The Hindu Business Line : Wednesday, April 08, 2009

MONEY & BANKING

NBFCS: Infrastructure financing: NBFCs for enlarging global lenders’ pool
Seek to include reputed banks, bilateral financial institutions. Mumbai, April 7 Non-banking finance companies, dedicated to financing infrastructure projects, have moved the Reserve Bank of India to enlarge the pool of global lenders from whom ...

TECHNICAL ANALYSIS: Rupee at key resistance
The rupee soared above 50 against the dollar as strength in equity markets led to expectation of accelerated foreign institutional investor (FII) inflows. But the data released by the Securities and Exchanges Board of India does not support ...

RBI & OTHER CENTRAL BANKS: ADB expands trade finance facilitation programme to $1 b
Maximum maturity permitted under the scheme raised to 3 years. New Delhi, April 7 With trade finance drying up due to the worst global economic downturn, the Asian Development Bank (ADB) has come to the rescue of exporters in developing ...

OVERSEAS INVESTMENTS: PNB’s second branch in Hong Kong
Punjab National Bank (PNB) has opened its second branch in Hong Kong. The new branch is in the Kowloon area and will focus on retail banking operations. The formal inaugural function was presided over by the PNB Chairman and Managing Director, ...

PEOPLE: Reliance Consumer Finance CEO
Reliance Consumer Finance Ltd , part of the Reliance Anil Dhirubhai Ambani Group, announced that Mr K.V. Srinivasan has been elevated as the Chief Executive Officer of the company. Prior to this announcement, Mr Srinivasan was Deputy Chief ...

GENERAL INSURANCE: Public sector general insurers move to revamp TPA system
May shortlist consultants soon. Bangalore, April 7 Peeved over the inability to cut underwriting losses in the health portfolio, public sector general insurers have initiated moves to revamp the Third Party Administration ...

MERGERS & ACQUISITIONS: IOB eyes Rs 10,000 cr biz from Pune with Suvarna Bank in fold
Pune, April 7 The Indian Overseas Bank is targeting a business of Rs 10,000 crore from Pune alone during the current fiscal with the acquisition of the assets and liabilities of the Pune-based Shree Suvarna Sahakari Bank ...

FINANCIAL INSTITUTIONS: Time to look for acquisitions abroad: Exim Bank Chairman
Madurai, April 7 The current global meltdown is an opportune time for the Indian corporate sector to go for acquisitions abroad, said Mr T.C. Venkat Subramanian, Chairman and Managing Director, Export-Import (EXIM) ...

NON-PERFORMING ASSETS: ‘More time needed for corporate debt recast package implementation’
Coimbatore, April 7 Industry insiders feel that in view of the global meltdown and the staggered effect on the Indian economy, the one-time measure of Special Regulatory Treatment in relation to standard accounts should be extended for the ...

PEOPLE: American Express appoints new V-P
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