Business Daily from THE HINDU group of publications
Tuesday, January 20, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, January 20, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING GOVT BONDS: FIIs now turn to bonds Debt instruments attract Rs 2,155 cr in first 11 trading sessions of 2009. Mumbai, Jan. 19 If the investment pattern of the first 11 trading sessions in the new calendar year is anything to go by, Foreign Institutional Investors (FIIs) appear to ... CREDIT MARKET: Savings bank deposit rates under review RBI concerned over banks’ reluctance to step up lending. Bangalore, Jan. 19 Savings bank deposit rates are under review as the Reserve Bank of India has begun looking for means to further reduce policy ... FINANCIAL MARKETS: Don’t blame accounting for financial mess: IASB chief Financial crisis advisory group to meet today in London. The International Accounting Standards Board (IASB) does not want ‘accounting’ to be blamed for the global financial crisis. Accounting is somewhere at the bottom of the list ... NEW PRODUCTS & SERVICES: Jeevan Aastha mop-up much below target Mumbai, Jan. 19 The country’s biggest life insurer, Life Insurance Corporation of India, has collected around Rs 4,000 crore through the sale of its policy Jeevan Aastha, substantially lower than its targeted collection. The corporation ... FINANCIAL PERFORMANCE: Allahabad Bank Q3 net flat on higher provisioning Sheds high-cost deposits worth Rs 6,000 cr; marginal rise in net NPAs. Kolkata, Jan. 19 Allahabad Bank has posted an almost flat growth in net profit at Rs 369 crore for the third quarter ended December 31, 2008, against Rs 365 crore during the ... FINANCIAL SERVICES: Reyvish Associates to set up subsidiary in TN Focus on banks dealing with liquid assets. Coimbatore, Jan. 19 Recovery management services company Reyvish Associates has proposed to set up a subsidiary company, Reyvish Asset Reconstruction Company (ARC), in ... NBFCS: Lending rate cut by 75 bps ... FOREX: Rupee up 15 paise The rupee weakened against the dollar during intra-day trade, but ended higher on Monday than Friday’s close. The rupee opened stronger at 48.60 and ended at 48.65, 15 paise higher than the previous close of 48.80. The rupee moved in a ... GOVT BONDS: Bonds flat ... SHORT TERM INSTRUMENTS: Call rates end steady The inter-bank call rates closed at 4.30-4.40 per cent, against the previous close of 4.30-4.35 per cent. In the one-day repo auction under the first and second liquidity adjustment facility (LAF) auctions, there were no bids. In the reverse ... GENERAL INSURANCE: Chola MS General premium income ... NBFCS: Arman Financial ventures into micro financing Ahmedabad, Jan.19 Non-Banking Financial Corporation Arman Financial Services Ltd is venturing into micro finance for women ... INSIGHT: NBFCs’ tale of woes The intention to set up a special purpose vehicle (SPV) under India Infrastructure Finance Company Ltd (IFCL) and arming the SPV with a corpus of Rs 25,000 crore to be used to fund non-banking finance companies (NBFCs) makes two basic ... FINANCIAL PERFORMANCE: SBT net up 215% in Q3 Thiruvananthapuram, Jan. 19 The net profit of State Bank of Travancore (SBT) rose by 215 per cent during the third quarter ended December 31, 2008, compared with the same quarter in the ...
FINANCIAL PERFORMANCE:
State Bank of Mysore net rises 157% on treasury gains Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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