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Monday, December 29, 2008
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MONEY & BANKING

INSIGHT: Banking on creditable lines
The Report on the Trend and Progress of Banking in India for 2007-08 has presented a credible and commendable story of improvement in banking indicators in the country. In the context of various international developments in which the banking ...

FOREX: Will $ be revalued?
The cut in the interest rates by the US Fed have been so sharp in the last few months that there can be no further cut. Despite the measures to prop up the US economy, signals are not ...

GENERAL INSURANCE: Ministry to speed up work on Marine Emergency Fund
Increase in marine causalities in Indian waters. Mumbai, Dec. 28 The Ministry of Shipping is planning to speed up its efforts to create a Marine Emergency Fund to be used for relief operations in the aftermath of marine casualties, including ...

DEBT MARKET: Bonds pause ahead of year-end; traders await policy intervention
Liquidity remains comfortable, credit offtake seen picking up. Bangalore, Dec. 28 Bonds paused even as traders prepared to book profits ahead of the year-end and most of them took a break for a holiday after facing a ...

INSURANCE: Future Generali plans thrust on total insurance solutions
Mumbai, Dec. 28 Providing total insurance solutions, encompassing life and non-life segments, is what one of the latest entrants in the insurance sector — Future Generali — is banking on to reach out to its ...

LIFE INSURANCE: Max New York ties up with ALEgION
Kochi, Dec 28 Max New York Life Insurance has announced a strategic business alliance with ALEgION Insurance Broking wherein, the latter would sell Max Vijay in Kerala and Tamil ...

PUBLIC SECTOR BANKS: SBI’s Bengal circle sets higher targets
Kolkata, Dec. 28 The Bengal Circle of State Bank of India, covering West Bengal, Sikkim and Andaman & Nicobar Islands, aims to achieve 30 per cent growth in advances and 25 per cent growth in deposits in 2008-09, said the circle’s ...

PUBLIC SECTOR BANKS: PNB, Guruvayoor Dewasom sign pact
Kochi, Dec. 28Punjab National Bank and Guruvayoor Dewasom have entered into an agreement to provide online Vazhipadu ...

GENERAL INSURANCE: Fall in premium, stock market volatility confront general insurers
Chennai, Dec. 28 The year 2008 will go down as “challenging” and “difficult” for the general insurance industry, which till 2007 saw a steady growth, and most of the eight private players reported profits from ...






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Markets (Dec 27)
Nifty (on Dec 26)2857.25(-59.60)
US Dollar (Buy/Sell)48.39/40
Brent crude (a bbl) Rs1,709
Gold (a gram) Rs1,241
Silver (a kg) Rs18,305

Cross Currency Rates

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In Focus
Pravasi Bharatiya Divas, Singapore

More

Other Top Stories
Fall in premium, stock market volatility confront general insurers

Economy will bounce back faster, says Jhunjhunwala

Bonds pause ahead of year-end; traders await policy intervention

Centre dithers over MSP for wheat, rapeseed-mustard

India – past and present

Looking back
Dec. 21-Dec. 27
It’s financial circumvention, not innovation: Y.V. Reddy

Bonds rally on surging deposits, weak oil prices

‘Rupee could touch 47 to a dollar by March’

Rate cuts: Cheaper loans, but margin pressures for banks

10% additional cover for exporters on the cards

‘Exchange rates will be range-bound in medium term’

Small, medium exporters to get higher ECGC risk cover



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