MONEY & BANKING
FOREX
Bond prices crash; rupee tad firmer
MUMBAI: Bond prices crashed by around one rupee across maturities on Thursday due to aggressive sell-offs in the Government securities market, triggered by statements made by the Finance Minister that the EPF rate may be maintained at 9.5 ...
More
CONSUMER FINANCE
Magma Leasing: Correction
IN the news item on Magma Leasing's new "ChamatCar loan scheme" that appeared in these columns on August 21, the rate of interest on a reducing balance basis is inadvertently mentioned as 7.5 per cent instead of 5.75 per cent. The error is ...
More
LIFE INSURANCE
LIC ties up with HelpAge India to sell products
LIFE Insurance Corporation (LIC) on Thursday entered into a tie-up with HelpAge India, an NGO catering to the needs of the aged, to distribute its products in the country. "With its reach, we hope HelpAge India would help in developing the ...
More
FINANCIAL MARKETS
Bankers seek RBI help to tackle rising yields
RBI could adopt an approach now when the yields are rising rapidly, similar to what it does through the open market operations window when the yields fall rapidly, bankers suggested.
More
DEBT MARKET
Ceiling on market stabilisation raised to Rs 80,000 crore
THE Government has raised the ceiling of the Market Stabilisation Scheme (MSS) to Rs 80,000 crore from the existing level of Rs 60,000 crore. The revision was made by the Government as per the request of the Reserve Bank of India. The ...
More
HUMAN RESOURCES
Fi-Tek to scale up manpower at Kolkata facility in 18 months
HAVING successfully sold its hedge funds and banking products in the US financial services market over the last few years, Fi-Tek Pvt Ltd has announced plans to augment the manpower strength at its Kolkata development facility by about 200 heads ...
More
PRIVATE BANKS
HDFC Bank opens 24-hour branch in Mumbai
MUMBAI: HDFC Bank today opened its first 24-hour branch at the International Air Cargo Complex in Mumbai. The customers will be now offered various current account facilities at the Airport Authority of India (AAI) branch including 24-hour ...
More
PUBLIC SECTOR BANKS
IOB changes tack; eyes Rs 1 lakh cr biz
BUOYED by its substantially improved financial performance in the last four years, Indian Overseas Bank (IOB) has changed its strategy and set its eye on taking its balance sheet size to a whopping Rs 1-lakh crore by March 2007 from the existing ...
More
FOREIGN BANKS
HSBC sees retail pie growing 50 pc
HONGKONG and Shanghai Banking Corporation Ltd (HSBC) is expecting a 50 per cent growth in its retail loans portfolio in the current fiscal through a focus on housing loans and wealth management. Said Mr Nicholas G. Winsor, Head (Personal ...
More
CREDIT MARKET
Banks in Haryana disburse loans worth Rs 3,087 cr
BANKS in Haryana disbursed loans worth Rs 3,087 crore between June 2003 and June 2004, according to the Punjab National Bank General Manager, Mr D.L. Rawal. Delivering the keynote address at the 89th meeting of the State Level Bankers' ...
More
CO-OPERATIVES
RBI fiat on Prudential
HYDERABAD: The Reserve Bank of India on Thursday allowed the financially struggling, Prudential Co-operative Bank Ltd to permit withdrawal of a sum not exceeding Rs 20,000 in any deposit account by a depositor. The disbursement programme ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds