|
RBI
issues guidelines on credit derivatives
Mumbai: RBI, in its draft guidelines on credit derivatives,
has said that banks will be initially permitted to use
credit derivatives only for the purpose of managing their
credit risk, which includes buying protection on loans
and investments for reduction of credit risk.
Back
to News Review index page
World
Bank cuts global growth outlook; sees US recession risk
New Delhi: The World Bank has downgraded its outlook
for global growth for this year and sees the risk of recession
and deflation in the United States, according to a bank
report obtained by Reuters on Thursday.
Back
to News Review index page
RBI,
banks to extend banking hours on
March
29, 31
Mumbai: The apex bank has asked all public sector
banks and other authorised banks to keep their tax collecting
branches open for a reasonably longer time for this purpose
only, the RBI said in a release.
Back
to News Review index page
Shareholders
clear UTI Bank pref share allotment
Mumbai: UTI Bank shareholders on Friday approved the
issuance and allotment of 3.83 crore shares on preferential
basis at Rs 42.75 per share to four investors, including
ChrysCapital and Bahrain-based Citicorp Banking.
Back
to News Review index page
ECGC
Plans insurance products for exporters
New Delhi: ECGC is planning a slew of insurance products
to suit the needs of exporters. These include products
like a turnover policy, buyer-wise policy which would
be rolled out in April this year, said PMA Hakeem, chairman
and managing director, ECGC.
Back
to News Review index page
SBI
Life planning schemes for NRIs
Mumbai: SBI Life, the joint venture life insurance
company between State Bank of India and Cardiff SA of
France, is contemplating special insurance schemes for
non-resident Indians (NRIs). Currently, the company is
selling its existing insurance schemes to NRIs in India.
These are all rupee-dominated schemes and the future payments
will also be made in rupees.
Back
to News Review index page
IDBI
Bank debenture for Rs 45 crore
Mumbai: IDBI Bank Ltd has informed the Bombay Stock
Exchange (BSE) that it has allotted, 900, Tier II, subordinated,
unsecured, redeemable, non-convertible, and debentures
— Series C, by way of private placement.
Back
to News Review index page
GTB
shareholders okay capital hike
Hyderabad: The shareholders of Global Trust Bank Ltd
(GTB) have approved a proposal to enhance the authorised
share capital to Rs 350 crore from the existing Rs 200
crore. GTB currently has a paid-up equity capital of Rs
121.36 crore.
Back
to News Review index page
Housing
finance cos' deposit rate cap at 11 pc
Mumbai: National Housing Bank (NHB) has announced
a 150 basis points reduction in the ceiling on the interest
rates that housing finance companies (HFCs) can offer
on public deposits.
Back
to News Review index page
|
