immediate fall in lending rates by 50 basis points (half per cent), says Mr T.S. Narayanasami, Chairman, Indian ...

CREDIT MARKET: Sharp rise in bank loan growth
Chennai, Nov. 2 GDP growth may be slowing down but strangely, bank loans have grown at an explosive pace during the last quarter. According to figures put out in the weekly statistical supplement of the Reserve Bank of India, banks have ...

FINANCIAL MARKETS: Credit rating agencies – answerable to none?
Can there be any financial service provider, which is not at all accountable to anybody for ...

DEBT MARKET: Bonds rally on dip in oil prices, deluge of deposits
Liquidity likely to remain tight in coming weeks despite infusion. Bangalore, Nov. 2 Bonds rallied during the week on the back of weakening oil prices and mounting deposit inflows into the ...

FOREX: New bank exposure norms boon to exporters
Forex derivative users hail move. Coimbatore, Nov. 2 The Reserve Bank of India’s decision to ease the off-balance sheet exposure norms of banks has come as a big relief to the exporters in Tirupur, particularly those with forex ...

GENERAL INSURANCE: IFFCO-TOKIO rural insurance scheme
IFFCO-TOKIO General Insurance has plans to take its new micro insurance product — Janata Bima Yojana — across Tamil Nadu in two years, according to Mr N.K. Kedia, Director (Marketing). The new product, at an affordable premium of Rs ...

INSIGHT: Time to get real
After four years the economy is witnessing the emergence of a softer monetary policy. As it had noted in its mid-term review, the Reserve Bank of India (RBI) is responding “swiftly” to the uncertain and unpredictable times with ...

PUBLIC SECTOR BANKS: IOB offers support for biofuel projects
Coimbatore, Nov. 2 Indian Overseas Bank has offered to extend financial support to viable biofuel plant cultivation projects. Towards this, the bank conducted a workshop jointly with Nabard on ‘biofuel plant cultivation’. ...

FINANCIAL MARKETS: Is India an island economy?
The Finance Minister, Mr P. Chidambaram, has done exceedingly well in reminding everyone that when an economy grows at the rate of 7 or 7.5 per cent a year there is no question of unemployment increasing and that, therefore, any forecast of ...