MONEY & BANKING:

No need to worry much, says RBI official. Hyderabad, Jan. 29 Eighteen banks, which include both Indian and multi-national entities, have varying degrees of exposure to the crisis-ridden Satyam Computer Services. The information, gathered by the .Rs 1,544 scheme likely to be approved by March. Hyderabad, Jan. 29 The World Bank and Andhra Pradesh Government will take up a Rs 1544-crore project to bring about reforms in urban bodies and improve .


Mumbai, Jan. 29 Bank of Baroda recorded an increase of 41 per cent in net profit at Rs 708 crore for the quarter ended December 31, 2008, against Rs 501 crore in the corresponding period last . IndianBanks have to report their cash balances to the central bank every fortnight and try to fund their needs in the first week itself, pushing call rates lower in the second week. The Reserve Bank of India said on Tuesday it will sell ...

The prices of the 8.24 per cent-2018 paper continued their downward trend as market participants looked to exit the paper. With the new 10-year paper being issued on Friday, players were looking to offload the 2018 paper, said a dealer with .SBI Life Insurance Company Ltd, the second largest private life insurer in the country, has initiated steps to expand its presence in Kerala.
The company has generated a new business premium of over Rs 250 crore from the State as on December . Mumbai, Jan.29 The Reserve Bank of India has directed banks to popularise the usage of the Real Time Gross Settlement (RTGS) facility as it has found that despite the facility being extended to more than 53,000 bank branches across the .


Hyderabad, Jan. 29 Andhra Bank’s net profit increased 33.7 per cent at Rs 212.58 crore in the quarter ended December 31, 2008 compared with Rs 159 crore in the corresponding quarter of the previous financial year. Driven by . Mumbai, Jan. 29 Dena Bank’s net profit rose 39 per cent to Rs 140 crore in the third quarter of 2008-09, riding on a substantial rise in its net ...
Chennai, Jan. 29 Lakshmi Vilas Bank has reported a five-fold jump in net profit to Rs 19.10 crore for the third quarter ended December 31, 2008 compared to Rs 3.8 crore for the same period last . The monetary policy review of January 27 is refreshing in its presentation and reflects great panache. Since September 2008, the Reserve Bank of India (RBI) has been in overdrive on monetary policy relaxation. These measures were, ostensibly, in ...


Fall in lending rates may hit NIMs, net interest income in future. Chennai, Jan. 29 Even as many other sectors have disappointed, banks have delivered impressive profit growth in the December quarter, with the average net profit growth for the . Mr N.D. Sundaresan, General Secretary of General Insurance Employees All India Association, has urged General Insurance Public Sector Association (GIPSA) management to restore compassionate appointments in the four PSU general insurance . UAE Exchange has entered into a strategic tie-up with LIC of India as its corporate agent. UAE Exchange will offer customers four LIC policies initially such as Endowment Plan, Child Plan, ULIP plan for pension and investment