Business Daily from THE HINDU group of publications
Saturday, September 13, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, September 13, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING FOREX: IT stocks turn bearish, pull Sensex down to 14,000 Companies unable to reap benefits of depreciating rupee. Mumbai, Sept. 12 The Sensex fell more than 2 per cent on Friday, partly due to the unusual phenomenon of IT stocks declining even as the rupee is depreciating against the dollar. ... FIXED DEPOSITS: Banks tapping CDs to meet credit demand Ministry frowns on bulk deposits; insurers show interest. Bangalore, Sept. 12 Faced with the Finance Ministry’s disapproval of bulk deposits, public sector banks (PSB) have returned to the floating certificates of deposits ... NON-PERFORMING ASSETS: Edelweiss to foray into asset reconstruction biz To offer wealth management services to Union Bank clients. Mumbai, Sept 12 Edelweiss Capital will soon file an application with the regulators for its Asset Reconstruction Company (ARC) licence, said a company official on ... FOREX: Rupee weakens further The rupee weakened further against the dollar on Friday due to all-round demand for the dollar and the weak stock market. Market participants are buying dollars in the spot market and selling in the non-deliverable forward market to take ... GOVT BONDS: Bond prices fall Bond prices fell by 54 paise after the auction of Rs 8,000-crore worth Government securities. The prices rallied in the initial part of the day, as the markets were bullish on the inflation figures, said a dealer with a private bank. However, the ... SHORT TERM INSTRUMENTS: Call rate ends lower The inter-bank call rate closed substantially lower at 6.25-6.5 per cent against the previous close of 7.75-8.25 per cent. In the three-day repo auction under the first liquidity adjustment facility, the RBI received and accepted one bid worth Rs ... FIXED DEPOSITS: SBH deposit mobilisation drive State Bank of Hyderabad (SBH) has launched deposit mobilisation campaign Deposit Dhamaka. The bank is offering incentives, including an additional interest of 0.25 per cent a year for all term deposits including recurring deposits with maturing ... NBFCS: Sahara India Investment exits NBFC business Mumbai, Sept. 12 Sahara India Investment Corporation Ltd has voluntarily exited the non-banking financial business, a press release issued by the Reserve Bank of India said. ... HUMAN RESOURCES: HC questions bank for conducting ‘fresh’ enquiry against employee Chennai, Sept. 12 The Madras High Court has set aside the dismissal of an employee of a nationalised bank as the bank had illegally conducted a ‘fresh’ enquiry on the charge-sheet filed against the said ... INSURANCE: IIRM to expand training services Hyderabad, Sept. 12 The Institute of Insurance and Risk Management (IIRM) will be expanding its consultancy and customised training programmes for insurance companies, according to Mr Vepa Kamesam, its Managing ... CREDIT MARKET: Banks asked to lend to no frills a/c holders Mumbai, Sept. 12 Banks must offer loan products that are suitable for low income borrowers to bring them into the formal system and for financial inclusion to be successful, said Ms Usha Thorat, Deputy Governor, Reserve Bank of India. ... INSIGHT: RBI Annual Report 2007-08: Take the road less travelled The Annual Report of the Reserve Bank of India (RBI) does not say anything new. Only a few weeks ago, the Bank had issued its quarterly reviews of policy and developments in the economy and had adequately covered all aspects comprehensively. ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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