The Hindu Business Line : Tuesday, February 17, 2009

MONEY & BANKING

CONSUMER FINANCE: Govt likely to ease auto loan exposure norms
SIAM, bankers discuss guidelines with officials. Bangalore, Feb. 16 Worried by the sharp decline in the growth of the auto sector, the Department of Banking is expected to come out with a set of guidelines soon making it easier for banks and ...

GOVT BONDS: Interest payment on Govt subsidy bonds set to soar
Bangalore, Feb. 16 Interest payment on Government subsidy bonds is expected to rise by 70 per cent for the next ...

BUDGET: ‘Liquidity has to be at stable levels’
The interim Budget recognises the need for an expansionary fiscal policy to support the nation’s growth momentum in the challenging global environment. While most policy announcements have been deferred to the actual Budget, a clear ...

FOREX: Rupee slips 16 paise
The rupee depreciated by around 16 paise against the dollar on Monday, after the interim Budget failed to live up to the market expectations and fuelled concerns about the rising fiscal deficit. The domestic currency opened at 48.74 and gained ...

SHORT TERM INSTRUMENTS: Call rates end lower
The inter-bank call rate closed lower at 4-4.15 per cent, against the previous close of 4.10-4.25 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the reverse repo auction, ...

CREDIT MARKET: Lending rates for infrastructure projects may come down
IIFCL to refinance 60% of bank loans for public-private projects. Mumbai, Feb. 16 Banks may get more headroom to lend to infrastructure projects as the UPA Government, in its interim Budget, has indicated that India Infrastructure Finance ...

GENERAL INSURANCE: Tata Motors ties up with 3 insurers to cover vehicles
Tata Motors has tied up with United India Insurance, National Insurance Company and Royal Sundaram Insurance for extending motor insurance cover to its customers through a ...

BUDGET: Bond prices fall on Govt move to borrow more
Mumbai, Feb. 16 Bond prices fell by Rs 1.8 on Monday, after the announcement that the Government will borrow more next ...

CREDIT MARKET: IOB to provide cash credit against jewellery for small biz
Chennai, Feb. 16 Indian Overseas Bank expects to garner about Rs 100 crore from its new product — Commercial Cash Credit against Jewellery — in a ...