|
Rupee extends loss
MUMBAI: The rupee closed weaker at 45.32 on Thursday
against the dollar in the forex market.
Bonds - The 8.07 per cent 2017 opened at around Rs 122.48/50
and closed at Rs 122.35/37. Call rates remained at around
4.25 per cent levels in the inter-bank market.
Back
to News Review index page
SBBJ
and ICICI Bank to share ATM network
Kolkata: State Bank of Bikaner & Jaipur (SBBJ)
is planning to expand its ATM network by entering into
shared network arrangement with ICICI Bank. Once the arrangement
is finalised, an ATM card of SBBJ would enable access
to as many as 6,000 ATMs all over the country. SBBJ has
similar arrangements with SBI and its six associate banks
and also UTI Bank and HDFC Bank.
Back
to News Review index page
IRDA
issues new insurance brokerage norms
Hyderabad: The Insurance Regulatory Development
Authority (IRDA) has issued fresh guidelines removing
the 5 per cent special discount for companies with paid
up capital up to Rs 3 crore. The system to be applicable
from April 1 will be for a one-year period, except for
the marine hull tariff business.
Back
to News Review index page
RBI:
Banks have to accept coins of all denominations
Chennai: The Reserve Bank of India today directed
banks to accept coins of all denominations from any member
of the public. In a circular to banks the RBI has said
that if banks find it difficult to count large number
of coins, they should buy coin-counting machines or accept
coins by weight.
The instruction follows complaints from traders that banks
are not accepting coins when they are deposited into their
(traders') accounts. The issue had been taken up with
the banking ombudsman, by the Tamilnadu Chamber of Commerce
and Industry, Madurai.
Back
to News Review index page
RBI
to consider $ loans at special rates
for Exporters
Kochi: According to L. Mansingh, the Director-General
of Foreign Trade (DGFT), the RBI is working on a plan
to come out with a lower interest rate, to raise dollar-denominated
funds, for exporters with a good track record. The DGFT
had taken up the issue of lack of sufficient foreign exchange
for exporters, despite the country's large forex reserves,
with the RBI. The DGFT is also considering laying down
a green channel for exporters with a good track record,
by doing away with the need to furnish bank guarantees
Back
to News Review index page
Bank
of Maharashtra: Issue oversubscribed 3.5 times
Mumbai: The Rs 230-crore public issue of the Bank
of Maharashtra is believed to have been oversubscribed
nearly 3.5 times. The issue offering 10,00,00,000 shares
at Rs 23 (face value Rs 10 plus premium Rs 13) had opened
on February 25, 2004.
Back
to News Review index page
|
