MONEY & BANKING
FINANCIAL SERVICES
CentrumDirect opens Bangalore office
CENTRUMDIRECT Ltd has opened its regional office in the city. The company is a wholly owned subsidiary of Centrum Finance Ltd, a category I merchant banker which raises funds in the equity and debt market. CentrumDirect is a retail ...
More
INSIGHT
Mid-Term Review of Credit Policy — Targeting inflation without hurting growth
The RBI has tried to maintain the delicate balance between price stability and growth. Despite strong inflationary expectations, the RBI Governor, Dr Y. V. Reddy, has resisted the temptation of even a small increase in the Bank Rate from the current 6 per cent and the CRR from 5 per cent primarily because he did not want to spoil the sentiment and hurt the growth process, says S. D. Naik.
More
FOREX
Rupee sheds gains; bond prices fall
MUMBAI: Heavy corporate demand saw the rupee shedding some gains on Monday as it closed weaker by around 5 paise at 45.42/43 against the dollar. The domestic currency had ended at 45.37/38 per dollar in the previous closing session on ...
More
NBFCS
Mango Securities(Hyd) registration cancelled
HYDERABAD: The Reserve Bank of India (RBI) has cancelled the certificate of registration granted to the Hyderabad-based Mango Securities Ltd, whose registered office in Hyderguda, for carrying on the business of a non-banking financial ...
More
RBI & OTHER CENTRAL BANKS
RBI asks banks to ensure prompt credit of cheques
THE Reserve Bank of India has asked banks to formulate comprehensive and transparent policies, for the immediate credit of outstation cheques. In a circular to commercial banks, the apex bank has also asked them to set a time frame for the ...
More
PRIVATE BANKS
Centurion Bank to focus on wealth management
CENTURION Bank has decided to actively push its newly-designed wealth management services as part of a plan to reach out to more discerning customers. Its services will range from the simple distribution of investment products to tracking of ...
More
PUBLIC SECTOR BANKS
IBA favours corporatisation of PSBs
`If the first option of corporatisation to facilitate consolidation is not acceptable, certain amendments such as modifying the definition of a banking institution to include regional rural banks can be carried out.'
More
SHORT TERM INSTRUMENTS
91-day bill auction on November 3
THE Reserve Bank of India has announced the auction of 91-day treasury bills aggregating to Rs 2,000 crore to be held on November 3. Of this amount, Rs 1,500 crore will be auctioned under the Market Stabilisation Scheme (MSS), while Rs 500 ...
More
FIXED DEPOSITS
SBT revises FCNR rates
THIRUVANANTHAPURAM: State Bank of Travancore (SBT) has revised interest rates for FCNR term deposits in dollar, pound sterling and euro for various periods. The new rates are effective from Monday. The revised rate for US dollar ...
More
BoI to accept 7-14 day deposits
RETAIL depositors can now earn an interest on their short-term idle funds, for even maturity up to a week. As advised by the Reserve Bank of India in the mid-term review of its annual policy statement 2004-05, Bank of India has decided to ...
More
PEOPLE
V.P. Shetty takes charge as Canara Bank CMD
MR V.P. SHETTY today took charge as the new Chairman and Managing Director of Canara Bank. Mr Shetty, who has been the Chairman and Managing Director of United Commercial Bank, started his career in Canara Bank and later joined Vijaya Bank in ...
More
United Bank CMD resumes work
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds