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MONEY & BANKING

PENSION PLANS: Bank employees get one-time pension option
After bargaining hard for over two years, bank unions and the Indian Banks' Association (IBA) on Friday finally agreed to the ninth bipartite wage settlement with effect from November ...

INTEREST RATES: Sufficient room for banks to cut lending rates further: Subbarao
The Reserve Bank of India is studying the likely impact of Dubai World's financial crisis on India, the Governor, Dr D. ...

CREDIT MARKET: RBI to ask banks for details of exposure to Dubai World
Impact unlikely, say bankers. The Reserve Bank of India plans to ask banks to furnish details of their exposure, if any, to Dubai World, the government-owned company which is reeling under liabilities of $59 billion and has sought to delay ...

MONETARY POLICY: Fair request
In its second quarter review of monetary policy last month, the Reserve Bank of India (RBI) kept key rates unchanged but tweaked the regulatory environment for banks especially with regard to provisioning norms. The central bank upped ...

LIFE INSURANCE: Life insurers bet on new products
Life insurance companies are on a product launching spree as they gear up to meet demand from customers looking to save taxes. Typically, the January-March quarter is when the industry sees the highest sales and almost 40 per cent of the ...

GENERAL INSURANCE: Bengal farmers in a fix over payment delay
The delay on the part of the Union Government in releasing insurance money to nearly five lakh farmers of West Bengal following the failure of potato and boro paddy crops in 2008-09, has hit ...

FOREX: Rupee breaches 47, but recovers
...

FINANCIAL INSTITUTIONS: DP World not part of financial rejig, says Dubai Government
The Dubai Government moved to reassure market on Thursday that DP World Ltd, the container terminal operating arm of the Dubai World, an Emirate-backed outfit, was not part of a proposed ...

FOREX: Forex reserves fall $1.03 billion
Foreign exchange reserves fell $1.032 billion to $285.344 billion for the week ended November 20, according to figures released in the Reserve Bank of India's weekly ...

GOVT BONDS: Bond prices weaken
...

SHORT TERM INSTRUMENTS: Call rates stable
...

NON-PERFORMING ASSETS: Correction
In the report ‘Banks may get more time for NPA provisioning' ( Business Line, Nov. 26), banks will have to make a provision of Rs 13,000 crore till end-September 2010 and not Rs 1.3 lakh crore, as reported. The error ...





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Markets (Nov 27)
Nifty (at close)4,941.75 (-63.80)
US Dollar (Buy/Sell)46.64/65
Brent crude (a bbl) Rs3,533
Gold (a gram) Rs1,649
Silver (a kg) Rs29,200

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