Business Daily from THE HINDU group of publications
Friday, March 20, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, March 20, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FOREX: Rupee gains sharply as $ slides on Fed debt buyback plan US central bank opens tap to purchase $1.25 trillion securities. Mumbai, March 19 The rupee staged a sharp recovery against the dollar on Thursday, appreciating by around 92 paise, riding on the greenback’s weakness in the overseas ... RBI & OTHER CENTRAL BANKS: RBI wins important battle on regulation UK’s FSA endorses ‘rules-based’ approach. New Delhi, March 19 The Reserve Bank of India has won an important intellectual battle over how to regulate the financial sector. It did not want principles-based regulation in India ... FINANCIAL MARKETS: Economies! Be glad if you don’t catch his eye! Chennai, March 19 If you know which country Rob Carnell, ING’s Chief International Economist, is looking at, there is a good chance that you can predict an economic recession or collapse in that country! Carnell says he has a pretty ... CONSUMER FINANCE: Govt issues draft guidelines for auto loan disbursals Strict norms to be followed for hiring recovery agents. Bangalore, March 19 The Department of Banking, Ministry of Finance, has come out with draft guidelines for banks on disbursing auto loans, which includes terms for repossession ... INSIGHT: Bring back credit guarantee “How to make the bankers lend?” seems to be the daunting question throughout the world for governments and central bankers. The bankers, being trustees of public money, are bound to be risk-averse and would like to be careful ... FINANCIAL MARKETS: US economy: Strong revival signs Stripped of the interest rate weapon after rates were cut to zero, the Fed is not found wanting. At its Wednesday meeting, it announced an expanded support progeamme for Treasuries, mortgage-backed securities and agency debt, i.e., debt issued ... GOVT BONDS: Bond prices lower ahead of auction Bond prices on the 10-year benchmark were lower by about 15 paise, ahead of the Rs 10,000 crore Government securities auction. But prices in the short term bonds rallied due to the buyback of the papers by RBI in the Open Market Operations, ... SHORT TERM INSTRUMENTS: Call rate inches up The inter-bank call rate inched upwards to close at 4.70-4.90 per cent, against the previous close of at 4.25-4.40 per cent. In the first liquidity adjustment facility (LAF), there were no bids in the repo and the reverse repo auction. Under ... GENERAL INSURANCE: Bharti AXA begins Kerala operations Kochi, March 19 Bharti AXA General Insurance Company Ltd has announced the launch of its business operations in Kerala by opening its first office in ...
GENERAL INSURANCE:
NIC may fall short of premium collection target
PUBLIC SECTOR BANKS:
United Bank signs pact with IIM-A Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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