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MONEY & BANKING
TAXATION:
Advance tax payouts by banks increase
New Delhi, March 23 State-owned banks may have clearly bucked the slowdown in the economy, but the private and foreign banks are not ...
TAXATION:
Banks get service tax relief on deposit insurance premium
Revenue authorities save banks from paying huge sum. Mumbai, March 23 Revenue authorities have done banks a good turn towards the close of the financial ...
GOVT BONDS:
Bonds slip on RBI auction move
Bond prices fell on Monday, after the Reserve Bank of India announced the auction of Rs 12,000 crore of Government securities. The RBI had rejected all the bids it received for the auction of Rs 12,000 crore of Government securities on March 13. ...
FOREX:
Rupee gains in choppy trading
The rupee appreciated by 25 paise against the dollar in choppy trade on Monday. The domestic currency opened at 50.52 and touched an intra-day low of 50.65. It recovered to close at 50.45, against Friday’s close of 50.70. The rupee opened ...
SHORT TERM INSTRUMENTS:
Call rate ends higher
Inter-bank call rate closed higher at 4-4.20 per cent, against the previous close of 3.75-3.85 per cent. In the first liquidity adjustment facility (LAF), there were no bids in the repo auction. In the reverse repo auction, there were two bids ...
FINANCIAL SERVICES:
RBI to expand cheque truncation system
Mumbai, March 23 Following the success of the pilot cheque truncation system (CTS) project in the National Capital Region, the Reserve Bank of India is planning to expand the same to other centres in the country ...
OVERSEAS BORROWINGS:
Srei Infra plans to raise $100 m thru ECB
Kolkata, March 23 Srei Infrastructure Finance Ltd has signed a letter of intent with the Netherlands-based FMO for external commercial borrowing of $100 million in order to step up its infrastructure project finance and equipment ...
TECHNOLOGY:
Venture Info set for pilot rural project
Coimbatore, March 23 Transaction processing and knowledge management company Venture Infotek is all set to enter the rural market with its ‘Venture Grama’ solution to facilitate banking services to ...
ALLIANCES & JOINT VENTURES:
SHARE Microfin inks pact with YES Bank
Hyderabad, March 23 SHARE Microfin Ltd has entered into a rated loan assignment transaction of Rs 49.34 crore with ...
PUBLIC SECTOR BANKS:
PNB’s credit growth may slow down next fiscal
Mumbai, March 23 Punjab National Bank’s credit growth is likely to slow down to 20 per cent for the next fiscal, according to Dr K.C. Chakrabarty, Chairman and Managing Director, Punjab National ...
EVENTS:
ATM security concerns highlighted
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LIFE INSURANCE:
Aegon Religare target
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FOREIGN BANKS:
ABN Amro appointment
ABN Amro Bank has appointed Mr Madan Menon as its interim Country Executive for India. Mr Menon will look after the Indian operations from March 21 to May 15. Ms Meera Sanyal, the bank’s Country Executive, has taken leave of absence to ...
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