Business Daily from THE HINDU group of publications
Thursday, September 03, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, September 03, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING CREDIT MARKET: Bankers wary of collateral-free education loan scheme Repayments seen affected by economic slowdown, slump in job markets. Mumbai, Sept. 2 Collateral-free education loans given by banks under the ‘model education loan scheme for students to pursue higher studies’ has bankers a bit ... FOREX: Rupee gains marginally The rupee appreciated marginally against the dollar on Wednesday after the RBI stepped in to arrest the domestic currency’s losses. It opened weak at 49.18 and touched a one-month low of 49.20. It closed at 48.96, against the previous close ... GOVT BONDS: Bond prices flat on profit-booking Bond prices opened positive because of the open market operations announced by the Reserve Bank of India yesterday. But profit booking saw yields rising and bond prices closed flat compared with the previous close, said dealers. The total ... SHORT TERM INSTRUMENTS: Call rate stable 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 (LAF) conducted by the Reserve Bank of India, there were no bids in the one-day repo auction. In ... EVENTS: Meet on infrastructure finance Mr Subhendu Moitra, Vice-President and Head, Project Advisory and Structured Finance, SBI Capital Markets Ltd, Kolkata, will speak on Thursday, on “Financing Infrastructure Projects Under PPP (Public Private Partnership) Model” at ... REGULATORY BODIES & RULINGS: DICGC settles claims worth Rs 195 cr from co-op banks Mumbai, Sept. 2 The Deposit Insurance andCredit Guarantee Corporation (DICGC) has settled depositor claims aggregating Rs 195 crore from 28 liquidated co-operative banks, mainly from Karnataka and Maharashtra, in FY2009. This is against Rs ... CREDIT MARKET: United Bank plans loan syndication cells Kolkata, Sept. 2 With an aim to boost its fee-based income, United Bank of India plans to set up loan syndication cells for its corporate clients and counselling centres for high networth individuals (HNI), according to its Executive Director, ... PUBLIC SECTOR BANKS: 4,700 SBI staff from Kerala attend communication campaign Thiruvananthapuram, Sept 2 At least 4,700 employees of State Bank of India under the Kerala Circle have participated in ‘Parivartan’, a two-day multi-level mass communication programme rolled out across the ... LIFE INSURANCE: LIC Bangalore to go digital Bangalore, Sept. 2 LIC’s Bangalore area would go totally digital soon. The public sector insurer is now going ahead with Enterprise Document Management System (EDMS) in all its offices, according to a press release. The project ... DERIVATIVES MARKETS: Interest rate futures turnover drops sharply Mumbai, Sept. 2 The turnover of interest rate futures traded on the NSE fell to Rs 113 crore on Wednesday, against Rs 267 crore recorded on Monday, the first day of ... LIFE INSURANCE: LIC first year premiums from foreign operations grow 97% Mumbai, Sept. 2 Life Insurance Corporation of India’s first year premiums from its foreign operations grew 97 per cent in the first quarter of ... RBI & OTHER CENTRAL BANKS: RBI trebles borrowing limit for PDs Mumbai, Sept. 2 The Reserve Bank of India has decided to hike the minimum net-owned funds (NOF) of standalone primary dealers by three times from Rs 50 crore to Rs 150 crore. It has also increased the limit on borrowings by the PDs from ... FIXED DEPOSITS: Canara Bank trims FCNR (B) rates Canara Bank has lowered the rate of interest on foreign currency non-resident (FCNR) (B) deposits, in US Dollar and Pound Sterling, effective from September 1, on varying maturities from one year to five years, according to a bank press ... LIFE INSURANCE: LIC Vizag reaches 25% of target ... HOUSING FINANCE: SBI's mini-home loan fair ... DERIVATIVES MARKETS: PDs can deal in interest rate futures Primary Dealers can deal in interest rate futures for both hedging and trading on their own account, but not on their client’s account, the Reserve Bank of India said in a circular issued today. PDs can transact in interest rate futures ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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