Business Daily from THE HINDU group of publications
Tuesday, November 11, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, November 11, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING CREDIT MARKET: SMEs, services account for three-fourths of credit offtake No real problem with credit till August-end. New Delhi, Nov. 10 Small and medium enterprises (SMEs) and services accounted for nearly three-fourths of the incremental non-food credit provided between August 2007 and August 2008 even as ... HOUSING FINANCE: ICICI Home Finance offers 11.15% on fixed deposits Limited period offer valid up to Nov 30. Mumbai, Nov. 10 ICICI Home Finance, the housing finance arm of the largest private sector bank in the country, on Monday announced a fixed deposit scheme offering 11.15 per cent interest a year, probably ... FINANCIAL MARKETS: Strapped for cash, NBFCs ask Govt for more Sharp decline in disbursements, says Crisil. Mumbai, Nov. 10 Non-banking finance companies are facing severe shortage of funds despite the Reserve Bank of India providing a special window to banks to help NBFCs. The situation is so severe that ... INSIGHT: BoE rate-cut: Barking at the moon? In what is being hailed as an unprecedented move in more than half a century, the Bank of England on Thursday (November 6) cut interest rates by 1.5 percentage points, beating the most optimistic expectations by half a percentage point. ... INTEREST RATES: Vijaya Bank cuts PLR by 75 bps Mangalore, Nov. 10 Vijaya Bank, which reduced its benchmark prime lending rate (BPLR) by 75 basis points on Monday, is likely to reduce its deposit rates in the next 10-15 ... FOREX: Rupee gains on positive sentiment The rupee gained on positive sentiment as the domestic stock market surged. The rupee opened higher at 47.30/32 as Asian stocks were positive. Dollar selling by corporates pushed the rupee up to the day’s high of 47.17. As this was followed ... SHORT TERM INSTRUMENTS: Call rates close lower Call rates closed lower at 7.50-7.75 per cent, as against the previous close of 8.00-8.25 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were five bids for Rs 1,835 crore. There were no reverse ... GOVT BONDS: Bond prices fall Bond prices fell by 15 paise on Monday, in a lacklustre market. Total traded volumes on the order matching system stood at Rs 3,145 crore. Prices went down as investors sold securities to take profits, said a dealer with a private bank. ... DERIVATIVES MARKETS: Some relief on commodity derivative hedging deals Authorised dealer banks allowed to issue guarantees. Mumbai, Nov. 10 The Reserve Bank of India (RBI) on Monday gave some relief to domestic entities having payment obligations arising out of commodity derivative hedging transactions entered into ... FINANCIAL MARKETS: Liquidity crunch may open door for ‘Hawala’ traffic: Modi Raises issue with PM; calls for a meeting of Chief Ministers. Mumbai, Nov. 10 Due to current liquidity crunch in the global financial system, ‘dirty money’ from arms and drugs suppliers could enter into the Indian financial system. ... GOVT BONDS: RBI to repurchase Govt stocks Mumbai, Nov. 10 The Reserve Bank of India (RBI) on Monday announced that it will repurchase the ‘6.65 % Government Stock 2009’ for Rs.5,000 crore (nominal) and ‘5.87% GS 2010’ for Rs.5,000 crore ... GENERAL INSURANCE: Regulator to review TPAs’ performance Kolkata, Nov. 10 The Insurance Regulatory and Development Authority (IRDA) will soon set up a committee to review regulations on Third Party Administrator (TPA) ... FINANCIAL PERFORMANCE: Punjab & Sind Bank net up New Delhi: Punjab & Sind Bank has reported a net profit of Rs 89.87 crore on a total income of Rs 860.23 crore for the quarter ended September ... VENTURE CAPITAL: SKS gets Rs 366-cr PE funding SKS Microfinance Pvt Ltd has raised Rs 366 crore ($75 million) equity funding from Boston-based Sandstone Capital and some existing investors to invest in expansion of operations. Sandstone led the investment with $51.25 million and was joined ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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