MONEY & BANKING
FINANCIAL SERVICES
Reliance Money ties up with VASCO Data
Reliance Money, the financial services and solutions arm of Reliance Capital, has tied up with VASCO Data Security International for providing user authentication for its customers. VASCO will offer this authentication through ...
More
FOREX
Reserves deserve better returns
It was thought to be a forgotten idea but has sprung to life now. Talk has revived about using forex reserves for new infrastructure projects. First mooted in late 2004, it was debated and discussed to death (as we, in India, tend to do in ...
More
Rupee stays unchanged
The rupee was unchanged against the dollar on Tuesday on speculation that RBI was reining in the appreciating home currency. The rupee opened higher at 44.07/08 and touched an intra-day high of 44.0650. It then dipped to finally close at ...
More
INFORMATION TECHNOLOGY
NCR Corp to set up ATMs for SBI
NCR Corporation-India has received the contract to set up 3,000 ATMs for SBI and its associate banks. "This is probably the largest project of its kind. We will be providing the hardware, setting up the kiosks as well as managing the ATMs," ...
More
LIFE INSURANCE
Unit-linked plan for HNIs from Birla Sun Life
Birla Sun Life Insurance has launched `Supreme Life', a unit linked plan aimed at high net worth individuals. The plan combines investment and insurance and gives customers the option to choose from six fund options, depending on the risk ...
More
PRIVATE BANKS
ICICI Bank in Thalassery
ICICI Bank has opened its Thalassery branch along with an ATM. The branch will remain open from 9 a.m. to 6 p.m., Monday through Saturday, according to a press release issued here. It will offer the entire range of ICICI Bank ...
More
IDBI Bank's property sale today
More than a dozen bidders are to participate in tomorrow's electronic auction for IDBI Bank's property on Boat Club Road, a prime residential locality in Chennai. It may be recalled that IDBI Bank had called prospective bidders to participate ...
More
INTEREST RATES
ICICI Bank hikes lending, home loan rates
The bank's revised floating rate now stands at 11.75 per cent per annum, against 10.75 per cent earlier.
More
Inevitable hike
ICICI Bank can afford to do it; has been compelled to do it; and has done it! It has hiked its home loan rates by one percentage point. For, private banks do not have their hands tied by political masters. If their costs go up, they don't ...
More
GOVT BONDS
Bond prices drop by 26 paise
Bond prices dropped by around 26 paise (yields went up by five basis points) as the market turned bearish ahead of the Rs 9,000-crore auction on Friday. Total traded volumes on the order matching system also dipped to Rs 1,410 ...
More
CREDIT MARKET
PSBs set to top target for SME credit
The Finance Ministry expects the public sector banks' (PSB) overall credit exposure to small and medium enterprises (SMEs) to exceed the targeted growth of 20 per cent this year. SME credit of these banks stood at Rs 1,73,460 crore as on ...
More
SHORT TERM INSTRUMENTS
Call rates unchanged
Call ruled unchanged at the previous close of 7.8-7.9 per cent. In the first one-day reverse-repo auction under LAF, the RBI received and accepted four bids for Rs 60 crore and in the first one-day repo auction, the RBI received ...
More
EVENTS
Y.V. Reddy calls on Chidambaram
The RBI Governor, Dr Y.V. Reddy, on Tuesday called on the Finance Minister, Mr P. Chidambaram, at North Block. This meeting comes close on the heels of the RBI's third quarter credit policy review statement of January 31 and the Finance ...
More
CO-OPERATIVES
Panel on UCBs sought
There is an urgent need to reassess the strengths and weaknesses of the urban cooperative banksaccording to the General Secretary of the All India Cooperative Bank Employees Federation Mr P. Balakrishnan. Stressing the need for ...
More
TRENDS
Banks opting for refinance facility
Higher repo, call, deposit rates the main reason
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds