Business Daily from THE HINDU group of publications
Friday, September 04, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, September 04, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FARM CREDIT: SBI announces special drought relief schemes Mumbai, Sept. 3 State Bank of India has announced special drought relief schemes for farmers availing themselves of minor irrigation and crop loans, in view of the weak monsoon and drought conditions, a press release issued on Thursday ... INVESTOR PROTECTION: 15-day free-look period for health insurance policies Mumbai, Sept. 3 If you buy a health insurance policy and realise that you are not agreeable with the terms and conditions then the same can be returned to the general insurance company within 15 days ... NON-PERFORMING ASSETS: Handbook on reposession of assets The Finance Industry Development Council (FIDC), a body representing asset financing NBFCs, on Thursday came out with a ‘Handbook on Reposession’ of assets. The handbook is a comprehensive code on the vexed issue of reposession, ... FOREX: Rupee a tad higher The rupee closed marginally higher, for the second consecutive day on Thursday, tracking the stock market, though there was dollar demand from oil companies during the day, said forex dealers. The rupee opened at 48.83/84 and closed at ... GOVT BONDS: Bond prices fall Bond prices fell on Thursday, with the exception of the 10-year benchmark. Market participants were short covering, which pulled down prices, said a dealer with a private bank. In the OMO auction, the RBI bought back securities worth Rs ... SHORT TERM INSTRUMENTS: Call rate end unchanged The inter-bank call rate ended unchanged at 3.20-3.30 per cent on Thursday. Under the Liquidity Adjustment Facility (LAF) conducted by the Reserve Bank of India, there were no bids in the one-day repo auction. In the reverse repo auction, there ... FINANCIAL POLICY: Asset prices must guide monetary policy If, when and how the RBI should tamper with the interest rates seems to be the second most discussed subject in business circles these days, after the public spat between the Ambani brothers. Most of the arguments, both for and against interest ... PRIVATE BANKS: Karnataka banks see little impact Mangalore/Bangalore, Sept. 3 Banks in Karnataka have not felt the impact of the drought yet on their agri portfolio. Mr P. Jayarama Bhat, Managing Director and Chief Executive Officer of Karnataka Bank Ltd, told Business ... PUBLIC SECTOR BANKS: PNB to reschedule loans for drought-hit New Delhi, Sept. 3 With about two-fifths of the districts affected by drought, Punjab National Bank is looking at rescheduling loans in the affected areas, besides ... CREDIT MARKET: Banks insist on corporate guarantees for core project loans Risk averse lenders tighten terms. Bangalore, Sept. 3 Public sector banks are insisting on corporate guarantees as a precondition to extending loans to ... CORPORATE BONDS: IRFC seeks Ministry nod for tax-free bonds New Delhi, Sept. 3 Indian Railway Finance Corporation (IRFC) has written to the Finance Ministry seeking approval for issuing tax-free bonds. The Finance Ministry had permitted IRFC to raise tax-free bonds of Rs 5,000 ... LIFE INSURANCE: LIC to develop hotel in Chennai Chennai, Sept. 3 Life Insurance Corporation south zone expects to develop a hotel on the 2.8 acres of property it has in Pallavaram, in Chennai. This would be the first property to be developed as a hotel. LIC has so far developed property ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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