Business Daily from THE HINDU group of publications
Thursday, August 14, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, August 14, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING PUBLIC SECTOR BANKS: Public sector cos not following norms on bulk deposits Competitive bids still being called: Chidambaram. New Delhi, Aug 13 The Finance Minister, Mr P. Chidambaram, on Wednesday said that Central public sector enterprises (CPSEs) appear to be violating Government departmental guidelines on ... CREDIT MARKET: Banks waiving penalties on foreclosure of loans Tight liquidity, high cost of funds prompt move. Bangalore, Aug . 13 With certificates of deposit (CD) headed to breach the 11-per cent mark on the back of tight liquidity, banks have started waiving penalties for loan ... FOREX: ITES cos unperturbed by rupee rise against euro ‘Rupee appreciation against pound more worrisome’. Chennai, Aug. 13 The Rupee has appreciated about 8 per cent against the euro in the last month to touch Rs 63.46 to a euro today compared to about Rs 68.17 a month ago. While this ... GOVT BONDS: Bond prices fall Bond prices fell by around 70 paise as traders lightened their positions ahead of the release of inflation figures on Thursday. Total traded volumes on the order matching system were at Rs 3,380 crore (Rs 6,945 crore). Market participants reacted ... FOREX: Rupee sheds 27 paise The rupee depreciated by 27 paise against the greenback on Wednesday due to sustained demand for dollars from corporates. The currency opened weaker at 42.56/58 and fell further to touch an intra-day low 42.77/78. It closed at 42.64/65, against ... SHORT TERM INSTRUMENTS: Call rates a tad higher The inter-bank call rate closed at 9.30-9.35 per cent, marginally higher than the previous close of 9.25-9.30 per cent. In the one-day repo auction under the liquidity adjustment facility, the RBI received and accepted 33 bids for Rs 35,025 ... FOREX: Hedging vital to combat euro depreciation Large cos take to hedging in big way. The recent appreciation of the euro against the Indian rupee has underlined a point that most corporate CFOs intuitively know, but apparently do not always play by: there is a need to be well ... TRADE & LABOUR UNIONS: Bank unions plan strike on Aug 20 against merger Mumbai, Aug. 13 Bank unions are planning a one-day strike on August 20 to protest the merger of public sector banks, even as the final Government order on merger of State Bank of Saurashtra with State Bank of India is expected any time now. ... PUBLIC SECTOR BANKS: Taking stock FIXED DEPOSITS: Banks to focus on low-cost CASA deposits Kolkata, Aug.13 Kolkata-headquartered banks plan to focus on mobilising low-cost Current Account and Savings Account (CASA) deposits in order to manage their cost of funds. ... INTEREST RATES: LVB to hike deposit rates Coimbatore, Aug. 13 Lakshmi Vilas Bank has decided to effect an upward revision in its domestic deposit rates for various tenures from August 16. ... GENERAL INSURANCE: Bharti AXA General to hire 1,700 Chennai, Aug. 13 Bharti AXA General Insurance, the latest entrant into the general insurance industry, plans to recruit close to 1,700 people during the course of the next year. ...
GENERAL INSURANCE:
IPO by PSU insurers opposed Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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