The Hindu Business Line : Friday, February 20, 2009

MONEY & BANKING

MANPOWER: Public sector general insurers working on Golden Gate VRS
To provide exit route for officers above 50 years. Bangalore, Feb. 19 Public sector general insurers have begun working on fresh proposals for shedding ...

FOREX: Rupee gains on dollar selling
The rupee strengthened on dollar selling by corporates and some banks. The domestic currency opened at 49.90 and touched a high of 49.96. It closed at 49.62, against the previous close of 49.70. A forex dealer with a private bank said that these ...

CORPORATE BONDS: Bond prices fall
Bond prices fell on Thursday, after the cut-off yields announced by the Reserve Bank of India at the buyback auction was higher than expected. Also, the central bank did not buyback the 7.40 per cent-2035 paper, which dampened market ...

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

HOUSING FINANCE: India Infoline to disburse loans
India Infoline has received approval from the National Housing Bank to disburse housing loans through its housing finance subsidiary India Infoline Housing Finance Ltd. The company will start disbursing loans within the next one month, a ...

LIFE INSURANCE: Tata AIG 's new product
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CORPORATE BONDS: IIFCL unveils second tranche of tax-free bonds
New Delhi, Feb. 19 India Infrastructure Finance Company Ltd (IIFCL) has launched the second tranche of its tax-free bonds, aiming to mobilise Rs 2,370 crore through the private ...

FIXED DEPOSITS: Karnataka Vikas Bank mops up Rs 100-cr deposits in 15 days
Mangalore, Feb. 19 It is often said that lending a personal touch to interactions with customers plays an important role in any sector. This point was once again proved, going by the experience of Dharwad-headquartered Karnataka Vikas ...

GOVT BONDS: Moody’s arm expects RBI to cut rates next week
Global ratings agency Moody’s subsidiary Moody’s Economy.com on Thursday said the Reserve Bank of India is likely to cut interest rates next week. Given India’s weak fiscal position, the pressure is now on the central bank ...

PUBLIC SECTOR BANKS: Capital infusion in United Bank likely
Kolkata, Feb. 19 United Bank of India might be the next in line after UCO Bank, Vijaya Bank and Central Bank to get capital infusion from the Government under the recapitalisation scheme.The bank might be infused with Rs 250-300 crore ...

SECURITISATION: SKS Microfinance, ICICI Bank in Rs 200-cr securitisation deal
Hyderabad, Feb. 19 SKS Microfinance and ICICI Bank have completed a securitisation deal worth Rs 200 crore, which allows the bank to purchase loans extended to ...

PRIVATE BANKS: ‘Indian banking system is strong’
Mangalore, Feb. 19 The prudential norms adopted by the Indian banking system and the better regulatory framework in the country have helped the banking system remain stronger even during the global slowdown, according to Mr ...

TRADE & LABOUR UNIONS: RBI employees to go on mass casual leave today
Mumbai, Feb. 19 The United Forum of Reserve Bank of India Officers and Employees will observe a mass casual leave on February 20 to protest the reduction of pension for ...

CREDIT MARKET: Banks with exposure to Maytas form monitoring panel
Hyderabad, Feb. 19 Banks, both public sector and private, with exposure to the Maytas twins have reportedly formed a ‘core committee of bankers’ to monitor the developments in the crisis-hit ...