MONEY & BANKING
FARM CREDIT
Chidambaram to meet PSB chiefs on July 21
The Finance Minister, Mr P Chidambaram, is to meet the chief executives of public sector banks here on July 21. Indications are that the Finance Minister would, at that meeting, review the implementation of the budget promise of making available ...
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OVERSEAS BORROWINGS
Srei Infrastructure signs $25-m loan deal with KfW
German bank to expand India portfolio to $3 b in 3 years
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INSIGHT
Surge and plunge of the Paris Club
By design or chance, the Paris Club forged links with most other agencies and groups and played the role of a mysterious broker. It had to imbibe the changes in debt regime and operational styles.
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FOREX
Rupee slips to 46.17/18
The rupee slid down to 46.17/18 on the account of continued demand for oil from several domestic oil companies. The domestic currency opened at a gap, 46.18/20, and touched an intra-day low of 46.25 to close at 46.17/18. On ...
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LIFE INSURANCE
IDBI, Federal Bank sign MoU with Fortis
To form life insurance venture to tap growing market in the country
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GENERAL INSURANCE
GSLV launch wasn't insured
ISRO plans for in-orbit spare capacity
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PRIVATE BANKS
`India among most preferred pvt banking destinations'
India is emerging as one of the most preferred private banking destinations at a time when the global private banking and wealth management industry is witnessing a boom in the M&A (mergers and acquisition) activity, global consultancy firm, ...
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TMB hikes NRE, FCNR rates
Tamilnad Mercantile Bank has hiked the interest rate by 30 basis points and 25 basis points for the maturity periods of "1 year to below three 3 years" and "3 years" respectively on its Non-Resident External (NRE) term deposits ...
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PUBLIC SECTOR BANKS
SBI's Online Business Centre
State Bank of India (SBI) has launched an Online Business Centre at the bank's Lucknow local head office in Hazratganj. Mr Shiva Kumar, Chief General Manager of SBI's Lucknow circle, inaugurated the centre on Tuesday.A statement ...
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BoI launches online trading in Chennai
Bank of India (BoI) has launched its online trading service, named Star Share Trade, for securities in Chennai on Monday. For this, the bank has joined hands with Asit C. Mehta Investment Intermediaries. While inaugurating the live ...
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GOVT BONDS
Bond prices tumble
Bond prices tumbled as a reaction to the higher cut-off price and lower yield for the Rs 7,000 crore government securities auction. RBI accepted bids amounting to Rs 1,700 crore and the remaining Rs 5,300 crore was devolved on ...
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CORPORATE BONDS
BoI to issue bonds
The board of directors of Bank of India has approved private placement of Tier-II capital and Upper Tier-II capital. The bank plans to raise Rs 600 crore through the placement of Tier-II capital through issue of unsecured, ...
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SHORT TERM INSTRUMENTS
Call rates remain flat
Call rates remained unchanged between 5.75 and 5.85 per cent. In the first one-day reverse repo auction under LAF, Reserve Bank of India received and accepted 34 bids amounting to Rs 35,465 crore and in the second one-day reverse ...
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TRADE & LABOUR UNIONS
Strike hits transactions at Central Bank branches
Around 32,000 employees of the Central Bank of India participated in an all-India strike on Tuesday against the bank's management. The strike was total in Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Bangalore, Ahmedabad, Lucknow, Bhopal, ...
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Nabard staff plan agitation today
The National Bank Officers' Association (NBOA) and the National Bank Employees' Association (NBEA) of the National Bank for Agriculture and Rural Development (Nabard) have decided to go in for agitation and observe a demand day on Wednesday, the ...
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