| The Hindu Business Line: Money & Banking |
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Cautious banks, MFs turn to govt securities: The State Government securities have become attractive to banks and mutual funds as financial markets turned cautious on the unfolding crisis in Europe. Spreads between 10-year sovereign paper and the State development loans (SDL) have dropped to
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A safety net for poorest of the poor: For decades, Tamil Nadu has been a welfare state. The legendary Kamaraj, as Chief Minister, conceived the noon-meal scheme for children, which served the dual purpose of ensuring nutrition to children and checking school drop-out
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Rupee gains as risk appetite returns: The rupee opened lower but gained during the day, following an increased demand for non-dollar currencies, as risk appetite returned to the global forex markets. The rupee opened at 45.33 and closed at 45.12, against the previous close of
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Pvt life insurers post improved results on better market conditions, cost controls: Cost controls and better capital market conditions helped private life insurance companies post improved performances on the profitability front in
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6 million credit cards cancelled in 2009-10: Banks cut down sharply on issuing credit cards and also closed a number of cards in 2009-10. Six million credit cards or about a quarter of the total number of cards a year ago went out during the last
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RBI does not rule out use of policy instrument to tackle capital flows: India will continue to move towards liberalising the capital account, but will revisit the road map in the light of the global economic crisis, said the Reserve Bank of India Governor, Dr D.
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YES Bank plans retail banking products: YES Bank plans to introduce customised retail banking products in order to cater to specific segments of customers in the
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United Bank to focus on farm lending, NPA reduction: United Bank of India has identified several thrust areas to boost business, reduce costs and step up customer service and these include accent on human resource development, reduction in NPAs (non-performing assets) and improvement of NIM (net
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Call rates slightly up: Call rates increased slightly higher to close at 3.85-3.9 per cent, against the previous close of 3.75-3.85 per cent. Under the liquidity adjustment facility (LAF) conducted by the Reserve Bank of India, there were no bids in the one-day repo
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AP credit plan outlay goes up Rs 10,200 cr: The State-Level Banking Committee (SLBC) of Andhra Pradesh has proposed an increase of about Rs 10,200 crore for the State Credit Plan for 2010-11 to Rs 65,763 crore under the priority
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Bond prices rise as inflation fears ease: Bond prices rose on Wednesday as lower than expected IIP numbers eased inflation fears, said dealers. There was a rally in the latter half of the day after the lower March IIP numbers eased fears of a mid-policy rate hike by the Reserve Bank of
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