The Hindu Business Line : Saturday, December 06, 2008

MONEY & BANKING

NBFCS: NBFCs may get easier access to funds
Non-banking financial companies (NBFCs) may get some policy support from the Government and the Reserve Bank of India as part of the economic stimulus package slated to be unveiled on ...

OVERSEAS INVESTMENTS: PSBs play it safe with nostro accounts in US
Operations restricted to trade finance needs. Bangalore, Dec. 5 Public sector banks have now begun restricting their correspondent account balances to a handful of ...

GENERAL INSURANCE: Mumbai attacks: Chidambaram assures speedy settlement of insurance claims
Admits to lapses in security system; confirms plans for national investigation agency. Mumbai, Dec 5 The Union Home Minister, Mr P. Chidambaram, said on Friday that the Government will ensure settlement of insurance claims related to the victims ...

CREDIT MARKET: IOB in pact with Coir Board
Indian Overseas Bank has signed a Memorandum of Understanding with Coir Board for implementation of rejuvenation, modernisation and technology up-gradation of the coir industry. The objectives of the scheme is to encourage traditional coir units ...

SHORT TERM INSTRUMENTS: Call rates steady
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FINANCIAL INSTITUTIONS: ExIm Bank in 15-year loan pact
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CORPORATE BONDS: Corp Bank raises Rs 200 cr
Corporation Bank has raised Rs 200 crore through bonds. The bank informed the Bombay Stock Exchange on Friday it has raised lower tier-II bonds [Series (III) (1)] for Rs 200 crore. The tenor of the bond was 120 months and coupon rate 10.80 per ...

TRADE & LABOUR UNIONS: Outsourcing to be sticky issue at wage talks
Bankers keen to cut costs while trade unions want to save jobs. Mumbai, Dec 5 Bankers want to reduce costs while trade unions want to save jobs. So, will the twain meet on the issue of ...

FOREX: Forex reserves jump $1.9 b
Mumbai, Dec. 5 The foreign exchange reserves swelled by $1.88 billion in the week ended November 28, to $247.68 ...

PEOPLE: Leeladhar to step down as RBI Deputy Governor
New Delhi, Dec. 5 The Deputy Governor of RBI, Mr V. Leeladhar, will relinquish office on Monday after serving in the post for a little over four years. The Government was yet to decide on a replacement, official sources ...

GOVT BONDS: Govt to borrow Rs 45,000 cr more
Mumbai: To meet its additional expenditure, the Government of India will borrow an additional Rs 45,000 crore through the issuance of marketable securities. The Reserve Bank of India has come out with an issuance calendar for ...