Business Daily from THE HINDU group of publications
Saturday, July 18, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, July 18, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING MONETARY POLICY: RBI to ensure benign, stable rate regime: Chakrabarty Credit growth targets may be revised as banks report lower offtake. Mumbai, July 17 The Reserve Bank of India’s stance in the upcoming first quarter review of the Monetary Policy on July 28 would be to ensure a benign interest rate regime. ... FOREX: Rupee weakens on dollar buying The rupee continued to be under pressure on dollar demand by importers and oil companies. Month-end demand and strengthening of the dollar in the overseas market saw the rupee weakening marginally by about 7 paise. It opened at 48.68 and closed ... SHORT TERM INSTRUMENTS: Call rate ends at 3.25-3.30% The inter-bank call rate closed at 3.25-3.30 per cent, against the previous close of 3.20-3.30 per cent. Under the first Liquidity Adjustment Facility (LAF) conducted by the Reserve Bank of India, there were no bids in the three-day repo auction. ... GOVT BONDS: Bond prices continue to fall Bond prices fell on Friday as the sentiments continued to be negative after the announcement of the borrowing programme by the government. There is no fillip for the prices to increase, said a dealer with a private bank. The markets are ... GENERAL INSURANCE: TPAs must be provided with adequate working capital: Panel Hyderabad, July 17 The Third Party Administrators (TPAs) should be provided with adequate working capital, according to a panel set up by the Insurance Regulatory and Development Authority (IRDA) to evaluate the performance ... CREDIT CARDS & DEBIT CARDS: Failed ATM transactions: Banks told to reimburse customers within 12 days Mumbai, July 17 The Reserve Bank of India on Friday warned banks that they will have to pay customers at the rate of Rs 100 each day if they fail to reimburse them the amount wrongfully debited due to failed ATM transactions, within a ... NON-PERFORMING ASSETS: Vijaya Bank may seek RBI nod to set off NPAs against surplus provisions Chennai, July 17 With two accounts adding up to Rs 330 crore becoming non-performing in the current quarter, Vijaya Bank may seek the permission of the Reserve Bank of India to set off the NPAs against the ‘floating provisions’ ... FINANCIAL POLICY: Govt still considering removal of bank voting right cap New Delhi, July 17 The Centre has provided a ray of hope for those who favour aligning voting rights in banks with equity holdings. The new UPA Government may again introduce a Bill that had lapsed due to the completion of the term of 14th ... FOREX: Forex reserves fall by $560 m Mumbai, July 17 Forex reserves fell by $560 million to touch $263.917 billion for the week ended July 10, according to the latest figures from the Reserve Bank of India. The moderate fall in reserves is mainly on account of currency ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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