The Hindu Business Line : Friday, March 19, 2010

MONEY & BANKING

INSIGHT: Enrich human capital in PSBs
The Rakesh Mohan Committee on Financial Sector Assessment (CFSA, March, 2009) made an observation that compared to developed markets, banks in India are overstaffed and their productivity levels lower, as reflected in assets per ...

OUTLOOK: Slow credit offtake may dent banks' profits
Lower interest income, NPA provisioning likely to add to woes. Faced with sluggish credit offtake and hardening yields, bottomline of most banks is expected to take a knock this ...

PUBLIC SECTOR BANKS: United Bank up marginally on Day 1
After receiving a fairly good response to its initial public offering in February, United Bank of India listed with a premium of 17 per cent over its issue price on the BSE ...

CREDIT RATING: S&P pegs growth in next fiscal at 8%
Rating upgrade is good news for cos. Global rating agency Standard and Poor's on Thursday raised India's rating outlook from negative to stable as it expects the country's fiscal situation to improve following the measures announced in the ...

INFORMATION TECHNOLOGY: Centre may partly bear tech cost of financial inclusion
The Centre has hinted that it could, to some extent, help the banks meet their technology adoption costs for more financial inclusion, especially ...

FOREX: Rupee weakens
The rupee weakened by 11 paise against the dollar, but came off the day's lows on Thursday following the upgrade on the outlook on India from negative to stable by international rating agency Standard and Poor's. The rupee opened at ...

SHORT TERM INSTRUMENTS: Call rates move up
Call rates ended at 3.5-3.6 per cent, higher from the previous close of 3.2-3.3 per cent due to advance tax outflow. According to dealers, the situation would ease on Friday. Under the first liquidity adjustment facility (LAF) conducted by ...

MONETARY POLICY: Monetary policy should be freed up to aid productive investment: Unctad
Not just for inflation management. Monetary policy should be geared towards facilitating productive investments in the economy instead of just targeting inflation, according to the UNCTAD Secretary-General, Dr ...

LIFE INSURANCE: Birla Sun Life targets retirement, health areas
Birla Sun Life Insurance Company is planning to expand its product portfolio in retirement and health insurance segments in 2010-11, according to its Chief Financial Officer, Mr ...

CREDIT MARKET: Mahindra Fin offers loan against gold
Designed to provide liquidity against gold ornaments, Mahindra Finance has launched ‘Loan against Gold' product in the Kerala market. It has opened an exclusive branch at Thodupuzha ...

LIFE INSURANCE: Limra Loma opens India office
Indian life insurance companies could hope to get access to better market information and advanced ...

FINANCIAL INSTITUTIONS: CIBIL signs pact with 31 microfinance institutions
The Credit Information Bureau (India) Ltd (CIBIL) has signed an agreement with 31 microfinance institutions in India to start a Microfinance Credit ...