The Hindu Business Line : Saturday, September 05, 2009

MONEY & BANKING

LIFE INSURANCE: LIC clocks 60% growth in fresh biz premiums in July
Private players 11% in negative. Mumbai, Sept. 4 Are private sector life insurance companies losing steam in garnering new business vis-a-vis their State-owned rival? The insurance regulator’s data seem to suggest ...

CREDIT MARKET: IIFCL to disburse Rs 11,000 cr this fiscal
Appoints consultant to frame bond market policy. Kolkata, Sept. 4 India Infrastructure Finance Company Ltd (IIFCL) has set for the current fiscal a disbursement target of about Rs 11,000 crore, according to its Chairman, Mr ...

FOREX: Rupee gains marginally
The rupee appreciated marginally against the dollar on Friday, tracking the domestic equity indices.The rupee opened at 48.94 and strengthened to touch an intra-day high of 48.81. It ended trade at 48.89, against the previous close of ...

DIVIDEND ANNOUNCEMENT: ING Vysya shareholders okay dividend
ING Vysya Bank Ltd has informed the Bombay Stock Exchange that the shareholders at the bank’s annual general meeting held on Friday have approved a 20 per cent dividend for the financial year ended March 31, 2009. A bank press release ...

SHORT TERM INSTRUMENTS: Call rate unchanged
The inter-bank call rate remained unchanged at 3.20-3.30 per cent. Under the Liquidity Adjustment Facility (LAF) conducted by the Reserve Bank of India, there were no bids in the three-day repo auction. In the reverse repo auction, there were ...

NON-PERFORMING ASSETS: KVB engineers loan repayment solution for troubled borrowers
Coimbatore, Sept. 4 Bankers are known to shut the umbrella just when it begins to rain. But KVB recently proved that this perception can ...

CORPORATE BONDS: BoM to raise Rs 300 cr via bonds
Kolkata, Sept. 4 Bank of Maharashtra plans to raise before October Rs 300 crore via tier-I and tier-II bonds to bolster its capital adequacy ratio and fund growth requirements, its Executive Director, Mr M.G. Sanghvi, ...

CREDIT MARKET: Vijaya Bank sees higher credit demand from farm sector
Kolkata, Sept. 4 Vijaya Bank anticipates 20-22 per cent growth in credit and 18 per cent rise in deposits in 2009-10, according to its Chairman and Managing Director, Mr ...

NBFCS: No plan yet to extend securitisation law to NBFCs
New Delhi, Sept 4 The Government is not looking to bring non banking finance companies (NBFCs) within the ambit of the Sarfaesi (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests) law, a senior ...

DEBT MARKET: SEBI cuts FII limit in gilts to Rs 800 cr
Mumbai, Sept. 4 SEBI on Friday said allocation of Government debt limits for foreign institutional investors through open bidding process has been scheduled for September 8 on ...

FOREX: Forex reserves rise to $276.3 billion
Mumbai, Sept.4 Foreign exchange reserves rose $4.4 billion to $276.3 billion for the week ended August 28, according to figures released in the Reserve Bank of India’s weekly ...

FINANCIAL SERVICES: Nomura receives nod for PD business
Mumbai, Sept. 4 Nomura Fixed Income Securities Pvt Ltd (NFIS) has received the Reserve Bank of India’s approval to undertake primary dealership (PD) business in Government securities with effect from ...