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MONEY & BANKING
CREDIT MARKET:
Bank credit rises by Rs 7,000 cr
Bank credit for the fortnight ended November 20 increased by Rs 7,056.63 crore to Rs 28,98,769.90, according to the latest statement of position of commercial banks from the Reserve Bank ...
GOVT BONDS:
States' borrowing costs fall as banks chase govt paper
Low credit offtake, rising liquidity on surge in deposit inflows. Faced with sluggish growth in loan disbursals, banks are now chasing State Government securities. This has resulted in a fall in States' ...
GOVT BONDS:
Bonds recover on bargain buying
Bond prices fell for most part of the day due to a huge sell-off but recovered towards the end of trade on Wednesday, said dealers. Prices fell on account of rising US treasury yields and expectation of an increase in domestic interest ...
FOREX:
Rupee ends flat tracking Sensex
The rupee opened higher as other global currencies were positive against the dollar. But it gave up the gains and closed two paise lower from the previous close, due to sustained buying by importers. There was no clear direction from the ...
PUBLIC SECTOR BANKS:
Central Bank's new RD scheme
Central Bank of India has introduced a recurring deposit (RD) scheme with personal accident insurance cover from December 1. Personal accident insurance cover will be available to the extent of double the maturity value of the RD account. ...
MARKETING RESEARCH:
CIBIL offers 'market insight'
Credit Information Bureau (India) Ltd today launched ‘CIBIL Market Insights', a product that provides its member banks a comparison of their performance with that of the industry, according to the segment, portfolio or region. CIBIL ...
SHORT TERM INSTRUMENTS:
Call rates stay unchanged
The inter-bank call rate ended at 3.20-3.30 per cent, against the previous close of 3.25-3.30 per cent. Under the liquidity adjustment facility conducted by the Reserve Bank of India, there were no bids in the one-day repo auction. In the ...
INSIGHT:
Should banking be made boring?
Banks have been at the heart of the global financial crisis and bankers are widely seen as being responsible for the crisis. Quite understandably, there is a deluge of ideas and suggestions on reforming banks, banking and bankers. One of the ...
MUTUAL FUNDS:
SBI Pension Fund can manage staff corpus
SBI Pension Fund has received permission from the Pension Fund Regulatory and Development Authority (PFRDA) to manage the pension money of State Bank of ...
FIXED DEPOSITS:
All-India co-op expo begins
The 10-day All-India Cooperative Expo that began here on Monday aims to highlight achievements of the cooperative movement in the State as well as analyse the challenges ...
RURAL DEVELOPMENT:
PNB to cover 1 lakh villages by 2013
In its efforts to provide banking facilities in un-banked areas in the country, the public sector Punjab National Bank (PNB) is targeting to cover 1 lakh villages by 2013 under ‘Project Namaskar', which will extend banking services to ...
CORPORATE BONDS:
Funds raised via debt issues up 25% in H1
The April-September quarter saw Rs 83,961 crore being raised through bonds on private placement basis, by a total of 108 institutions and corporates. This is higher by 25 per cent from Rs 67,108 crore raised in the same period last year, said ...
CONSUMER FINANCE:
GM India in vehicle loan tie-up with Oriental Bank
General Motors India said on Monday that it has tied up with Oriental Bank of Commerce (OBC) for financing the automaker's vehicles at both wholesale and ...
DERIVATIVES MARKETS:
CCIL offers fail-safe forex forward trades
CCIL today launched a product offering guarantee for forex forward trades from trade date. This marks CCIL's entry into clearing and settlement of ...
RBI & OTHER CENTRAL BANKS:
World Bank inputs sought for mega highway projects
The Road Transport and Highways Ministry would like to consult World Bank for technical, financial and legal inputs for the identified mega highway projects of the National Highways Authority of India and the ...
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