Rupee gains
Mumbai: The rupee gained a bit against the dollar on strong FII inflows and opened at 45.47 to end the day at 45.43 against Friday's close of 45.44.

Forwards: In forwards, the six-month closed at 1.67 (1.5 per cent) and the 12-month ended at 1.55 (1.48 per cent).

Call rates: Call rates ruled between 6.60-6.70 per cent against Friday's 6.40 and 6.50 per cent.

Reverse repo: In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted two bids amounting to Rs585 crore and in the second one-day reverse repo auction, seven bids for Rs2,290 crore.

Bonds: Bond prices fell by about 18 paise as traders felt that the inflation number at 5.16 per cent figure was on the high side.

G-secs: The 7.59 per cent-10 year-2016 benchmark paper opened at Rs99.60 (7.65 per cent YTM) and closed at Rs99.45 (7.67 per cent YTM) against Friday's Rs99.63 (7.64 per cent YTM). The 8.07-11 year-2017 paper remained unchanged at Rs102.50 (7.71 per cent YTM).

CBLO: The CBLO market saw 339 trades aggregating to Rs19,293.80 crore in the 6.15-6.50 per cent range.
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Govt announces issue of Rs5,000-cr worth oil bonds at 8.13 pc
New Delhi: The government has issued Rs5,000 crore worth of bonds for oil marketing companies, with a coupon rate of 8.13 pc and tenure of 15 years.
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RBI makes realty lending norms stricter
Mumbai: The Reserve Bank of India (RBI) has made the norms for lending to the real estate sector stricter.

After blocking funding for purchase of land, the central bank has further tightened its measures for checking flow of funds from banks to the real estate sector and has asked banks to ensure that credit disbursed is used only for "productive construction activity.

Among the measures the RBI is taking to control property price rise is bracketing home loans as well as loans to SEZs and units in SEZs with real estate exposures.

It has asked banks to draw up extensive prudential norms for exposure to real estate sector.

The norms would encompass ceiling on the total amount of loans to real estate, single/group exposure limits for such loans, margins, security, repayment schedule and availability of supplementary finance. Such a policy is required to be approved by the boards of banks.
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BNP Paribas infuses Rs290-cr in local arm
Mumbai: BNP Paribas has infused Rs290 crore capital in its Indian operations, taking the total capital base of the bank in India to Rs1,000 crore. The bank has put in Rs718 crore as capital in the last three years. The bank's capital adequacy at the end of March, 2006 stood at 11.61 per cent.

The bank said with the increased equity base, it would be better placed to support its corporate client's fast expansion and scale up its fixed income and treasury operations where the bank is already a leader. BNP Paribas has eight branches in India. As of March 2006, total deposits stood at Rs1,847 crore and advances at Rs1,853 crore. It has reported a net profit of Rs19 crore in 2005-06 against Rs14.75 crore a year earlier.

Total revenues in 2005-06 were Rs296.09 crore with treasury operations contributing Rs122.15 crore, almost double from Rs68.59 crore in the previous year.
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JM Financial Q2 net up
Mumbai: JM Financial has reported an increase of 39.16 per cent in net profit for the quarter ended September 30, over the corresponding quarter previous year. The net profit stood at Rs3.59 crore (Rs2.58 crore). Sources attributed the rise in Q2 net to the investment banking and NBFC divisions. Turnover rose up by 70.65 per cent to Rs4.57 crore (Rs2.68 crore). The earnings per share for the quarter are lower at Rs1.20 (Rs2.28).
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Bank of Rajasthan hikes deposit rates
Mumbai: With effect from October 16, the Bank of Rajasthan has increased the interest rate on term deposits by about 25 basis points. The interest rate on 61-90 days deposits has been marked up from 5.50 per cent to 5.75 per cent.

On deposits of one year to less than two years, it has gone up to 8.25 per cent from 8 per cent. However, the rise in rates on term deposits of five years and above is sharper at 8.50 per cent (8 per cent). Interest rates on BOR Tax Savings Scheme have gone up to 8.50 per cent from 8.25 per cent.
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Indian Bank, OBC, Corp Bank & IIFC sign agreement
New Delhi: Indian Bank, Oriental Bank of Commerce, Corporation Bank and India Infrastructure Finance Company (IIFC) have signed a Memorandum of Understanding to jointly undertake financing of infrastructure projects. Under the arrangement, IIFC would finance 20 per cent of the project cost while the rest would be shared by the three banks.
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