MONEY & BANKING
RBI review of monetary policy Wracked by inflation, interest rate worries
Rising domestic price levels and the increasing international interest rates are matters of concern to the Reserve Bank of India, which will review its Monetary Policy stance today. The RBI need not follow the Fed, the ECB and the BoJ for a tight mon ey policy, and rather leave the interest rate alone, says A. SESHAN.
Rupee falls on profit-booking
The rupee was largely range-bound against the US dollar on Monday, but ended lower as exporters booked profits. Oil-related dollar demand also kept the rupee under pressure, said dealers. The rupee opened lower at 46.85/86 and ...
Bank stocks lead market recovery
Credit policy hopes, domestic buying support give a boost
IDFC Q1 net profit rises 20 pc
Infrastructure Development Finance Co Ltd (IDFC) has reported a 20 per cent increase in net profit at Rs 131 crore for the first quarter of the current fiscal, as against Rs 109 crore in the corresponding quarter of last fiscal. ...
Pay more, get higher goods cover
Carriage by Road Bill seeks to raise liability limits for companies
RBI & OTHER CENTRAL BANKS
Inflation within projected range: RBI
Headline inflation remained within the indicative trajectory during the first quarter of fiscal 2006-07 despite higher oil and food prices, the Reserve Bank of India, said in its first quarter review of Macroeconomic and Monetary Developments. ...
Fiscal gap likely to be lower
Higher tax collection, lower expenditure
Assocham plea to RBI
Assocham has suggested to the RBI to evolve schemes for credit flow to sectors such as manufacturing, agriculture and agri-business, small, medium and tiny enterprises, rural housing and infrastructure development. As the ...
PUBLIC SECTOR BANKS
United Bank finalises capital rejig plan
Equity to be trimmed by Rs 1,200 cr which is to be pref share of Govt
Dena Bank to raise Rs 675 cr thru bonds
Posts Rs 18.5-cr net for Q1; aims 25 pc growth in deposits
SBI may consider rights to shore up Tier-I capital
State Bank of India may consider a rights issue as one of the ways of shoring up its Tier-I capital. It has taken its case before the Government, the single-largest shareholder controlling close to 60 per cent. The Government's stake will not ...
Banks seek exemption from reserve ratios on tier-2 bonds
Escalation in cost of funds hits working capital
Bond prices inch up
Bond prices inched up as a reaction to the postponement and reduction of the Government securities auction, which will now be held on July 27. Dealers said that since the announcement was made after market hours on Friday, ...
SHORT TERM INSTRUMENTS
Call rates unchanged
The call rate was unchanged at 5.75-5.85 per cent. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 24 bids amounting to Rs 23,860 crore and in the second one-day reverse repo ...
CREDIT CARDS & DEBIT CARDS
PNB ropes in E&Y as consultant for cards biz
Punjab National Bank has roped in Ernst & Young (E&Y) as its consultant for its proposed foray into credit card business. Ernst & Young will, in the next six months, formulate a business plan for PNB's credit card business and also help t
SBI ties up with Softbank for $100-m VC fund
State Bank of India has tied up with Softbank of Japan for setting up a $100 million venture capital (VC) fund. This is being billed as amongthe bank's first major initiatives in the VC domain. The tie-up, done through SBI Capital Markets, ...
Book on anti-money laundering
Indian Institute of Banking and Finance has launched a book on anti-money laundering and know your customer (KYC) as part of the institution's certification course on the same. The institute has launched various diploma ...
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