The Hindu Business Line : Tuesday, April 14, 2009

MONEY & BANKING

CREDIT RATING: Rating agencies, banks differ over loan defaults
As Basel II norms on capital adequacy for banks kick in. Mumbai, April 13 Bank loan rating, as per Basel II norms, is proving to be a bone of contention between rating agencies and banks. While credit rating agencies do not brook even a ...

INTERVIEW: ‘Profits from overseas biz will compensate for underwriting loss in domestic market’
Commission rates paid to insurance cos reduced by 5-10%: GIC Re. Mumbai, April 13 General Insurance Corporation of India (GIC Re) hopes to make good the likely underwriting losses in the domestic market by better returns from its overseas ...

GOVT BONDS: Bond prices fall on profit booking
Bond prices fell by around 30 paise on Monday, as participants sold government securities to book profits, said dealers. Bond prices had risen by more than Rs 2 in the last two trading sessions. The prices rose in the first half of trade on the ...

RBI & OTHER CENTRAL BANKS: RBI for ramps at ATMs, banks
In a move to make bank ATMs more disabled-friendly, the Reserve Bank of India has asked banks to provide ramps at ATMs and bank branches so that they can be accessed easily by the handicapped. In a notification issued on Monday , the RBI has ...

FOREX: Rupee closes below 50-mark
The rupee appreciated by 12 paise against the dollar on Monday, closing below the 50-level after more than a month. The rupee opened at 49.92 and closed at 49.88, against the previous close of 50. There was not much activity in the market and ...

SHORT TERM INSTRUMENTS: Call rate ends steady
The inter-bank call rate ended steady at 3.50-3.60 per cent. In the first liquidity adjustment facility (LAF), there were no bids in the two-day repo auction. In the reverse repo auction, there were 20 bids for Rs 41,120 crore. Under the second ...

SHORT TERM INSTRUMENTS: Syndicate Bank raises Rs 5,000 cr via CDs
Chennai, April 13 Syndicate Bank has raised over Rs 5,000 crore through certificate of ...

HOUSING FINANCE: SBI extends concessional interest rate up to Sept 30
Mumbai, April 13 State Bank of India has extended up to September 30, its scheme whereby new home and auto loan borrowers can avail themselves of loans at 8 per cent and 10 per cent respectively for a period of ...

PRIVATE BANKS: YES Bank’s structured products for MFIs
Coimbatore, April 13 YES Bank has developed a series of innovative structured transactions for microfinance institutions(MFIs) . The bank has, with the introduction of such structured financial products, created a new asset class and brought ...

PEOPLE: New ED for South Indian Bank
...

PUBLIC SECTOR BANKS: BoI Karnataka zone biz turnover
The Karnataka zone of Bank of India has done a business of Rs 7,900 crore during 2008-09. A bank release said here that aggregate deposits of the Karnataka zone stood at Rs 3,573 crore and aggregate advances at Rs 4,327 crore during 2008-09. All ...

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Markets (April 13)

Nifty (at close)	3382.60(+40.55)
US Dollar (Buy/Sell)	49.88/90
Brent crude (a bbl) Rs	2,578
Gold (a gram) Rs	1,348
Silver (a kg) Rs	21,620

Cross Currency Rates

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