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Rupee
steady
The domestic currency closed steady at 45.25 on Thursday
almost unchanged from Wednesday's closing levels at 45.2450.
Forwards market - The six months premium closed
at 0.46 per cent (0.44 per cent) and the one-year forward
closed at 0.52 per cent (0.54 per cent).
G-Secs - The 7.49 per cent 2017 opened at Rs118.12
and closed at Rs118 at closing. The 8.07 per cent 2017
opened at Rs123.70 and closed at Rs123.80.
Call rates were at around the 4.25-per cent levels
in the inter-bank market.
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i-flex
to launch Flexcube in Latin America
Pune: I-FLEX Solutions Ltd, has completed the Spanish
version of its flagship product, Flexcube, and is all
set to make its mark in the Latin American countries.
According to the company, it has put in 30 man months
into developing the Spanish version. The company has recently
launched a new product, Revelus for the analytical side
of the banking industry.
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SCB Home Saver
gets good response
Bangalore: Standard Chartered Bank said its home
loan product Home Saver has been chosen by close to 40
per cent of its new customers since the launch of the
product in April 2002.A Home Saver loan can operate as
a regular bank account, wherein the customer can deposit
and withdraw money whenever it is needed at no charge.
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BOB
tier II issue fully subscribed
Chennai: The tier II bond issue of the Bharat Overseas
Bank (BOB), for Rs40 crore, has been fully subscribed,
including its greenshoe option of Rs20 crore. SBI Caps
was the arranger to the issue. The issue was in two tranches
for 87 months & 123 months with interest at 7 per
cent and 7.05 per cent p.a. respectively. The issue closed
on Wednesday.
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Waiver
for qualified Financial Planners
Mumbai: The Insurance Regulatory and Development
Authority has exempted qualified chartered financial planners
from the mandatory 100 hours of training. The Association
of Financial Planners is lobbying with the government
to make the Chartered Financial Planner (CFP) certification
mandatory for distributors and other participants in the
financial services industry. The association is also changing
its name to Financial Planning Standards Board of India.
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