Business Daily from THE HINDU group of publications
Friday, March 13, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, March 13, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING MORTGAGE: E-registry of mortgaged homes on cards IBA move could bring down housing loan frauds. Mumbai, March 12 In a bid to overcome the menace of home loan frauds, the Indian Banks’ Association (IBA) proposes to set up a committee to work out the modalities for establishing a central ... RBI & OTHER CENTRAL BANKS: Encourage mobility of people, products: World Bank New report calls for geographic concentration of production. New Delhi, March 12 Population shift from villages to cities is natural and should be encouraged, says a new economic report from the ... FINANCIAL INSTITUTIONS: SKS Micro plans to double loan disbursals in 2009-10 To expand client base, venture into new markets. Kolkata, March 12 SKS Microfinance, the largest microfinance institution in the country and the fifth largest globally in terms of client base, is looking at more than doubling its total loan ... LIFE INSURANCE: Aegon Religare entering health insurance space Mumbai, March 12 Aegon Religare Life Insurance is planning to enter the health ... GOVT BONDS: Bond prices fall by Rs 2 Bond yields rose to levels last seen in December 2008, with the yields on the 8.24 per cent crossing 7 per cent. Fears of excess supply and lack of trading interest pulled the bond market down, said a dealer with a private bank. On Thursday, ... FOREX: Rupee ends flat The rupee opened stronger against the dollar on Thursday, but moved southwards during the day to close flat. Asian currencies have been stronger in the past two days, which was reflected in the buoyant rupee at open, said a forex dealer with ... SHORT TERM INSTRUMENTS: Call rates steady The inter-bank call rate closed at 3.55-3.60 per cent, against the previous close of 3.50-3.60 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 ... LIFE INSURANCE: ‘ICICI Prudential Life makes rapid strides in AP’ ICICI Prudential Life has made rapid strides in Andhra Pradesh during the past eight years, with business of over Rs 355 crore till the end of January during the current fiscal in the State, according to Mr Venkatachalam Iyer, ... HOUSING FINANCE: Central Bank fixes home loan rates at 8% for a year Mumbai, March 12 Central Bank of India has announced it will charge a fixed interest rate of 8 per cent for a year, on home loans up to Rs 20 lakh, on loans sanctioned between March 12 and April 30, ... STANDARDS & BENCHMARKS: Basel committee for hike in capital level The Basel Committee on Banking Supervision on Thursday announced that the level of capital in the banking system needs to be strengthened to raise its resilience to future episodes of economic and financial stress. This follows the ... M-COMMERCE: Citibank launches Citi Mobile Mumbai, March 12 Citibank, on Thursday, announced the launch of its mobile banking solution Citi Mobile that is compatible with mobile devices across most GSM operators. Through Citi Mobile, customers can perform banking transactions such ... ALLIANCES & JOINT VENTURES: IDBI Bank ties up with Crisil unit Mumbai, March 12 IDBI Bank has tied up with Crisil Risk Solutions, a division of Crisil Ltd, to help meet the advanced Basel II ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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