The Hindu Business Line : Wednesday, February 06, 2008

Rupee continues to fall
The rupee continued to weaken and fell by almost 10 paise against the greenback on Tuesday as demand for the dollar outstripped supply. According to dealers, most of the outflow was due to Reliance Power IPO. The rupee opened at 39.42/44 and ... More

LIFE INSURANCE
ICICI Pru partners Dept of Posts
ICICI Prudential Life Insurance Company announced on Tuesday its service tie-up with the Department of Posts to enable its policyholders gain access to a network of post-offices, particularly in the rural areas, for premium ... More

CREDIT RATING
Crisil plans credit info co with Tata Capital, Equifax
Mumbai, Feb. 5 Rating agency, Crisil, is looking to set up a credit information company, for rating retail borrowers, jointly with Equifax of US and Tata Capital Ltd. While the stake of each partner and the exact quantum of investment are yet ... More

PRIVATE BANKS
Yes Bank gets nod to raise funds via QIP
Mumbai, Feb. 5 Yes Bank today announced that its board has approved a proposal to raise funds through the Qualified Institutional Placement route. The bank will issue 2 crore equity shares in one or more tranches, it said in a notice to ... More

INTEREST RATES
Allahabad Bank cuts retail loan rates
Allahabad Bank has announced a cut in interest rates on retail loans such as housing loan, consumer loan, education loan and car loan by 50 to 100 basis points. The interest rates on term deposits with certain maturities, two years and above, up ... More

Corporation Bank cuts SME loan rates
Corporation Bank has reduced the lending rates by 25 bps on advances to small enterprises, including micro enterprises. A bank release said here on Tuesday that it has been done with a view to augment the flow of credit to small enterprises. The ... More

Rates may not drop this fiscal, says Kamath
Mumbai, Feb. 5 Interest rates are not likely to see a downward movement in this fiscal and banks need to watch the demand-supply situation, said Mr K. V. Kamath, Chief Executive Officer, ICICI Bank.Speaking at a CII seminar here today, ... More

Canara Bank cuts home loan rates
Canara Bank reduced its home loan rates by 25 basis points across the board. A bank release said the reduction would take effect from February 7. The reduction would be applicable for existing floating rate borrowers as well, the release ... More

GOVT BONDS
Bond prices flat
Bond prices were almost flat as traders remained cautious about taking positions ahead of Rs 9,000 crore worth of auctions this week. Total traded volumes on the order-matching system were at Rs 4,590 crore (Rs 3,220 crore). Market participants ... More

SHORT TERM INSTRUMENTS
Call rates end lower
Call rates closed at 6-6.10 per cent, lower than the previous close at 6.5-6.6 per cent. In the one-day auction under Liquidity Adjustment Facility, the RBI received and accepted 7 reverse repo bids for Rs 9,190 crore. There were no repo bids. ... More

MORTGAGE
Banks bracing for sub-prime spillover
Impact being felt on export finance, realty advances More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

People's car

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
‘A vote of confidence in the Indian operations’

Wockhardt Hospitals IPO date extended

Notebooks drive PC market in H1

Cyclonic whirl may drag rain belt to east

Cotton prices to stay firm next year too

Rlys on track for diesel loco unit

Fed reassures markets, mothballs inflation fears

The politics of polarisation

L&T order book likely to grow 30% by March

Looking back
Jan. 27-Feb. 2
Yields soften on purchases by insurance cos, MFs

Easy loans from Future Money add to Home Town’s topline

GE Money India seeks partners for personal loans, mortgage biz

GIC’s statutory business share to be reduced to 10%

Forex reserves up $3.4 billion