MONEY & BANKING
REGIONAL RURAL BANKS
RRB branches: 'RBI must be liberal'
The Finance Minister, Mr P. Chidambaram, on Friday urged the Reserve Bank of India to be more liberal in granting branch licences to regional rural banks (RRBs). Mr Chidambaram conceded in the Lok Sabha on Friday that the RRBs ...
More
FOREX
Forex reserves jump $2 b
For the third consecutive week forex reserves have climbed by over $2 billion with the kitty growing by $2.707 billion at $175.489 billion, for the week ended December 1. In the previous week, forex reserves had gone up by $2.427 billion at ...
More
Rupee weakens
The rupee slipped against the dollar tracking the weakness of the yen and the euro. The domestic currency opened at 44.72/73, touched an intra-day high of 44.65/66 and finally closed at 44.72/73 against Thursday's 44.65. The ...
More
INFORMATION TECHNOLOGY
Oriental Bank to bring all branches under core banking
To give thrust to operations in eastern region
More
CONSUMER FINANCE
Karnataka Bank signs pact with Orb Energy
Karnataka Bank Ltd has signed a memorandum of understanding (MoU) with Orb Energy Pvt Ltd for financing solar equipment manufactured and marketed by the latter. A bank release said here on Friday that the finance will be extended under bank's ...
More
LIFE INSURANCE
ING Vysya Life hikes capital
To comply with IRDA's solvency norms
More
Rajesh Exports bags LIC order
Bangalore-based jeweller Rajesh Exports has bagged a Rs 25-crore order from Life Insurance Corporation for the supply of 33,000 gold coins for the insurance company's golden jubilee celebrations. The coins, at a total of 264 ...
More
GENERAL INSURANCE
ICICI Lombard plans biometric health cards
Launch in Manipal for group insurance policy holders
More
FINANCIAL POLICY
RBI hikes cash reserve ratio to 5.5 pc
The RBI today marked up the Cash Reserve Ratio (CRR) from 5 per cent to 5.5 per cent (in two phases) to impound about Rs 13,500 crore of bank funds. CRR will go up from 5 per cent to 5.25 per cent, effective December 23 and on to 5.50 per cent ...
More
DEBT MARKET
Bond prices stay range-bound
Bond prices were range-bound as traders remained cautious awaiting auction results. Total traded volumes on the order matching system were Rs 2,780 crore (Rs 2,140 crore). Inflation at 5.30 per cent for the week-ended November ...
More
PRIVATE BANKS
City Union Bank joins `Cash Tree'
City Union Bank has been inducted as a member of the `Cash Tree' ATM sharing network. A press release by Karnataka Bank Ltd said here on Friday that a meeting of the members of `Cash Tree' network was held at the head office of ...
More
PUBLIC SECTOR BANKS
OIC alliance to have common logo
`We want to do everything short of merger'
More
Govt will stand by SBI's capital-raising efforts
`Stake in PSBs will not be below 51 pc'
More
FINANCIAL INSTITUTIONS
IFC unit to support rural biz hubs in N-E
The International Finance Corporation's South Asia Enterprise Development Facility (IFC-SEDF) will partner with the Confederation of Indian Industry (CII) and the Ministry of Panchayati Raj to facilitate and support rural business hubs in the ...
More
GOVT BONDS
G-secs oversubscribed
The auctions of the 7.37-Government Stock 2014 and the 8.33-Government Stock 2036 were oversubscribed on Friday. Dealers said the cut-off yield was as per expectation. For the 7.37 paper the notified amount was Rs 5,000 crore. The Reserve ...
More
CREDIT MARKET
Bank credit up Rs 12,637 cr
Gross bank credit has gone up by Rs 12,637 crore to Rs 16,83,730 crore as of November 24, according to the Reserve Bank of India's Weekly Statistical Supplement. Food credit increased by Rs.1,022 crore to Rs 38,680 crore and non-food credit was ...
More
SHORT TERM INSTRUMENTS
Call rates end higher
Call ruled between 6.1 per cent and 6.2 per cent against Thursday's 6.05 per cent and 6.15 per cent. In the first three-day reverse-repo auction under LAF, the RBI received and accepted 10 bids for Rs 3,620 crore. There were no ...
More
FIXED DEPOSITS
SBI hikes term deposit rates
State Bank of India (SBI) has raised interest rates on deposits effective December11. The last interest rate revision was on August 19. Interest rates on domestic term deposits, deposits of senior citizens and super saver term deposits have ...
More
MERGERS & ACQUISITIONS
ICICI Bank board to take up Sangli Bank merger today
Move will expand branch network, boost rural lending
More
OUTLOOK
Bajaj Allianz Life targets Rs 800-cr biz in Kerala
To launch two unit-linked products this month
More
PEOPLE
Tamilnad Mercantile Bank chief
Mr G. Narayana Moorthy has taken over charge as the new Managing Director and Chief Executive Officer of the Tuticorin-based Tamilnad Mercantile Bank with effect from December 1, for a period of two years. Earlier, he had ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds