The Hindu Business Line : Saturday, November 29, 2008

MONEY & BANKING

PRIVATE BANKS: YES Bank’s Ashok Kapur killed in terror attack
Mumbai, Nov. 28 Mr Ashok Kapur, Non-Executive Chairman of YES Bank, fell to the bullets of terrorists who had laid siege to Hotel Oberoi in south Mumbai for over 40 hours beginning Wednesday ...

INTEREST RATES: ‘Individual banks will decide on interest rates for SMEs’
RBI holds meeting with select bank chiefs. Mumbai, Nov. 28 The Reserve Bank of India on Friday took stock of the liquidity position in the banking system and problems being faced by small and medium enterprises (SMEs) and exporters in a ...

GOVT BONDS: Bonds gain by 15 paise
Rate cut expectations overrode the negative investor sentiments in the government securities market on Friday. Bond prices gained by 15 paise in a market that witnessed high trading volumes. Total traded volumes on the order matching system were ...

PRIVATE BANKS: KVB service for college fee payment
Karur Vysya Bank has launched a technology aided service — payment of institutional fees through ATMs. The facility was introduced at the Chettinad College of Engineering and Technology, Puiyur, near Karur, where the 308th ATM of the bank ...

SHORT TERM INSTRUMENTS: Call rate ends higher
The inter-bank call rate closed higher at 6.90-7 per cent, as against the previous close of 6.00-6.10 per cent. In the three-day repo auction under the first liquidity adjustment facility (LAF), there were 4 bids for Rs 10,000 crore. In the ...

FINANCIAL MARKETS: Currency futures gain strength on volatile rupee
Mumbai, Nov. 28 The race between the National Stock Exchange and MCX Stock Exchange (MCX SX) to achieve leadership position in currency futures has turned hot in the last few weeks, with the rupee turning volatile as the ...

SMALL SAVINGS: Service tax on chit funds?
The Finance Act, 1994 introduced, for the first time, levy of tax on services. Starting with tax on three services, this tax is now leviable on more than 100 services — its coverage getting extended by each year through the Finance ...

FOREX: Rupee slips on terror impact
Mumbai, Nov. 28 The terror strike in the financial capital impacted sentiments in the local forex market. The domestic currency witnessed a sharp fall against the dollar amid thin trading ...

FOREX: Forex reserves fall by $550 m
Mumbai, Nov. 28 The country’s foreign exchange reserves declined by $550 million to touch $245.799 billion for the week ended November 21, according to the figures released by ...