Business Daily from THE HINDU group of publications
Wednesday, February 04, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, February 04, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FIXED DEPOSITS: Banks witness fall in low-cost deposits’ share in Dec quarter Fallout of retail investors shifting to fixed deposits. Mumbai, Feb. 3 Most banks saw a fall in the ratio of low-cost deposits to total deposits in the December-ended quarter. The higher interest rates on term deposits and the unpredictable ... FINANCIAL MARKETS: ‘Narrow’ banks: An idea whose time has come? Some years ago, the concept of a ‘narrow’ bank was widely discussed in policy-making, academic and market circles. One would have thought that in current times when the entire spectrum of commercial banks, investment banks, ... TECHNICAL ANALYSIS: Rupee meanders sideways The rupee remained glued to its short-term trading range against the dollar. Interestingly, some of the other emerging market currencies such as Thai Baht, Brazilian Real and Korean Won are mimicking the rupee movement over the last two ... GOVT BONDS: Bond yields rise Bond yields rose as participants stayed away from the trade anticipating announcement of further Government borrowing and on rumours of a rate cut ahead of the general elections. Additional government borrowing means more supply of papers in ... REGIONAL RURAL BANKS: KVGB biz touches Rs 5500 cr ... CORPORATE BONDS: Rs 6,000-cr bonds to fertiliser cos The Union Government on Thursday announced the issue of ‘6.65 per cent Fertiliser Companies Government of India Special Bonds, 2023’ for Rs 6,000 crore at par to 23 Fertiliser Companies as compensation towards fertiliser subsidy ... SHORT TERM INSTRUMENTS: Call rate ends lower The inter-bank call rate closed at 4.10-4.20 per cent, against the previous close of 4.15-4.25 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the reverse repo auction, the ... PEOPLE: New chief for Nabard (AP) ... LIFE INSURANCE: Tata AIG Life, SIB tie-up Tata AIG Life Insurance Company Ltd has tied up with South Indian Bank according to which the bank will provide premium renewal collection services to Tata AIG Life customers. The service would be provided through the 520 branches of the ... PRIVATE BANKS: Karnataka Bank ATMs in AP ... HUMAN RESOURCES: Syndicate Bank to hire 1,000, open more branches New Delhi, Feb. 3 Syndicate Bank has said it plans to hire 1,000, mainly in the officers’ category, and add 150 branches in the current calendar ... GENERAL INSURANCE: Oriental Insurance ties up with MyTVS Mumbai, Feb. 3 Public sector insurer Oriental Insurance Company has tied up with MyTVS, an after sales service solution provider for car owners for roadside assistance ... CREDIT MARKET: Big jump in Andhra Bank credit growth Chennai, Feb. 3 Andhra Bank’s fresh loan sanctions from October 2008 amounted to Rs 15,000 crore, representing a year-on-year growth of around 35 ... PUBLIC SECTOR BANKS: Corporation Bank to raise Rs 700 cr Mumbai, Feb. 3 Mangalore-headquartered Corporation Bank has firmed up plans to raise Rs 700 crore through private placement of Upper Tier-II ... FOREX: Rupee gains 10 paise Mumbai, Feb. 3 The rupee appreciated by 10 paise against the dollar on Tuesday, in a range-bound ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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