MONEY & BANKING
INSIGHT
Monetary puzzle: Is Taylor's rule the answer?
Research has discovered that the Fed's actions in the last decade and more, knowingly or otherwise, conform, more or less, to Taylor's rule and avoided boom-bust economic cycles.
More
FOREX
Rupee weakens against dollar
The rupee slipped to 46.70 against the dollar on Wednesday on the back of extensive demand for dollars from domestic oil companies. The rupee opened strong at 46.53/54 to finally close at 46.70. On Tuesday, it ended at 46.59. ...
More
ICICI Bank brings in the bucks!
`Free' strategy pays off with sharp jump in remittances
More
INSURANCE
Lok Sabha passes Actuaries Bill
The Lok Sabha on Wednesday passed through voice vote a Bill to regulate and develop the profession of actuaries in the country. Replying to a brief debate on the Actuaries Bill 2005, the Minister of State for Finance, Mr Pawan Kumar Bansal, ...
More
FINANCIAL PERFORMANCE
Magma Leasing Q1 net up 31 pc
Disbursements indicate strong growth prospects: MD
More
HOUSING FINANCE
More banks hike home loan rates
Oriental Bank of Commerce (OBC) has hiked the floating interest rates on home loans by 50 basis points to 100 basis points. The new rates for loans up to Rs 20 lakh would be 9.25 per cent for up to 10 years' maturity and 9.5 per cent for ...
More
PRIVATE BANKS
Franklin Templeton inks distribution pact with Karnataka Bank
Franklin Templeton Investments, on Wednesday, entered into an agreement with Karnataka Bank for distribution of its investment products. Karnataka Bank will initially distribute the entire range of Franklin Templeton funds through its 100 ...
More
PUBLIC SECTOR BANKS
7-day banking in Kandivili
Andhra Bank launched seven-day banking facility at the Kandivili branch, in Mumbai on Wednesday, said a press release. It also quoted Mr Kalyan Mukherjee, Executive Director, Andhra Bank, as saying the bank is aiming for a credit ...
More
FOREIGN BANKS
Deutsche Bank opens exchange-based futures business
Direct access to regional markets
More
INTEREST RATES
SBH hikes domestic deposit rates
The State Bank of Hyderabad (SBH) has announced an upward revision in interest rates on domestic term deposits. The new rates come into effect from August 1, the bank said in a press release. The bank has increased the rate on ...
More
Andhra Bank ups BPLR by 50 bps
Andhra Bank on Wednesday announced an upward revision in its benchmark prime-lending rate (BPLR) by 50 basis points. In a press release here, the bank said the BPLR would now be 11.5 per cent and it would be the reference rate ...
More
Oriental Bank hikes deposit rates
Oriental Bank of Commerce has increased interest rates on its term deposits by 25 basis points in respect of certain maturities. The revised rates are effective from Tuesday. A statement by OBC said that interest rate on term ...
More
GOVT BONDS
Bond prices end flat
Bond prices ended flat as there was little buying interest in the market. The total traded volume on the order-matching system was low at Rs 665 crore. Dealers said yields could harden further in the run-up to the Rs 9,000 crore ...
More
SHORT TERM INSTRUMENTS
T-bills auction fully subscribed
The auctions of the 364-day treasury-bills and 91-day treasury-bills were fully subscribed. The notified amount for both T-bills was Rs 4,000 crore. The Market Stabilisation Scheme (MSS) amount for 364-day T-bill was Rs 1,000 ...
More
Call rates remain same
Call rates were between 6.00 and 6.10 per cent. In the first one day reverse repo auction under LAF, the RBI received and accepted 25 bids amounting to Rs 27,070 crore and in the second one-day reverse repo auction, 43 bids for ...
More
FIXED DEPOSITS
New IDBI deposit
IDBI Ltd is launching a fixed deposit, `IDBI Suvidha Tax-Saving Fixed Deposit', with effect from August 4. The five-year deposit scheme will have an interest rate of 8.5 per cent and 9 per cent for senior citizens. This is following the ...
More
PEOPLE
New Allahabad Bank CMD
The Central Government has appointed Mr A.C. Mahajan as Chairman and Managing Director of Allahabad Bank on and from August 1 this year. Mr Mahajan would be CMD of the bank up to July 31, 2010 i.e the date of his superannuation or until further ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds