Business Daily from THE HINDU group of publications
Saturday, March 21, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, March 21, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING SHORT TERM INSTRUMENTS: Citibank enters domestic CD markets to raise Rs 500 cr Funds mobilised at steep coupon rate of 8.25%; more issuances likely. Bangalore/ Mumbai, March 20 In a rare foray, Citibank India hit the domestic money market to raise Rs 500 crore through Certificate of Deposits (CDs). The bank raised ... INTEREST RATES: Banks, bond market players see RBI reducing rates further Mumbai, March 20 Banks and bond market participants are widely expecting the Reserve Bank of India to reduce repo and reverse repo rates by 100 and 50-100 basis points respectively next month in its Annual Policy for ... FOREX: Rupee slips on dollar demand The rupee depreciated by around 30 paise against the greenback on Friday, pulled down by the demand for the greenback from oil importers. The domestic currency opened at 50.30 and touched an intra-day high of 50.04. It then weakened against ... TRADE & LABOUR UNIONS: Workers’ participation stressed The All India Bank of Baroda Employees’ Coordination Committee has stressed the need for workers’ participation in the bank’s management to restore industrial relations. This was among the other demands such as ‘no’ ... CONSUMER FINANCE: Indian Bank, Tata Motors tie up Indian Bank has entered into a tie-up with Tata Motors for financing its range of passenger cars. Under the MoU, the bank will offer loans at 11.5 per cent interest rate to customers buying Tata Motors’ passenger cars. The repayment period ... CREDIT CARDS & DEBIT CARDS: UCO Bank in talks to launch co-branded credit card Kolkata, March 20 At a time when most banks are shying away from the credit card business due to mounting defaults, UCO Bank plans to launch a co-branded credit card in order to complete its bouquet of services for its customers, according to ... ALLIANCES & JOINT VENTURES: Co-op bank takeover: IOB chief denies charges Chennai, March 20 The Indian Overseas Bank’s Chairman, Mr S.A. Bhat, has denied that there was any political pressure in the decision to takeover the Pune-based Shree Suvarna Sahakari Bank ... GENERAL INSURANCE: Star Health’s new product to cover maternity expenses Kolkata, March 20 Chennai headquartered Star Health and Allied Insurance Company Ltd is looking at launching a health insurance product this year that will cover maternity expenses, Mr V. Jagannathan, Chairman and Managing Director, told ... DERIVATIVES MARKETS: Geojit launches online trading in currency derivatives Kochi, March 20 Geojit Financial Services on Friday launched Internet trading in currency ... FOREX: Forex reserves rise by $1.43 b Mumbai, March 20 The country’s foreign exchange reserves increased by $1.432 billion to $248.724 billion, according to the Reserve Bank of India’s weekly ... TRADE & LABOUR UNIONS: SBH officers stage dharna Opposing any move to merge State Bank of Hyderabad with its parent State Bank of India, over 1000 officers staged a dharma at Head office of SBH here on Friday. The dharma was conducted to oppose the visit of Ms Bharati Rao, Advisor (Mergers ... CONSUMER FINANCE: Canara Bank, Hyundai in pact Canara Bank has entered into a tie-up with Hyundai Motor India Ltd to finance the passenger vehicles produced by the company. The bank will extend the finance facility through its branches across the country to the buyers of the cars through the ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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