Business Daily from THE HINDU group of publications
Friday, December 12, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, December 12, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING PUBLIC SECTOR BANKS: PSU banks set to offer cheaper, easy home loans Package for small, medium sector also on cards. New Delhi, Dec 11 Home loan borrowers looking for finance of up to Rs 20 lakh are likely to see a slew of concessions coming their way in the next few days. State-owned banks are close to ... CREDIT MARKET: Union Bank chalks out revamp package for SMEs 100 specialised branches for small, medium sector. State-owned Union Bank of India has decided to throw a lifeline to distressed micro, small and medium enterprises (MSMEs) facing the brunt of the domestic and global economic ... VENTURE CAPITAL: PE funds turn their back on new infrastructure projects Fallout of massive tightening of global liquidity. Bangalore, Dec. 11 Debt funding for new infrastructure projects is facing bottlenecks with private equity (PE) funds exiting from ... INSIGHT: Memory bank The RBI’s archives in Pune enlighten and entertain in good measure.. They say still waters run deep. And the archives of the Reserve Bank of India (RBI) in Pune bear this out. Nothing duller, you’d think, could be found than the RBI. ... FINANCIAL MARKETS: Slow and no-frills ... CREDIT MARKET: Banks to fund large wind farm projects based on cash flows It will result in project sizes increasing. Chennai, Dec. 11 With more multi-national companies looking at setting up large wind farms, banks are now prepared to fund these projects based on their cash flows rather than take recourse to the ... RBI & OTHER CENTRAL BANKS: RBI chief calls for ‘significant’ policy action to tackle crisis Extends Rs 9,000-cr line of credit to National Housing Bank, Exim Bank. Kolkata, Dec. 11 The government and the Reserve Bank of India need to take “significant” steps to counter the “significant crisis”, Dr D. Subbarao, ... GOVT BONDS: Bond prices up Bond prices were up by Rs 1.21 on Thursday, spurred by lower inflation figures. The prices have been on a rallying spree after the Reserve Bank of India cut repo and reverse repo rates. The markets are bullish in expectation of a further fall ... FOREX: Rupee continues uptrend The rupee continued its appreciating trend against the dollar on Thursday, gaining by around 66 paise against the greenback. The domestic currency opened at 48.80/82 and strengthened to close at 48.30/32, against the previous close of ... PUBLIC SECTOR BANKS: PNB partners Infosys for Finacle Punjab National Bank (PNB) has chosen Infosys Technologies’ Financle software to power its core banking initiative in rural areas. Infosys would deploy a tailored version of Finacle core banking solution across PNB’s six regional ... SHORT TERM INSTRUMENTS: Call rates tad higher The inter-bank call rate closed marginally higher at 5.15-5.25 per cent, as against the previous close of 5-5.10 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF) there were no bids. In the reverse ... GENERAL INSURANCE: Indian Hotels gets Rs 25 cr in insurance claims Mumbai, Dec. 11 The Indian Hotels Company on Thursday received Rs 25 crore in insurance claims arising out of the terror attack on the Taj Mahal Hotel, ... INSIGHT: Making sense of IMF? World bodies can broadly be divided into two groups. The first comprises the United Nations (UN) and its numerous organs which are primarily meant for resolution of political, social, security and other issues bearing on relations among ... RBI & OTHER CENTRAL BANKS: ‘Growth lower than forecast but good’ Kolkata, Dec.11 India’s growth continues to remain good though it might be lower than what had been forecast for the fiscal, Ms Usha Thorat, Deputy Governor, Reserve Bank of India, said here ... CREDIT MARKET: Relief for housing, SMEs ... HOUSING FINANCE: NHB in talks with insurance cos Mumbai, Dec. 11 The National Housing Bank (NHB) is in talks with few insurance companies for tie-ups related to offering insurance-linked housing ... CO-OPERATIVES: 2 co-op banks’ licence cancelled Mumbai, Dec. 11 The Reserve Bank of India has cancelled the licences of two co-operative banks — Bhavnagar Mercantile Co-operative Bank Ltd. and Siddhpur Commercial Co-operative Bank Ltd. The banks had ceased to be solvent and all ... FINANCIAL SERVICES: Reliance Money ties up with DBS Vickers Mumbai, Dec. 11 Reliance Money has signed an agreement with DBS Vickers Securities (Singapore) Pte Ltd, a subsidiary of DBS Bank, to facilitate trading in global commodity exchanges for Indian corporate and other ... PRIVATE BANKS: Bank of Rajasthan to distribute Edelweiss MF products New Delhi, Dec. 11 Bank of Rajasthan will distribute mutual fund products of Edelweiss Mutual Fund. For this purpose, Edelweiss Asset Management has entered into a tie up with Bank of ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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