MONEY & BANKING
FINANCIAL SERVICES
Riskraft bags Mauritius deal
Riskraft Consulting Ltd, a financial technologies group company, has secured a contract from the Financial Services Commission (FSC), Mauritius, to implement a risk-based supervision system for its regulated entities. The system enables the ...
More
FOREX
Rupee ends higher
The rupee opened at 42.94/95 against the dollar, which was also the intra day low, and closed at 42.84 on Thursday against the previous close of 42.87. "The rupee saw a two-way movement today," said a dealer with a private bank. ...
More
AGRICULTURAL INSTITUTIONS
Nabard scheme for MFIs
Nabard will extend capital or equity support to micro-finance institutions through its Micro Finance Development and Equity Fund. Nabard has sanctioned Rs 1 crore to three MFIs each. The new scheme will facilitate MFIs to leverage funds from ...
More
HOUSING FINANCE
Postal dept may tie up with HDFC for home loans
Non-life products also on radar
More
LIFE INSURANCE
Private life insurers upset over pension `exclusion'
Regulator's decision may force rethink on biz strategy
More
INTEREST RATES
Union Bank raises rates
Union Bank of India has raised its benchmark prime-lending rate by 75 basis points to 13.25 per cent from 12.50 per cent, effective April 11. The bank had last raised its prime-lending rate in February 2007 to 12.50 per cent from 12 per cent. ...
More
Bank of India hikes prime lending rate
Bank of India has hiked its benchmark prime-lending rate by 75 basis points to 13.25 per cent (12.50 per cent), effective April 13. "Certain categories of advances like agriculture and SME with limits up to Rs 10 lakh, existing home loans that ...
More
GOVT BONDS
Bond prices fall 15 paise
Bond prices fell by around 15 paise as market participants were cautious about fall out of the Rs 10,000 crore Government securities auction held today. Total traded volumes on the order-matching system were Rs 1,875 crore (Rs 4,500 crore). ...
More
CREDIT MARKET
RBI eases norms for infrastructure financing
An infrastructure project that requires bank finance can now delay production by a year from the scheduled date of completion. The loan will be treated as a substandard account if the delay is beyond a year. Earlier infrastructure projects ...
More
SHORT TERM INSTRUMENTS
Call rates close low
Call rates closed low on Thursday at 1.75-2.25 per cent against the previous 3.50-3.75 per cent. Excess cash also made its way to treasury bills. The one-year treasury bill which was auctioned on Wednesday at a yield of 7.69 per ...
More
CREDIT CARDS & DEBIT CARDS
Credit counselling for the urban spendthrift
DEBT TRAP
More
PEOPLE
New MD for Tata AIG General
Tata AIG General Insurance Company Ltd has appointed Mr Michael Carlin as its Managing Director, effective May 1. Mr Carlin was the Chief Operating Officer prior to his appointment as Managing Director. He will succeed Mr Dalip Verma who is ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds