|
|
MONEY & BANKING
FINANCIAL SERVICES:
Financial sector bucks slowdown, pays more tax
SBI beats ONGC to the top slot in June 15 instalment. New Delhi, June 17 State Bank of India (SBI) has dislodged ONGC to become the leading advance taxpayer in the ...
HOUSING FINANCE:
‘Property prices set to rise’
Mumbai, June 17 Property prices in India which have been on the decline for several months on account of the credit crunch, are set to rise, according to Mr R.R. Nair, Director and Chief Executive, LIC Housing ...
OVERSEAS INVESTMENTS:
Investments in US Treasury holdings soar by $28 b in April
Increase was despite a dip in foreign exchange reserves. Bangalore, June 17 India’s US Treasury holdings rose by $28 billion in April as the Reserve Bank of India and financial institutions opted for safe ...
INSIGHT:
Reducing overhead costs in banks
Given the current economics of downturn, banks are the lone entities awash with cash in an otherwise credit-starved market, but that’s exactly the situation a bank would rather not be in. Asset-liability mismatch and increasing chances of ...
INSIGHT:
India must bank less on regulation
Banks on their own cannot always ensure ‘good’ outcomes. There is a need for regulation. This, however, does not imply that each and every part of the banking system needs to be regulated. The recent financial crisis has ...
DERIVATIVES MARKETS:
Interest rate futures to be introduced soon
Mumbai, June 17 A credible institutional hedging mechanism in the form of introduction of interest rate futures for banks, insurance companies, primary dealers, and provident funds, which bear a major portion of the interest rate risk on ...
FOREX:
Rupee breaches 48-level
The rupee fell by 40 paise to close above the 48-level mark at 48.14 on Wednesday. The rupee weakened to a one-month low as the dollar gained against other major currencies in the overseas markets and the domestic equities market witnessed ...
GOVT BONDS:
Bond prices gain
Bond prices moved up by 30 paise as the current yields attracted buyers. According to a bond dealer with a private bank, as the yields had gone up quite a bit, there was good buying interest among market participants. “In any case, the ...
LIFE INSURANCE:
Future Generali unveils new plan
Future Generali Life Insurance has launched Future Anand, a combination of life and endowment assurance plan. The company closed its first full year of operations in March, with a premium income of Rs 155 crore. Addressing presspersons, Mr ...
SHORT TERM INSTRUMENTS:
Call rate steady
The inter-bank call rate closed at 3.20-3.30 per cent, as against the previous close of 3.25-3.30 per cent. Under the liquidity adjustment facility (LAF), there were no bids in the one-day repo auction. In the reverse repo auction, the Reserve ...
LIFE INSURANCE:
MFIs emerging key distributors of Max Vijay policy
Kolkata, June 17 Micro-finance institutions and customer service centre network may emerge the largest channel for the distribution of Max New York Life’s (MNYL) small-kitty insurance policy, Max Vijay, in the coming days, according to ...
PEOPLE:
New IBA Chairman
Mumbai, June 17 Mr M.V. Nair, Chairman and Managing Director, Union Bank of India, took over as the Chairman, Indian Banks’ Association, for 2009-10 from Dr K. C. Chakrabarty, who assumed charge as a Deputy Governor of the Reserve Bank ...
INTERVIEW:
Karnataka Bank thrust on SME advances
Mangalore, June 17 For Mr P. Jayarama Bhat, the transition from teaching to banking happened more than three decades ago. Today, he is set to become the Managing Director of Karnataka ...
LIFE INSURANCE:
Max Vijay for underserved
Max New York Life and its corporate agent Peerless Developers Ltd have launched a scheme for financial inclusion. Peerless is distributing Max Vijay, an insurance-cum-savings product for the underserved. Peerless has achieved sales figures of ...
CREDIT MARKET:
Credit offtake up by Rs 22,029 cr
If credit offtake numbers are anything to go by then India Inc may be shaking off its reluctance to borrow for working capital purposes as well as setting up greenfield and brownfield projects. Credit offtake, according to RBI data, in ...
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
|
RSS Feeds