The Hindu Business Line : Friday, November 07, 2008

MONEY & BANKING

NON-PERFORMING ASSETS: ‘Banks may see rise in bad loans’
Liquidity is a big issue with credit demand set to grow: SBI chief. Mumbai, Nov. 6 Mr O.P. Bhatt, Chairman, State Bank of India, has said that he expects no slowdown in credit growth in the current fiscal, but banks may see a rise in their bad ...

FINANCIAL MARKETS: ‘High insurance premium, liquidity crunch hit exporters’
Post-shipment credit for 270-365 days urged. Hit by the slowing demand in several overseas markets such as the US, Europe and Japan, Indian exporters are facing a double whammy of sorts with problems including higher premium for insurance cover ...

FOREX: Rupee weakens on dollar buying
The rupee weakened against the dollar in a volatile market on strong dollar demand and as it tracked the equity market. The rupee’s movement is now based on pure demand and supply factors, said a forex dealer with a private bank. The ...

GOVT BONDS: Bonds close higher
Bond prices closed higher, but lost about 45 paise in intra-day trade, as inflation rose marginally. Inflation for the week ended October 25, rose marginally to 10.72 per cent from 10.68 per cent the week before. The market was expecting ...

SHORT TERM INSTRUMENTS: Call rate ends lower
The inter-bank call rate closed lower at 6.20-6.40 per cent, against the previous close of 6.75-7 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF) there were no bids. In the one-day reverse repo ...

PRIVATE BANKS: Pat for South Indian Bank
In the Analyst 2008 Survey of Indian Banks conducted by the Institute of Chartered and Financial Analysts of India, South Indian Bank has emerged as the Best Performer in Asset Quality category among private sector banks, which include ...

FINANCIAL MARKETS: Liquidity situation may be focus of financial markets panel meet
Mumbai, Nov. 6 The liquidity situation in the economy is likely to again dominate Saturday’s meeting of the High Level Coordination Committee on financial markets, ...

ALLIANCES & JOINT VENTURES: Sundaram, BNP float venture for securities services
Chennai, Nov. 6 The Chennai-based Sundaram Business Services (SBS), the BPO arm of Sundaram Finance Ltd, and BNP Paribas Securities Services (BNP Paribas) have signed a joint-venture agreement to provide securities services in ...

OUTLOOK: PNB Kerala region sees 17% growth
Kochi, Nov. 6 The Punjab National Bank, Kerala Circle, has achieved a 16.85 per cent growth in the first six months of the current ...

CREDIT CARDS & DEBIT CARDS: RBI to regulate issue of ‘pre-paid’ payment cards
Mumbai, Nov. 6 The Reserve Bank of India proposes to regulate ‘pre-paid’ payment cards and will shortly come out with an approach paper on the same, said Mr G. Gopalakrishna, Executive Director, Reserve Bank ...

CORPORATE BONDS: Syndicate Bank looks to raise Rs 500 cr
Kolkata, Nov. 6 Syndicate Bank might look at raising Rs 300-500 crore Tier-II capital by way of subordinate bonds during the current fiscal, according to Mr George Joseph, Chairman and Managing Director of ...

RBI & OTHER CENTRAL BANKS: RBI buys back Rs 10,000 cr of MSS bonds
Mumbai, Nov. 6 The Reserve Bank of India on Thursday bought back Rs 10,000 crore of MSS dated securities, as part of the measures announced to infuse liquidity into ...

FINANCIAL POLICY: Drowning in liquidity
The global financial meltdown is unprecedented and the contagion has spread like wild fire. The central issue we need to address is whether the Indian monetary policy response was appropriate. The major industrial countries have worked in ...