Business Daily from THE HINDU group of publications
Wednesday, January 07, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, January 07, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING OUTLOOK: ‘One country, one bank account’ may turn a reality Mumbai, Jan. 6 If you are banking with several banks, keeping track of all the accounts can prove to be cumbersome. Life would be easy if a single account number gives you access to all ... FOREX: Rupee stuck in range The rupee was in a somnolent state over the past week, restricting itself to a dull sideways range. The fact that many of the participants were away on New Year holiday could partly account for this condition in the foreign exchange ... CORPORATE BONDS: Andhra Bank plans to raise Rs 600-cr tier II capital Working on a new model for retail business. Hyderabad, Jan. 6 Andhra Bank is planning to raise about Rs 600-crore tier- II ... INSIGHT: Treasury windfall for banks Ramzan Baydan owns the Baydan Shoe Co in Istanbul, Turkey. Model 271 is just another product from his factory. Suddenly he is flooded with orders for 300,000 pairs, forcing him to hire a hundred people. The Iraqi journalist who hurled a shoe at ... CREDIT MARKET: ‘Banks reluctant to lend to realty’ Developers’ memo to RBI. Mumbai, Jan. 6 The Confederation of Real Estate Developers’ Association of India has represented to the Reserve Bank of India Governor, Dr D. Subbarao, that despite the recent steep cuts in signal rates, ... NON-PERFORMING ASSETS: SASF targeting ‘tough’ IDBI loan cases At stake NPAs worth Rs 3,770 cr. Mumbai, Jan.6 With 456 non-performing loan cases aggregating Rs 5,230 crore being successfully resolved in the last four years, the Stressed Assets Stabilisation Fund (SASF), the special purpose vehicle (SPV) ... NBFCS: Credit Suisse funds NBFC arm Mumbai, Jan. 6 Swiss investment bank Credit Suisse has brought in Rs 794 crore to India to fund its non-banking financial service ... FINANCIAL INSTITUTIONS: IFC global board okays crisis response for emerging markets New Delhi, Jan. 6 The International Finance Corporation (IFC) is likely to firm up its India strategy for the coming year (2009-10) in the next three weeks. Indications are that the strategies would be discussed and devised in the context of ... FOREX: Rupee weakens by 17 paise Mumbai, Jan. 6 The rupee depreciated by 17 paise against the dollar on Tuesday, as the greenback strengthened against other major currencies in ... RBI & OTHER CENTRAL BANKS: ISB Dean quits RBI selection panel Hyderabad, Jan. 6 Prof Mendu Rammohan Rao, Dean of Indian School of Business (ISB) and former independent director of Satyam Computer Services, has resigned from the selection committee to choose Deputy Governor for the Reserve Bank ... PRIVATE BANKS: Federal Bank, Geojit team up Kochi, Jan.6 Federal Bank on Tuesday launched its online trading product — Fed-e-Trade — in association with Geojit Financial Services as part of the bank’s efforts to provide various products and services to ... LIFE INSURANCE: AEGON pension plan New Delhi, Jan. 6 AEGON Religare Life Insurance, a recent entrant in the life insurance industry, is looking to close its first year of operations with a premium income of Rs 100 crore, its Chief Executive Officer, Mr Rajiv Jamkhedkar, has ... DEBT MARKET: Alternative growth model needed The present global economic and financial crisis has put governments and central banks squarely in the ... GOVT BONDS: Bonds fall in volatile trading Bond prices fell in a volatile market on Tuesday as banks sold to take advantage of the low yields, said dealers. Prices opened lower and moved downwards during the day. The total traded volumes on the order matching system were lower at Rs ... SHORT TERM INSTRUMENTS: Call rates a tad lower ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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