The Hindu Business Line : Thursday, March 05, 2009

MONEY & BANKING

RBI & OTHER CENTRAL BANKS: Repo, reverse repo rates cut
Signal for banks to cut lending rates. Mumbai, March 4 Sending a strong signal to banks to lower lending rates, the Reserve Bank of India on Wednesday cut repo and reverse repo rates by half a percentage point each with immediate effect. Though ...

PERFORMANCE: Pvt life insurers facing ULIP delinquencies
Leveraging bancassurance network to sustain growth. Bangalore, March 4 With unit-linked insurance plan (ULIP) premium accretions slowing down or facing delinquencies, private sector life insurers have begun leveraging on their bancassurance ...

TECHNICAL ANALYSIS: Range for rupee between 50 and 53
The rupee made a decisive move below the 50-mark last Thursday and has been spiralling lower ever since. Weak stock markets and accelerated selling by foreign institutional investors in the domestic markets were the ostensible reasons behind ...

FOREX: Rupee recovers on dollar sales
The rupee gained around 42 paise against the dollar on Wednesday, breaking an over a week long depreciating trend. The domestic currency opened at 51.95 and touched an intra-day low of 52.04. It recovered to close at 51.54, against the ...

LIFE INSURANCE: Aegon Religare bullish on selling rural plans in TN
Coimbatore, March 4 “While the insurance market is seeing a slowdown, the business is still growing. It may not grow at the earlier level of 30 – 40 per cent, but the industry growth is expected to hover around 18 – 20 per ...

INTEREST RATES: ‘A signal to cut rates’
Mangalore, March 4 The monetary stimulus announced by the Reserve Bank of India RBI on Wednesday — where the RBI decided to reduce repo rate from 5.5 per cent to 5 per cent and reverse repo rate from 4 per cent to 3.5 per cent – is ...

INTEREST RATES: ‘Unlikely to impact lending rates immediately’
The 50 basis points reduction in repo and reverse repo rates announced by the Reserve Bank of India might not have an immediate impact on lending rates of banks, according to senior ...

LIFE INSURANCE: Insurers told to lower limit for premium payments in cash
Hyderabad, March 4 The insurance premium payments in cash may now be tougher as the Insurance Regulatory and Development Authority (IRDA) has asked the insurance companies to work on lower limits for ...

INTEREST RATES: ‘CRR cut is in the offing’
Coimbatore, March 4 A cut in the repo and reverse repo rate is on expected lines, say bankers. While this is expected to force banks to reduce their rates, the real problem ‘appears to be demand constraint,’ say ...

INTEREST RATES: A welcome step, says Chanda Kochhar
Mumbai, March 4 “The 50 basis points reduction in repo and reverse repo rate is a very welcome measure,” said Ms Chanda Kochhar, CEO-designate, ICICI ...

GOVT BONDS: Bond yields rise
...

SHORT TERM INSTRUMENTS: Call rates unchanged
...

INTEREST RATES: ‘RBI rate cuts to increase credit flow’
Reacting to the RBI cutting repo, reverse repo rates on Wednesday, Ms Renu Challu, Managing Director, State Bank of Hyderabad (SBH) said: The 50 basis points cut in repo and reverse repo clearly shows that the Reserve Bank ...

CRR & BANK RATES: Rate cut may push banks to lend
The Reserve Bank of India on Wednesday announced reduction in policy rates, in a move to encourage banks to cut lending rates further and dissuade them from parking excess cash with itself. The quantum of cut in repo and reverse repo rates ...

INTEREST RATES: No surprises, say economists
Thiruvananthapuram, March 4 Economists are of the view that fiscal numbers and the impending full Budget followed by the Finance Commission report may act as triggers for the ‘next big action’ on the banking and economy ...

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Markets (March 04)

Nifty (at close)	2645.20(+22.80)
US Dollar (Buy/Sell)	51.54/55
Brent crude (a bbl) Rs	2,233
Gold (a gram) Rs	1,395
Silver (a kg) Rs	23,010

Cross Currency Rates

In Focus
Who is hiring?

More

Other Top Stories
United Spirits may place curbs on partner’s holding in company

Ashok Leyland Feb sales down 57%

Tube Investments to focus on retail

Non-tariff barrier on Australian dairy items goes

Shipping Ministry seeks Rs 10,000-cr credit to tide over crisis

Low prices may hamper NELP VIII: Reliance

Moody’s downgrades Tata Steel

Looking back
Feb. 22-Feb. 28
Microfinance outreach grew 40% in 2007-08: Report

Yields harden on Govt borrowing, FII sell-off

Sharp rise seen in outward remittances

Turf war on debt management office

Banks in no hurry to launch financing scheme for Nano

Online facility for registering insurance complaints

Banks told to pass on benefits of repo cuts to borrowers