Bonds dip as rupee remains steady
Mumbai: The domestic currency closed at 46.35, almost unchanged from its previous closing levels. Bond prices declined by around 50 paise across maturities.
Forwards Market: The six-month premium ended at 2.10 per cent (1.99 per cent) while the one-year premium ended at 1.82 per cent (1.73 per cent).
G-Secs: The 7.37 per cent 2014 paper settled lower at Rs.110.35/40. The 11.83 per cent 2014 closed at Rs.137.25 and the 12.32 per cent 2011 at Rs.130.10.
Call rates: At 4.25 per cent levels in the inter-bank market.
CBLO: 122 trades were conducted amounting to Rs.3,639.15 crore in the rate range of 4.10-4.35 per cent.
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Govt. borrowings down at Rs.55,000 crore
New Delhi: The Government has completed market borrowings of Rs.55, 000 crore till September 3, which amounts to 36.50 per cent of its gross budgeted borrowings of Rs.1,50,681 crore for the current fiscal.

A report prepared by PNB Gilts said that the gross borrowing during April-September last year was Rs.1,06,434 crore.
During the next fortnight, the Government aims to borrow Rs.6, 000 crore through 5- to 9-year papers and another Rs.4, 000 crore by way of 15- to 19-year papers.

The Centre's net borrowings have come down to Rs.17, 224 crore so far this fiscal, from Rs.77, 966 crore during the same period last fiscal.
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PNB inaugurates its office in Shanghai
New Delhi: The Punjab National Bank (PNB) has opened a representative office in Shanghai. The Shanghai Office will act as single window for providing necessary guidance to the business community in China, a PNB release has said.

The office was inaugurated by the Chairman and Managing Director of PNB, S. S. Kohli. The Consul General of India in Shanghai, Sujan R. Chinoy, was also present at the inauguration ceremony.

PNB has recently opened a full-fledged branch in Kabul that was the first branch of an Indian bank in that country. The bank already has a representative office at London and has decided to upgrade its representative office at Almaty (Kazakhstan) into a banking subsidiary for providing a complete range of banking facilities.
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Health cover for Andhra Bank credit cardholders
Hyderabad: The ANDHRA Bank has decided to offer health insurance facility to its credit cardholders in alliance with United India Insurance Company.

The facility, AB Arogyadaan, is intended at taking care of the medical bills consequent to hospitalisation including Accident Trauma Care. It is a group mediclaim policy that covers a family of four towards any hospitalisation expenses against payment of a nominal single premium equivalent to one person's mediclaim cost.
According to the Andhra Bank the new product is distinctly superior to the various hospitalisation insurance schemes sold by companies under mediclaim and the scheme has become immensely popular, evident from the fact that 35,000 families have patronised it within two months of its launch.

The premium remains uniform irrespective of age of the members. The age limit for the first time coverage is fixed at 65 years and for renewals it is extended up to 80 years.
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