|
|
MONEY & BANKING
GENERAL INSURANCE:
IRDA moots health insurance for non-hospital expenses
Insurance companies must bring out health products based on the expenditure incurred by patients apart from the hospitalisation charges, said Mr J. Hari Narayan, Chairman, Insurance Regulatory and Development ...
OVERSEAS BORROWINGS:
SIDBI to raise $1 billion from global lenders
To provide refinance to banks against lending to small units. Mumbai, July 10 The Small Industries Development Bank of India (SIDBI) plans to marshal $1 billion from multilateral financial institutions such as KfW (Germany), French Agency for ...
FOREX:
Forex reserves fall $107 million
Mumbai, July 10 The country’s foreign exchange reserves fell by $107 million to $264.477 billion for the week ended July 3, according to figures in the Reserve Bank of India’s weekly ...
FOREX:
Rupee slips 30 paise against dollar
The rupee depreciated by 30 paise against the dollar on Friday, to close above the 49-level mark, tracking the sharp fall in the domestic equity indices. The domestic currency opened at 48.65 and strengthened to touch an intra-day high of 48.55. ...
GOVT BONDS:
Bond prices weak on auction fears
Bond prices continued to remain weak on fears of additional supply of government papers. The RBI also announced an auction of Rs 12,000 crore to be held on July 17. The market had expected an auction of Rs 15,000 crore. The market will continue ...
CONSUMER FINANCE:
Bank of Rajasthan, M&M tie up
Bank of Rajasthan has tied up with Mahindra & Mahindra for offering tractor and farm equipment loans. Under the agreement, tractor loans up to Rs 10 lakh will be available at 11 per cent and loans above Rs 10 lakh will be available at 11.5 ...
FINANCIAL INSTITUTIONS:
5 proposals for overseas buys
Export Import Bank of India has received five proposals from Indian companies looking for overseas acquisitions in the current fiscal. In 2007-08, there were more than 40 proposals of acquisitions by companies. This declined to 16 in 2008-09. ...
SHORT TERM INSTRUMENTS:
Call rate unchanged
The inter-bank call rate closed at 3.20-3.30 per cent, same as the previous day’s close. Under the Liquidity Adjustment Facility conducted by the Reserve Bank of India, there were no bids in the three-day repo auction. In the reverse ...
PUBLIC SECTOR BANKS:
Andhra Bank’s strategic shift to expand national footprint
Chennai, July 10 Two thirds of Andhra Bank’s 1,450-odd branches are in Andhra Pradesh, but it gets only half its business from the State. As a strategic shift in business approach, the bank had applied and secured over 120 branch ...
INTEREST RATES:
IDBI Bank sees hardening of interest rates after third quarter
Kolkata, July 10 The huge Government borrowing due to the widening fiscal deficit and the anticipated pick-up in credit demand from the corporate sector may lead to hardening of interest rates after the third quarter of 2009-10, according to ...
NRIS:
NRI deposits in banks shoot up to $1.16 b in April-May
Parking money with banks in India continues to be an attractive proposition for non-resident Indians (NRIs). Overseas Indians have cumulatively placed $1.167 billion as deposits with banks in the first two months of the current financial year ...
BUDGET:
‘Budget lacks long-term strategy for fiscal consolidation’
Thiruvananthapuram, July 10 The absence of a long-term strategy for fiscal consolidation in the Budget is conspicuous, and is disappointing, according to Mr Abheek Barua, Chief Economist, HDFC ...
DERIVATIVES MARKETS:
Banks lose Rs 3,533 cr on overseas derivative exposures
New Delhi, July 10 The Lok Sabha was on Friday informed that banks have suffered marked-to-market (MTM) losses of Rs 3,533 crore as at end May in the wake of the global financial ...
FINANCIAL MARKETS:
Economists not convinced with Govt’s clarification on OMOs
New Delhi, July 10 Monetary economists and some former RBI officials are unconvinced that Open Market Operations (OMOs), being contemplated by the Government and the RBI, will not amount to monetising ...
PRIVATE BANKS:
ICICI Bank, Ministry to hit the road for foreign funds
Mumbai, July 10 ICICI Bank will organise road shows in Asia, Europe and the US, jointly with the Union Ministry of Road Transport and Highways to attract investments for highways and ...
HUMAN RESOURCES:
SBT to hire 1,200 this year
Chennai, July 10 State Bank of Travancore expects to recruit about 1,200 employees, mostly for clerical grade, this year. The bank has about 11,500 ...
GENERAL INSURANCE:
IFFCO-Tokio opens Kozhikode branch
...
LIFE INSURANCE:
Life insurers to make e-payments
...
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
|
RSS Feeds