MONEY & BANKING
FINANCIAL SERVICES
CIBIL has database on 8 m borrowers
CREDIT Information Bureau (India) Ltd (CIBIL) now has a database of 8 million records of the credit history of individual consumers taken from various banks, financial institutions and non-banking finance companies. The database is expected to ...
More
FOREX
Bond prices crash; rupee tad firmer
MUMBAI: Bond prices crashed by around one rupee across maturities in the Government securities market on Friday as the Reserve Bank of India announced a `fixed rate' auction. The 10-year benchmark yield firmed up to touch a high of 6.68 ...
More
INFORMATION TECHNOLOGY
Canara Bank fully computerised
CANARA Bank has achieved cent per cent computerisation which included all the branches in the in rural and semi rural areas of the country, a bank release said that all the 2,476 branches, 57 per cent of which were rural were fully computerised ...
More
2nd IOB ATM in Vizag
HOUSING FINANCE
ICICI Home Utsav begins at Thiruvananthapuram
GENERAL INSURANCE
Iffco-Tokio aims at Rs 500-cr premium
IFFCO-Tokio General Insurance has targeted a premium income of Rs 500 crore this year compared to Rs 320 crore or so it achieved in the previous fiscal. The company, which plans to forge new retail tie-ups, hopes to achieve its target by ...
More
RBI & OTHER CENTRAL BANKS
Now, banks can offer senior citizens scheme
BANKS will also now start accepting deposits under the Senior Citizens Savings Scheme (SCSS) which was introduced by the Government in August, said a notification from the Reserve Bank of India. Banks which are operating `Public Provident Fund ...
More
GOVT BONDS
Auction bid dampens sentiment in fixed rate paper
THE Government has announced re-issue of Rs 6,000 crore worth of 7.38 per cent 2015 Government paper through a price based auction on October 11, said a RBI release. Dealers said prices in the Government securities market fell by a rupee as the ...
More
NON-PERFORMING ASSETS
ARCIL may rope in NBFCs for faster NPA recovery
THE Asset Reconstruction Company (India) Ltd (ARCIL) proposes to rope in some of the healthy non-banking financial institutions (NBFCs) as its enforcement agencies for faster recovery of non-performing assets (NPAs) of the banking ...
More
CREDIT MARKET
Dakshina Kannada banks post 11 pc growth in business
AS many as 347 branches of various banks in Dakshina Kannada district have done business of Rs 8,735 crore as on June 2004 compared to Rs 7,880 crore during the corresponding period in the previous year, registering a growth of 11 per cent. ...
More
OUTLOOK
Rising rates may dent banks' profits, not capital base: Fitch
INTERNATIONAL credit rating agency Fitch has said that although the profits and earnings of most Indian banks may be affected as a result of a decline in trading profits, due to the recent volatility in interest rates, their capital positions are ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds