Business Daily from THE HINDU group of publications
Wednesday, October 14, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, October 14, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INTEREST RATES: Deposit rates on the slide, touch five-year lows Bank interest wanes on heavy inflows and lack of lendable projects. Depositors are finding their income shrinking the last few months with banks slashing interest ... CREDIT MARKET: Public sector banks impose pre-payment penalties Bid to stop refinancing by corporates that impact loan books. Bangalore, Oct. 13 With corporates beginning to refinance borrowings, public sector banks have quietly begun imposing pre-payment penalties. Top public sector bankers said that some ... TECHNICAL ANALYSIS: Rupee futures to trend lower Rupee strengthened to a 52-week high of 46.2 against the dollar last Friday causing a great deal of consternation among the exporting fraternity. But as the dollar stabilised, the rupee too halted its rally to decline to 46.6 on Monday. ... FOREX: Appreciating rupee: Fool’s gold? The last few days have seen the rupee on a roll against the dollar. It breached Rs 47 in just one trading session and is nearing Rs 46. If the stock market continues its rise, there’s every possibility of the Indian currency cutting ... INTEREST RATES: Assocham chief favours lower repo, reverse repo rates Swati Piramal deplores lack of laws for research. New Delhi, Oct. 13 Dr Swati Piramal, the first woman President of the Associated Chambers of Commerce and Industry (Assocham), said on Tuesday that repo and reverse repo rates should be reduced ... FINANCIAL MARKETS: UK ranked world’s No. 1 financial centre London, Oct. 13 The UK is now the world’s leading international financial centre, according to the World Economic Forum’s Financial Development Report released ... FOREIGN BANKS: HSBC to rebuild retail assets Mumbai, Oct. 13 HSBC India is planning to rebuild its retail assets, but will re-enter in a more measured manner, said Mr Stuart Davis, Chief Executive Officer. The bank will look to grow its mortgage book quite significantly this time around, ... GENERAL INSURANCE: Future Generali bullish on growth Future Generali India Life Insurance Company, the insurance joint venture between Future Group and Italy’s Generali Group, is looking at a five-time revenue jump this fiscal to Rs 750 crore. “We are expanding our business ... PUBLIC SECTOR BANKS: Corporation Bank may seek capital infusion from Govt New Delhi, Oct. 13 Mr J.M. Garg, Chairman and Managing Director, Corporation Bank, said on Tuesday that the bank would look at capital infusion from the Government if the credit off-take grows at 25 per cent for the next ... LIFE INSURANCE: Insurance scheme for poor families this month The West Bengal Government is expected to shell out Rs 30 crore by 2010-11 to cover 30 lakh families living below poverty line under the Union Government-sponsored social security insurance scheme Aam Admi Bima Yojna. The Life ... CREDIT MARKET: SBT expects 20% credit growth in 2009-10 Thiruvananthapuram, Oct. 13 State Bank of Travancore (SBT) has recorded an overall credit growth of 13 per cent year-on-year until now and the cumulative growth should touch 20 per cent at the end of the financial ... LIFE INSURANCE: Bharti AXA ties up with AP Govt for insurance scheme Hyderabad, Oct. 13 Bharti AXA General Insurance Company Ltd on Tuesday signed a memorandum of understanding with the Andhra Pradesh Government for the implementation of Apathbandhu scheme covering all the BPL (Below the Poverty Line) ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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