Business Daily from THE HINDU group of publications
Saturday, November 15, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, November 15, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING EVENTS: India to push for more inclusivity in global financial system This can provide better global oversight: Chidambaram. Frankfurt Three points will be highlighted by the Prime Minister, Dr Manmohan Singh, at the Summit on Financial Markets and the World Economy, which is being held in Washington on November ... INTERVIEW: We are confident we can weather the crisis: Chidambaram Finance Minister: That depends upon where the resources would be found. If the resources can be found and channelised through the existing multilateral institutions, that would be good. But if you find resources that cannot be ... HUMAN RESOURCES: Union Bank to hire 5,000 more this fiscal Over 500 branches to be opened in 5 months. At a time when banks globally are laying off people, Union Bank of India is planning to hire 5,000 more people for manning the over 500 additional branches the bank will be opening in the next ... FINANCIAL MARKETS: State loans see good demand; govts set to gain With yields softening to 8.2%, borrowing costs to fall. Bangalore, Nov. 14 States are beginning to benefit from the chase of government securities by banks as yields have fallen sharply since the beginning of the ... GOVT BONDS: Bonds gain on lower inflation Bond prices gained as inflation figures for the week ended November 1 were substantially lower than the earlier week. The lower-than-expected cut-off yields for the auctions also helped the rally, said dealers. The cut-off yield for the ... FOREX: Rupee up 90 paise The rupee gained by about 90 paise against the dollar on Friday, as corporates and exporters sold dollars. “The appreciation in the rupee was quite substantial and unexpected,” said a forex dealer with a private bank. On Friday, ... CREDIT RATING: Banks may defer coupon payments on hybrid debt Dena, IndusInd and UCO ‘weak’: Fitch. Mumbai, Nov. 14 Credit rating agency Fitch on Friday said there is increased possibility of a few ‘weak’ banks deferring coupon payments on their hybrid instruments as the possibility ... INTEREST RATES: Corporation Bank cuts home, vehicle loan rates Mangalore, Nov. 14 Corporation Bank has reduced interest on home loans and other select schemes with effect from ... FINANCIAL POLICY: RBI relaxes norms for 7 core sector projects The Reserve Bank of India has relaxed asset classification and provisioning norms for banks in respect of seven delayed ... FINANCIAL INSTITUTIONS: IARC raises Rs 90 crore Mumbai, Nov. 14 International Asset Reconstruction Company Private Ltd (IARC) on Monday said it has raised its second round of capital aggregating Rs 90 crore from leading domestic institutions and banks as well as foreign ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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