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Wednesday, March 30, 2005

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MONEY & BANKING

INSIGHT


Basel II: Many unanswered questions
Basel II with its three-pillar approach to risk management is far more complex than Basel I. It will require comprehensive data collection and analysis, which is difficult and expensive. Some key questions need to be asked as India enters the consult ation stage of implementing Basel II, say Mohit Charnalia and Vaidyanathan Venkateswaran. More

Fed sees inflation risk, but keeps stance
IN the event, the Federal Open Market Committee (FOMC), the monetary policy and interest rate-determining body of the US Federal Reserve, which met last week, decided, as almost universally expected, to raise Fed funds by 25 basis points and ... More

FOREX


Rupee down 3 paise; securities bearish
MUMBAI: The rupee hit a five-week low and ended at 43.81/82 against the dollar on Tuesday. Call rates dipped to 2.5-3 per cent on excess liquidity. The rupee had closed at 43.78 on Monday. Dealers said the rupee, which opened at ... More

INSURANCE


NRAS aims for Rs 20-cr turnover
NICHE Risk Advisory Services Pvt Ltd (NRAS), involved in the selling of Tata AIG life and general insurance products in South India, has set a target of 100 per cent growth in Kerala towards achieving a turnover of Rs 20 crore from the State by ... More

CONSUMER FINANCE


Getting locked into EMI loans
TAKE a loan repayable in Equated Monthly Instalments (EMI) and you can view future interest rate hikes with calm. They won't make the least difference so far as you yourself are concerned. On the other hand, since clean personal loans, cash ... More

PRIVATE BANKS


ICICI, IndusInd launch NRI remittance products
Two banks — ICICI Bank and IndusInd Bank — have launched remittance products with foreign tie-ups. Mr Bhaskar Ghose, Managing Director and CEO, IndusInd Bank, said banks are focusing on such products to take advantage of the tax ... More

PUBLIC SECTOR BANKS


Bankers' Clearing House session on Thursday
A SPECIAL clearing session of the Mangalore Bankers' Clearing House will be held on March 31 at 6 p.m. in order to facilitate payment of taxes (corporate tax, income-tax, central excise and service tax) to the Government. As part of this ... More

SECURITISATION


NHB securitises housing loans of Birla Home
NATIONAL Housing Bank today launched a new phase of securitisation programme with three issues of Residential Mortgage Backed Securities (MBS) involving housing loans originated by BHW Birla Home Finance Ltd (BBHFL). These securities are for ... More

MERGERS & ACQUISITIONS


GTB to be integrated fully with Oriental Bank by June — Common settlement system for accounts being installed
`We have captured data on each and every NPA account. Everybody except Ketan Parekh has come to the negotiating table.' More

PEOPLE


Padmakumar joins Muthoot group
MR K. P. Padmakumar, former Chairman of Federal Bank, has joined the Rs 300-crore net worth Muthoot group as Executive Director and CEO of the Financial Services Division. Addressing a press conference here, Mr George Alexander Muthoot, ... More


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In Depth

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Looking back
Mar. 20-Mar. 26
Bonds weak on oil concerns, $ loan prepayment

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Time to compress rural credit delivery system

Big ticket deposits: Private banks doing better


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