The Hindu Business Line : Thursday, February 19, 2009

MONEY & BANKING

SHORT TERM INSTRUMENTS: Commercial paper issuances by cos dip on economic slowdown
Kolkata, Feb. 18 The issuance of commercial papers (CP) by corporates is on the decline, falling by about 10-15 per cent on a month-on-month basis beginning ...

CREDIT MARKET: Corporate credit costs remain high despite ample liquidity
Cos turn to alternative sources for funds. Bangalore, Feb. 18 The liquidity overhang in the banking system notwithstanding, corporate credit costs continue to remain in ...

GOVT BONDS: Bond prices rise by 60 paise
Bond prices increased by around 60 paise on Wednesday, on expectations that Reserve Bank of India will buyback Government securities. The markets are expecting a good sized open market operation (OMO) auction of around Rs 8,000-9,000 crore, said ...

OVERSEAS INVESTMENTS: Corp Bank rep office in Hong Kong
The second overseas representative office of the Mangalore-based Corporation Bank was opened in Hong Kong recently. The first representative office of the bank was opened in Dubai last year. A bank release said Mr L.D. Ralte, Consul General ...

SHORT TERM INSTRUMENTS: Call rate ends flat
The inter-bank call rate closed at 4.10-4.20 per cent, against the previous close of 4-4.15 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the reverse repo auction, the RBI ...

INTEREST RATES: ‘Banks must cut rates to keep credit flowing to productive sectors’
Mumbai, Feb. 18 The demand for bank credit is slackening despite the comfortable liquidity in the system and commercial banks should cut lending and deposit rates in order to keep credit flowing to the productive sectors, the RBI Governor, Dr ...

PRIVATE BANKS: ING Vysya pays Rs 4 lakh to settle IPO case
Kolkata, Feb. 18 SEBI, through a consent order, has disposed of the pending proceedings related to alleged irregular dealings in shares through IPOs in 2003-05 against ING Vysya ...

FOREX: Living on soiled notes
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PEOPLE: Chakrabarty frontrunner for RBI Deputy Governor post
New Delhi, Feb. 18 Dr K.C. Chakrabarty, Chairman and Managing Director, Punjab National Bank, is the frontrunner for the post of Deputy Governor of the Reserve Bank of ...

CONSUMER FINANCE: Tata Motors, Central Bank in pact
Mumbai: Tata Motors has entered into an understanding with Central Bank of India for financing its range of passenger vehicles, said a release from the ...

FINANCIAL POLICY: RBI: Time for quantitative easing?
Indian inflation is declining. The RBI release of liquidity and rate cuts even ahead of the fall in inflation speaks well of its understanding of domestic and global economic and financial trends, grass roots-level price behaviour and ...