The Hindu Business Line : Thursday, January 08, 2009

MONEY & BANKING

LIFE INSURANCE: LIC has no plans to sell Satyam stake now
To play positive role to help software co and its employees. Mumbai, Jan. 7 Domestic institutional investors in Satyam Computers Services such as LIC and ICICI Prudential Life have said that they will evaluate various options and take a ...

INTERVIEW: ‘Banks have to spot, tap opportunities in crisis’
Allahabad Bank to start retail sale of gold coins, focus on remittance products. Kolkata, Jan. 7 The challenge of an economic downturn and a slowdown in credit offtake immediately after assuming the top job at Allahabad Bank has not deterred the ...

RBI & OTHER CENTRAL BANKS: Hospitals, hotels of owner-users not commercial
RBI modifies classification. Mumbai, Jan. 7 Entrepreneurs availing loans for construction of hotels and hospitals to run these ventures themselves may be able to get them at cheaper interest rates as the Reserve Bank of India (RBI), in its draft ...

CREDIT MARKET: Marginal exposure, say Satyam bankers
Hyderabad, Jan. 7 Even as official bankers to the beleaguered Satyam Computer Services are busy checking their books for exposure, the other are relieved that they did not have anything to do ...

HOUSING FINANCE: BoI home loan plan for new borrowers
Coimbatore, Jan. 7 Bank of India has launched a special package — ‘Star Home Loan Scheme’ — applicable only to new borrowers of home loans. The package was launched in mid-December and would be open for six months up ...

FIXED DEPOSITS: PSBs account for major chunk of deposits, credit
Mumbai, Jan. 7 Nationalised Banks as a group accounted for the largest share of both aggregate bank deposits and gross bank credit, according to the latest figures released by the Reserve Bank ...

GOVT BONDS: Bond prices fall sharply
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FOREX: Rupee ends flat
The rupee closed flat against the dollar on Wednesday, losing most of its intra-day gains due to the Satyam fiasco. The currency opened at 48.44/50 and gained to touch an intra-day high of 48.36. It then depreciated to touch an intra-day low ...

SHORT TERM INSTRUMENTS: Call rates a tad higher
In second auction, the RBI received and accepted 18 bids for Rs 40,650 crore. ...

HOUSING FINANCE: ICICI Home Utsav tomorrow
ICICI Home Finance is organising a three-day Home Utsav starting January 9 to be held at Rotary Sadan, near Rabindra Sadan, Kolkata, according to a press statement issued by the bank. The exhibition will offer the best deals on both homes and ...

HOUSING FINANCE: Dewan Housing cuts rates
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