The Hindu Business Line : Saturday, November 22, 2008

MONEY & BANKING

CREDIT MARKET: Banks prefer G-Secs, parking with RBI to corporate lending
Chennai, Nov. 21 After all the liquidity enhancement measures that have been announced over the past month, you would have thought money would be pouring out of every tap and corporates would be rolling in ...

GENERAL INSURANCE: Market yet to evolve for high-end health covers
Chennai, Nov. 21 With rising health care costs, are there takers for high-value health insurance ...

NON-PERFORMING ASSETS: SBI Adalats for loan recovery
Offer borrowers spot settlement to clear retail loans less than Rs 5 lakh. Mumbai, Nov. 21 State Bank of India, India’s biggest commercial bank, has hit the road, literally, to recover stressed retail loans not exceeding Rs 5 ...

FOREX: Rupee tad higher
The rupee gained about 17 paise against the dollar on Friday due to selling of dollars by foreign banks as they unwound their long positions. Dollar selling by the central bank was only to a limited extent, said forex dealers. The currency opened ...

PRIVATE BANKS: SME lending: ICICI Bank ‘cautious’
Hyderabad, Nov. 21 ICICI Bank will be ‘cautious’ in its lending to small and medium enterprises in view of the likely impact of economic slowdown on their ...

FOREX: Forex reserves fall by over $5 b
Mumbai, Nov. 21 The foreign currency reserves declined by $5.015 billion to touch $246.349 billion for the week ended November 14, 2008, according to the Reserve Bank of India’s latest Weekly Statistical ...

CREDIT MARKET: Credit Info cos can have 49% FDI
Foreign companies can invest up to 49 per cent in Credit Information Bureau under the Foreign Direct Investment (FDI) route, provided they fulfil certain conditions, said the Reserve Bank of India.In a notice, the RBI said the ...

PRIVATE BANKS: HDFC Bank counters for soiled notes
HDFC Bank has opened special counters for exchange of soiled and mutilated notes and coin distribution in its branches at Panjagutta, SD Road, Karkhana, St Marys (Secunderabad) and Malkajgiri. Public can avail themselves of the facility at ...