Business Daily from THE HINDU group of publications
Friday, January 02, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, January 02, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INSIGHT: The challenge before RBI For the first time in the history of the Reserve Bank of India, it has had to face overt pressure from the Government to ease monetary policy. One recognises the fact that the RBI has only limited autonomy on monetary policy. The dialogue ... GOVT BONDS: Bond volumes up 77% as banks churned portfolios Volatility in yields keeps market buoyant; returns seen at 30%. Mumbai, Jan. 1 The government securities market ended calendar year 2008 with a huge surge in volumes as banks actively churned their trading portfolios to take advantage of the ... LIFE INSURANCE: ULIPs likely to be cheaper by 10-15 pc IRDA cuts solvency margin by 20 bps. Hyderabad, Jan 1 Unit-linked Insurance Products (ULIPs) are likely to be cheaper by 10-15 per cent soon as the Insurance Regulatory and Development Authority (IRDA) has reduced the required solvency margin by ... FINANCIAL SERVICES: Andhra Bank ties up with Citibank for funds transfer ‘Soft launch of US office draws good response’. Hyderabad, Jan. 1 Andhra Bank has tied up with Citibank to offer online money transfer facility for remittance of money ... GOVT BONDS: Bond prices fall by 38 paise Bond prices fell by 38 paise, despite lower inflation figures. With inflation figures being lower than the previous week’s, the markets rallied in the first half of the trade, said a dealer with a private bank. However, profit booking in ... FOREX: Rupee a tad lower The rupee closed slightly lower against the dollar on Thursday as importers and oil companies bought dollars. The currency opened higher at 48.55/56 and fell to a low of 48.84 during day trade. It ended trade at 48.76/77, slightly lower from ... INTEREST RATES: SBT cuts BPLR to 12.75% State Bank of Travancore has effected a cut in its benchmark prime lending rate by 50 basis points from 13.25 per cent to 12.75 per cent with effect from January 1. A bank spokesman said that rates on all existing and new loans linked to the ... SHORT TERM INSTRUMENTS: Call rate ends lower Call rates closed lower at 5.20-5.25 per cent, as against the previous close 6.40-6.50 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the one-day reverse repo auction, the ... E-COMMERCE & E-BUSINESS: Andhra Bank launches net banking, gold coin sales Andhra Bank is aiming to become a medium-sized bank by crossing Rs 1.50 lakh crore business by ... RESTRUCTURING: UCO Bank equity capital rejig takes effect New Delhi, Jan. 1 The equity capital of UCO Bank has been restructured. The Government has given effect to the capital restructuring proposal involving conversion of Rs 250 crore out of the total equity capital of Rs 799.36 crore into ... FOREX: ECB inflows down 35% Chennai, Jan. 1 External Commercial borrowings made by Indian companies in this fiscal have dropped 35 per cent compared to last ... CREDIT MARKET: Commercial banks urged to assist MSMEs Commercial banks should take the requisite steps immediately, as suggested by the RBI, to help the micro, small and medium enterprises (MSMEs) in the country, as the units are facing a crisis due to economic recession and are in danger ... DERIVATIVES MARKETS: Derivatives: RBI panel to review findings Coimbatore, Jan. 1 An inter-departmental committee of the Reserve Bank of India has been entrusted with the responsibility of reviewing the findings of the inspections regarding ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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