Business Daily from THE HINDU group of publications
Wednesday, March 18, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, March 18, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING ACCOUNTING STANDARDS: CA institute asks RBI to withdraw circular on banks’ bad loans New Delhi, March 17 The CA Institute President said that the RBI circulars on bad loan recognition and provisioning could distort bank balance sheets as on March 31 this ... HOUSING FINANCE: SBI draws pvt bank customers with home loan at 8% interest Hyderabad, March 17 The special housing loan schemes launched recently by State Bank of India at 8 per cent interest rate have triggered migration of customers of some private banks ... OUTLOOK: Most banks brace for lower net interest margins in Q4 Declining credit off-take, high deposit inflows to put pressure. Bangalore, March 17 With credit off-take shrinking, most banks brace for lower net interest margins in the fourth quarter of the current ... INSIGHT: Will US banks go back to the roots? It’s become a drab affair. The bimonthly meeting of the US Federal Reserve’s Federal Open Market Committee’s (FOMC) this week attracts ... TECHNICAL ANALYSIS: Rupee consolidates sideways Risk-appetite in financial markets surged higher over the past week along with equity markets that snapped back from multi-year lows. Dollar and yen weakened against other currencies as funds moved out of safe-haven currencies in to riskier ... GOVT BONDS: Sharp fall in bond prices Bond prices fell by about 70 paise on fears that additional supply of government securities will lead to a fall in demand for papers. A bond dealer with a private bank said the market was confused and jittery and there was not much activity at ... SHORT TERM INSTRUMENTS: Call rate ends at 4.20-4.30% The inter-bank call rate closed at 4.20-4.30 per cent, against the previous close of 4.10-4.25 per cent. In the first liquidity adjustment facility (LAF), there were no bids in the repo and the reverse repo auction. Under the second LAF, there ... GENERAL INSURANCE: Universal Sompo policy processing centre Universal Sompo General Insurance inaugurated its policy processing centre (PPC) at Mahape, Navi Mumbai recently. The PPC will be the central policy issuing office for the company. The premises will also have the company’s IT centre, ... NON-PERFORMING ASSETS: Poor publicity hampers scheme for MSMEs Chennai, March 17 With less than a fortnight for the fiscal to close, the CDR scheme for micro, small and medium enterprises is in the danger of not meeting with the desired success, because of poor publicity given to the scheme ... FINANCIAL SERVICES: Talent measurement tools to be launched for BFSI, insurance sectors Thiruvananthapuram, March 17 Professional Aptitude Council (PAC), a company that offers aptitude assessment tools for the technology sector, plans to roll out similar tools for two more ... GENERAL INSURANCE: GIC lists continuity benefits under portable health policy Hyderabad, March 17 A customer cannot expect continuity of benefits in case he wishes to migrate from a common portable mediclaim to another health insurance product, according to the portable health insurance policy drafted by the ... SOFTWARE: 3i Info tool for SBI group ... PUBLIC SECTOR BANKS: Bank of India cuts PLR by 50 bps Mumbai, March 17 Bank of India, in an announcement to the BSE on Tuesday said, it is cutting its benchmark prime lending rates by 50 basis points to 12 per cent from 12.5 per cent with effect from April ... EVENTS: Banks urged to aid rural women ... FOREX: Rupee pares earlier gains Mumbai, March 17 The rupee fell marginally against the dollar on Tuesday, falling 10 paise against the ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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