The Hindu Business Line : Tuesday, November 16, 2004

NBFCS
RBI directs NBFCs to submit quarterly returns
THE Reserve Bank of India said in a notification that non-banking financial companies (NBFCs) would now be required to submit quarterly returns on important financial parameters as per the prescribed format. This reporting arrangement has been ... More

FINANCIAL POLICY
New norms for non-official bank directors await Cabinet panel nod
THE proposed changes in the norms governing appointment of non-official directors in public sector banks are likely to come into force only after being cleared by the Appointments Committee of Cabinet. The committee's clearance for the revised ... More

DEBT MARKET
Mibor-linked floaters in demand from MFs
A daily put-call option facilitates the sale of these papers by investors to the issuer at any point of time. This helps MFs meet redemption pressure at short notice and offer an attractive avenue of liquid fund deployment. More

RBI & OTHER CENTRAL BANKS
World Bank President coming tomorrow
THE World Bank President, Mr James D. Wolfensohn, will visit India from November 17-18, in response to an invitation from the Union Finance Minister, Mr P.Chidambaram. This is his third visit to India since 1996. During his two-day stay here, ... More

PRIVATE BANKS
Dhanalakshmi Bank to open seasonal branch at Sabarimala
DHANALAKSHMI Bank, the official bankers to the Travancore Devaswom Board, will open seasonal branches at Sabarimala, Pampa and Erumeli. All three branches will start functioning from November 16 as per the permission received from the Reserve ... More

INTEREST RATES
Karnataka Bank raises rates for long-term deposits
KARNATAKA Bank Ltd has increased interest rates on domestic term deposits of maturities of two years and above to 6.25 per cent. Previously, interest rates were 6 per cent for maturities of two years to less than three years, and 5.75 per cent ... More

Cross Currency Rates

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