Business Daily from THE HINDU group of publications
Wednesday, November 04, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, November 04, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING RBI & OTHER CENTRAL BANKS: RBI buys 200 tonnes of gold from IMF $6.7-b deal is part of forex reserves management operations. The Reserve Bank of India has purchased 200 tonnes of gold valued at Rs 31,490 crore ($6.7 billion) from the International Monetary Fund (IMF) under the latters’s limited gold ... PUBLIC SECTOR BANKS: SBI to review special home loan scheme on Nov 5 Bank posts 50% rise in average sanctions since the launch. Kolkata, Nov. 3 State Bank of India will take a call on whether or not to continue with its special home loan (SBI My Home Campaign) scheme at a meeting on November 5, according to its ... TECHNICAL ANALYSIS: Rupee decline to continue Rupee declined to a low of 47.6 against the dollar on October 29 as continuing weakness in equity market and outflow of foreign institutional funds dragged the currency lower. Month-end demand for dollars from importers was another factor ... INSIGHT: Monetary policy and fiscal consolidation The jury is out on whether the Reserve Bank of India got its inflation-growth balance right in its busy season review of Monetary Policy. However, there can be no denying that at least in the short-term the growth impulses will have to come from ... DEBT MARKET: Banks may park excess funds in short-term debt instruments RBI set to impose limits on investments in MF schemes. Mumbai, Nov. 3 Banks are expected to step up investment of their surplus funds in short-term debt instruments such as commercial papers, treasury bills, and government securities with ... FOREX: Purchase of gold will help RBI diversify forex reserves Mumbai, Nov. 3 The Reserve Bank of India’s decision to purchase 200 tonnes of gold from IMF is seen as an effort on the central bank’s part to diversify its forex reserves holdings and reduce the dependence on ... CORPORATE BONDS: Minimum face value of short-term NCDs should be Rs 5 lakh: RBI Mumbai, Nov. 3 The minimum face value of short-term (less than one-year maturity) non-convertible debentures (NCDs) should be Rs 5 lakh with a maturity of at least 90 days, according to the draft guidelines issued by the RBI on ... ECONOMIC OFFENCES: Kores unveils fake currency detector Mumbai, Nov. 3 In an attempt to thwart counterfeit notes from inadvertently being accepted by commercial institutions, Kores India launched a unique counterfeit currency detector on Tuesday. Weighing 8.9 kg, the machine would have the ability ... FINANCIAL INSTITUTIONS: IFC to help AP upgrade diagnostic services Hyderabad, Nov. 3 International Finance Corporation (IFC) will help the Andhra Pradesh Government to upgrade diagnostic services in three public sector hospitals with the help of the ... FINANCIAL PERFORMANCE: SBI Life posts Rs 116-cr profit in H1 Mumbai, Nov. 3 SBI Life Insurance has posted a profit of Rs 116 crore in the first half of this fiscal ended September, against a loss of Rs 47 crore in the ... PRIVATE BANKS: Federal Bank opens 26 new branches Mumbai: Federal Bank opened 26 new branches in 11 States on Tuesday, a press release here said. With this, the bank now has 669 branches and 690 ATMs across the country. As many as seven new branches were opened in ... FIXED DEPOSITS: SBT deposit mobilisation drive ... GENERAL INSURANCE: MyTVS meet for insurance agents Car services company MyTVS organised a familiarisation meet for agents of Oriental General Insurance in Thiruvananthapuram recently, a press release said. Mr Suresh Chander, Senior General Manager of MyTVS, made a presentation on ... PRIVATE BANKS: Federal Bank ATM inaugurated The City Mayor C. Jayan Babu inaugurated Federal Bank’s Manacaud ATM here on Monday. He called upon the bank to take up corporate social responsibility schemes in right earnest. With this, the bank has 695 ATMs in the State, a press ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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