The Hindu Business Line : Friday, September 26, 2008

MONEY & BANKING

FIXED DEPOSITS: NHB plans products for retail market
To raise Rs 9,000 cr; zero coupon bonds, FDs on the anvil. New Delhi, Sept. 25 National Housing Bank (NHB), a market-oriented development financial institution, plans to launch slew of products including conventional fixed deposit type schemes ...

GENERAL INSURANCE: Reinsurance rates under pressure
Hardening global rates send insurers flocking to GIC. Bangalore, Sept 24 With the collapse of the world’s largest insurance company, American International Group, reinsurance premiums have come under pressure ...

INSIGHT: Convulsive crisis of capitalism
The present global financial turmoil, characterised by a weak economic environment, low liquidity and volatile debt was triggered by the sub-prime mortgage crisis in the US. The International Monetary Fund’s twice-yearly ...

GOVT BONDS: Bond prices close higher
Bond prices closed slightly higher on improved liquidity and easing of oil price. The market is in a buying mode now, as participants see value at the current bond prices, said dealers. There was not much demand for funds as most participants ...

FOREX: Rupee down 26 paise
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PRIVATE BANKS: Federal Bank treasury in Mumbai
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FIXED DEPOSITS: REPCO Bank hikes deposit rates
Repatriates Co-operative Finance and Development Bank (REPCO Bank) has increased the interest rates on its deposits by introducing two special schemes effective from September 8. Under Repco Reward Senior Citizens scheme, the interest will be ...

SHORT TERM INSTRUMENTS: Call rate ends flat
Call rates closed flat at 10-10.25 per cent, the same as on Wednesday. In the one-day repo auction under the first liquidity adjustment facility (LAF), the RBI received and accepted 25 bids worth Rs 38,545 crore. There were no reverse repo bids. ...

LIFE INSURANCE: Tata AIG Life COO
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INTERVIEW: IndusInd yet to reap full gains from ALF merger
Chennai, Sept. 25 In the Indian banking sector, Mr Romesh Sobti’s name has long been synonymous with ABN Amro Bank, where he was the Executive Vice-President – Country Executive, India, and Head, UAE and ...

PUBLIC SECTOR BANKS: Corporation Bank targets Gujarat dairy farmers
Mangalore, Sept. 25 Dairy farmers are emerging as a major segment of customers for the branchless banking model of Corporation Bank, if the present trends and future plans are any ...

M-COMMERCE: Atom Tech to offer banking via subsidiary
Mumbai, Sept. 25 Atom Technologies, part of the Financial Technologies Group, is planning to offer banking correspondent services through a recently set up subsidiary, ‘Grameen ...