The Hindu Business Line : Thursday, October 23, 2008

MONEY & BANKING

TECHNICAL ANALYSIS: Rupee to test 50
The rupee recorded a new all-time low at 49.49 on Wednesday as equity markets tumbled across the globe, making funds flee out of emerging markets. Foreign Institutional Investors have pulled out over $2.8 billion from Indian stock markets ...

FINANCIAL PERFORMANCE: OBC net rises 36% on all-round growth
‘Review of lending rate only when cost of deposits comes down’. New Delhi, Oct. 22 Aided by buoyant growth in core operations, surge in treasury incomes and a write-back of income-tax provision of Rs 147 crore, Oriental Bank of ...

CREDIT RATING: Moody’s cuts Tata Steel’s outlook to negative
‘Change reflects challenging conditions for company’. Mumbai, Oct. 22 Global rating agency Moody’s Investors Service on Wednesday changed Tata Steel outlook on its Ba1 corporate family rating to negative from ...

GENERAL INSURANCE: EMRI to cover 10 States by February
To organise global meet on emergency healthcare. Hyderabad, Oct. 22 The Emergency Management and Research Institute (EMRI), an integrated emergency healthcare service provider, would be covering 10 States by January 2009, reaching nearly half of ...

CREDIT MARKET: Banks unlikely to extend credit support to airlines
Debt service coverage ratio hit by lease rentals, overdues to oil cos. Bangalore, Oct. 22 Public sector banks have ruled out any credit support to domestic aviation companies fearing ...

FOREX: Rupee hits new low of 49.30
The rupee continued its depreciating trend against the dollar on Wednesday, to close at a record low of 49.30. The currency fell by 30 paise against the greenback after intervention by the Reserve Bank of India ensured that the rupee did not ...

SHORT TERM INSTRUMENTS: Call rate ends higher
Call rates ended higher at 6-6.10 per cent, against the previous close of 5.50-5.75 per cent. In the one-day repo auction under the first liquidity adjustment facility, there were no bids. In the one-day reverse repo auction, there were 8 bids ...

FOREX: Currency futures see higher volumes
Expectation of further fall in rupee triggers intense action. Mumbai, Oct. 22 With the rupee touching a new low on Wednesday, volumes in currency futures trading on the bourses hit new ...

FINANCIAL PERFORMANCE: Higher interest buoys YES Bank net by 41%
Mumbai, Oct. 22 YES Bank’s net profit grew by 40.5 per cent to Rs 63.6 crore for the quarter ended September 30, aided by the substantial rise in net ...

CREDIT MARKET: Borrowing cost to come down: BoI
Mumbai, Oct. 22 Mr T.S. Narayanasami, Chairman and Managing Director, Bank of India, said the bank’s borrowing cost is expected to come down in the second half of the fiscal due to the infusion of ...

CREDIT RATING: Karur Vysya, ICRA sign pact
Coimbatore, Oct. 22 Karur Vysya Bank has inked an agreement with the rating agency ICRA. As per the agreement, ICRA will assign ratings to the bank’s loans and other exposures as per the Reserve Bank of India’s new capital ...