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Friday, April 21, 2006
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FOREX


Rupee flat against dollar
The rupee continued to be flat against the US dollar on Thursday, as buying by oil companies were matched by supplies. The rupee opened at 45.10/11 and moved in the 45.10-45.17 range. It ended trade at the same levels, almost ... More

INSURANCE


Disclosures to be must for insurers soon
IRDA working on financial details More

CREDIT POLICY


Chidambaram welcomes monetary policy
`Incomplete pass through of fuel prices a cause for concern' More

LIFE INSURANCE


ICICI Pru mulls `health-savings' product
ICICI Prudential Life Insurance is planning to bring in a health insurance product that would also have a "savings element" built into it. If it does bring out the product, the company may well be the first to do so in India. Usually standalone ... More

GENERAL INSURANCE


Insurers get ready for deregulation of tariffs
De-tariffed regime expected to come into effect from January More

GOVT BONDS


Bonds down on profit-booking
Bond prices fell by about 30 paise from Wednesday's levels due to profit-booking as the RBI announced the auction of two government securities for Rs 6,000 crore and Rs 4,000 crore on April 25. "Today there was profit booking as ... More

RESTRUCTURING


Post-write off, United Bank plans revamp
The Union Government's decision to write off United Bank of India's (UBI) accumulated loss of Rs 278.44 crore has come as a big relief to bank management. "It is a positive development", Mr P.K. Gupta, CMD of the bank, told Business ... More

SHORT TERM INSTRUMENTS


Call rates unchanged at 5.5-5.6 pc
Call rates were unchanged at 5.5-5.6 per cent. In the one-day reverse repo auction, under LAF, the RBI received and accepted 36 bids amounting to Rs 28,520 crore in the first auction and 31 bids for Rs 29,185 crore in the second. ... More

FIXED DEPOSITS


Canara Bank ups NRE deposit rates
Canara Bank has revised upward the interest rates on NRE term deposits with effect from April 18. The new rate for deposits with a tenure ranging from one year to three years will be 6.30 per cent. The existing rate is six per ... More

Karnataka Bank NRE deposit rates
Karnataka Bank has increased interest rates on NRE deposit scheme with effect from April 19. bank release said here on Thursday rates had been increased to 6.29 per cent (6.04) on maturities of one year to less than three years; ... More

ALLIANCES & JOINT VENTURES


BoI signs pact with Exim Bank
Bank of India (BoI) and Exim Bank have agreed to assist each other in areas of common business interest. Mr M. Balachandran, CMD, BoI and Mr T.C. Venkat Subramanian, CMD, Exim Bank have signed a memorandum of cooperation to collaborate on a ... More
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