The Hindu Business Line : Wednesday, November 12, 2008

MONEY & BANKING

PUBLIC SECTOR BANKS: Deposit funds with public sector banks, PSUs told
Stop inviting bids from banks to park surplus cash: Chidambaram. New Delhi, Nov. 11 The Finance Minister, Mr P. Chidambaram, is understood to have once again told cash rich central public sector enterprises (CPSEs) to stop inviting bids from ...

OVERSEAS BORROWINGS: ‘Offshore loan deals down 46% by value’
Indian market mirrors Asian trend, says Bank of America. Mumbai, Nov. 11 The resources raised by India Inc via foreign currency syndicated loans have declined by a steep 46 per cent to around $13 billion in the first nine months of this calendar ...

FINANCIAL POLICY: Monetarism: Into the dustbin of history?
Central banks the world over are pulling out all stops to enable financial institutions and markets to come out of the current ...

TECHNICAL ANALYSIS: Rupee to be range-bound
The resistance at 47 proved too strong for the rupee to surpass and it moved sideways between 47 and 48 for a few ...

FIXED DEPOSITS: Rush for special deposit schemes
Coimbatore, Nov. 11 As home loan borrowers, traders, SMEs and corporates await with some eagerness the announcement of a cut in lending rates, senior citizens and those averse to investing in stock market are now seen rushing to banks to beat ...

GOVT BONDS: Bonds gain 25 paise
Bond prices gained by 25 paise on Tuesday, on expectations of a cut in reverse repo rates. Prices were lower in the early half of trade as the issuance of oil bonds by the Government dampened sentiment, said a dealer with a private bank. ...

GENERAL INSURANCE: Health cover for Sabarimala pilgrims
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SHORT TERM INSTRUMENTS: Call rate ends lower
Call rates closed lower at 7.40-7.50 per cent, as against the previous close of 7.50-7.75 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were 5 bids for Rs 2,750 ...

PUBLIC SECTOR BANKS: PNB opens branch at Khammam
Punjab National Bank has opened its 69th branch at Khammam. There are 38 ATMs and all branches are networked. According to Mr K.K. Aravindakshan, Deputy General Manager, AP Circle, the bank did a total business of Rs 4,190 crore up to September ...

HOUSING FINANCE: Dewan Housing opens 2 new branches
Dewan Housing Finance Corporation Ltd (DHFL), a private sector housing finance company, inaugurated two more branch offices at Nellore and Kadapa in Andhra Pradesh. With these, DHFL today has a network of 72 branches and 116 service centres ...

GENERAL INSURANCE: Reinsurance treaty terms likely to stiffen
Bangalore, Nov. 11 The global financial turmoil has cast its shadow on treaty renewal negotiations between domestic insurance companies and ...

FOREX: Rupee breaches 48-mark
Mumbai, Nov. 11 The rupee was very volatile against the dollar on Tuesday and closed above the 48 mark on oil and defence related dollar buying. The huge losses in the stock market also added to the negative sentiment in the spot rupee ...

CORPORATE BONDS: Oil PSUs get Rs 22,000-cr oil bonds
The Centre has issued oil bonds to the tune of Rs 22,000 crore to three public sector oil marketing companies as compensation towards estimated under-recoveries on account of sale of sensitive petroleum products during the current financial ...