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Tuesday, April 04, 2006
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MONEY & BANKING

LIFE INSURANCE


Life insurers may get to sell health cover
IRDA panel keen to improve penetration levels More

REGIONAL RURAL BANKS


Grameena bank biz grows 22 pc
The Dharwad-based Karnataka Vikas Grameena Bank — a regional rural bank sponsored by Syndicate Bank — recorded a total business of Rs 3,665 crore during 2005-06 registering a growth of 22.17 per cent over the previous ... More

INSIGHT


Stop, look and go slow
CAPITAL ACCOUNT CONVERTIBILITY More

FOREX


Rupee rangebound against dollar
The rupee began the new fiscal on a dull note on Monday. It was range-bound against the dollar and moved in the narrow range of 44.60-44.62 during the day. There were no factors that could move the market , said dealers. The ... More

DEBT MARKET


Banks book big treasury profits in March
T-bill yields higher than repo rate More

PRIVATE BANKS


Federal Bank upbeat on growth
Plans aggressive marketing More

GOVT BONDS


Low volumes in bond market
In the bond market, sentiment was cautious ahead of the Rs 8,000-crore Government securities auction to be held between April 3 and 12. The traded volume was not more than Rs 1,000 crore. Dealers said that with the implementation ... More

SHORT TERM INSTRUMENTS


Call rates end at 6%
In the one-day reverse repo, under the liquidity adjustment facility, RBI accepted one bid, amounting to Rs 50 crore and 2 bids for Rs 1,030 crore in the repo auction. In the second auction, the central bank accepted 19 bids for Rs 9,860 crore ... More

FIXED DEPOSITS


SBH hikes rates on term deposits
State Bank of Hyderabad (SBH) has announced an upward revision in interest rates under NRE, FCNR and RFC term deposits from Saturday. The rates on NRE term deposits for one year to five years have been increased to 6 per cent (5.9 per cent). ... More

TRADE & LABOUR UNIONS


SBI strike hits banking operations nation-wide
Talks on to sort out the issues, says Purwar More

Bank bandh
LOCKED UP: A scene outside State Bank of India's Fort branch in Mumbai. SBI's operations throughout the country were hit, with officers and employees going on an indefinite strike seeking enhanced pension package. ... More

SBI staff hold sit-in demonstration
The anti-labour environment that bank employees are increasingly being made to contend with at the workplace is largely the legacy of the new economic reforms being rolled out in the country, said Mr V. S. Achuthanandan, veteran Marxist and ... More


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