The Hindu Business Line : Wednesday, July 09, 2008

CREDIT MARKET: Education loan portfolio set to grow at 40%
NPAs at low levels as job market is buoyant. Kolkata, July 8 Education loan portfolio of banks, which saw a growth of about 30-40 per cent in 2007-08, is set to witness a growth of about 40 per cent in 2008-09, according to senior bank ...

GOVT BONDS: Bond prices fall by Re 1
Bond prices fell by almost a rupee on fears of political instability, as the Left announced it was pulling out of the UPA Government. According to bond dealers, inflation in double digits and tight liquidity following the new CRR rates are the ...

GOVT BONDS: Bond prices fall by Re 1

FOREX: Rupee tad higher
The rupee appreciated marginally against the dollar on Tuesday after the stock markets recovered some of the initial losses. The wide fluctuations in the rupee could also be attributed to political uncertainty, said forex dealers. The domestic ...

SHORT TERM INSTRUMENTS: Call rates edge up

CREDIT MARKET: Centre mulling loan waiver for weavers: Vaghela
Hyderabad, July 8 The Union Government is considering a proposal to waive loans worth Rs 800-1,000 crore of handloom weavers, Mr Shankersinh Vaghela, Minister of Textiles, said. It is also considering a proposal to offer loans to the weavers ...

CREDIT MARKET: ‘Caste’ out by banking system
Bangalore, July 8 Despite the rise of dalits in the political sphere, their share in the total number of small borrowal accounts and total credit has fallen sharply over the last five years. According to the Reserve Bank of India’s ...

FOREIGN BANKS: HSBC product for small businesses
Mumbai, July 8 HSBC India has launched an online product for SMEs, which offers facilities such as zero balance requirements, free online transactions, free cash withdrawal up to Rs 2 lakh at 23,000 Visa ATMs and multiple debit cards. ...

CREDIT MARKET: SBI to raise processing fee on loans
Mumbai, July 8 As part of its strategy to enhance the non-interest income, State Bank of India plans to increase the processing fee on loans, both for corporate and retail. ...

LIFE INSURANCE: Max New York entrains Rajdhanis for a brand chug
New Delhi, July 8 Ads on trains are catching up. Max New York Life is the latest company to partner Railways to utilise the exterior as well as interior branding opportunities in the Chennai, Bangalore and Trivandrum Rajdhanis. ...

INSIGHT: Will Reddy do a Volcker?
Despite several increases in interest rates and the cash reserve ratio (CRR), inflation hardly shows signs of behaving. It has become the despair of the Government and the Reserve Bank of India. Most are of the opinion that inflation news will ...

TECHNICAL ANALYSIS: Rupee likely to be range-bound
The rupee continued to move in consonance with the stock markets. It appreciated following the mid-week recovery in stock prices last week. But the return of volatility since this Monday has taken the Indian currency close to the 43.5-mark ...

LIFE INSURANCE: LIC buys Amrutanjan property
Life Insurance Corporation has acquired a 7-acre property from Amrutanjan Ltd for Rs 110 crore. According to information provided by Amrutanjan Ltd to the stock exchange, the company has sold the property at Egattur, about 20 km from Chennai, on ...