Business Daily from THE HINDU group of publications
Saturday, April 18, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, April 18, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FINANCIAL INSTITUTIONS: India upset over ADB’s decision to put off board meet Says economic issues should not be mixed with bilateral disputes. New Delhi, April 17 India has expressed its strong displeasure to the Asian Development Bank (ADB) over its decision to postpone the March 27 board meeting that was scheduled to ... FINANCIAL POLICY: RBI may put cap on reverse repo window Bid to get banks lend more to productive sectors. Mumbai, April 17 The Reserve Bank of India may curtail the quantum of surplus funds that banks can park daily at its reverse repo window in a bid to get them to lend more to the productive ... FOREIGN BANKS: ‘Rs 70 lakh cr Indian money in Swiss banks, other havens’ Mumbai, April 17 Slush money stashed away in secret Swiss bank accounts and other tax havens across the world has come into sharp focus again, with the Bharatiya Janata Party’s Prime Ministerial candidate, Mr L.K. Advani, underlining ... CREDIT MARKET: Four cos get RBI nod to set up credit bureaus Licence to be issued after submission of relevant documents. Mumbai, April 17 The Reserve Bank of India has given its in-principal approval to four entities to set up credit information companies. The companies are Credit Information Bureau ... LIFE INSURANCE: SBI Life to go slow on expansion To focus on improving efficiency, consolidation. Mumbai, April 17 SBI Life Insurance Company, the second largest private life insurer in the country, has decided to go slow on its expansion ... FINANCIAL INSTITUTIONS: Financial institutions hike stake in Maytas Infra IL&FS Financial, IFCI have significant stakes. Hyderabad, April 17 Financial institutions led by IL&FS have significantly hiked their holdings in Maytas Infra even as the promoters’ stake has come down during the fourth quarter of ... FOREX: Rupee falls tracking Sensex The rupee was overall weak and fell by 10 paise due to the intra-day losses in the equities market. The sentiment in the stock market turned negative in the last hour of trade with the Sensex closing flat, up by 75 points. On Friday, the ... CONSUMER FINANCE: Corp Bank pact with TVS Motors Corporation Bank has signed a memorandum of understanding with TVS Motor Company for financing ‘TVS King’ (passenger auto-rickshaw). A bank release said here on Friday, that under the agreement, customers will have to pay 15 per cent ... GOVT BONDS: Bond prices up, await RBI cues Bond prices rose marginally on Friday, as the markets awaited the credit policy to be announced by the Reserve Bank on April 21. Even though the auction was as per market expectations, the prices did not rise after the results were announced by ... FIXED DEPOSITS: LVB cuts deposit rates Lakshmi Vilas Bank has slashed its domestic deposit rates by 50-100 basis points, with effect from Friday. The bank, while keeping the rates unchanged for deposits beyond 91 days, decided to reduce the rate to 4.50 per cent from 5 per cent ... INFORMATION TECHNOLOGY: Co-op banks turn to technology Strike deal with IBM to host, manage IT infrastructure. Coimbatore, April 17 At a time when cooperative banks in the country are struggling to remain afloat, a few such as the Madhav Nagrik Sahakari Bank at Sirohi in Rajasthan, Pune-based ... PRIVATE BANKS: Kotak Mahindra Bank objects to Subhiksha merger Chennai, April 17 Kotak Mahindra Bank today filed an objection to the proposed Subhiksha-Blue Green merger in the Madras High Court, and hearing on this is adjourned to April ... FOREIGN BANKS: ‘Fix regulations for funding eco-unfriendly projects’ New Delhi, April 17 HSBC India country head Ms Naina Lal Kidwai has sought regulations for banks on funding projects that may not be environmentally ... FOREX: Forex reserves decline by over $2 billion Mumbai, April 17 The country’s forex reserves declined by $2.183 billion to touch $252.977 billion during the week ended April 10, according to the Reserve Bank of India’s Weekly ... SHORT TERM INSTRUMENTS: Call rates steady The inter-bank call rate ended at 3.50-3.55 per cent, against the previous close of 3.50-3.60 per cent. In the first liquidity adjustment facility (LAF), there were no bids in the three-day repo auction. In the reverse repo auction, there were ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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