No CDs issued by Indian banks on Friday
MUMBAI, May 8 (Reuters) - Indian banks did not issue any Certificates of Deposit (CDs) on Friday, Thomson Reuters data showed.
The yield on the Reuters benchmark three-month CD <0#INCDBMK=> fell to 3.4 percent from Thursday's 3.55 percent, and volumes in the secondary CD market fell to 1.3 billion rupees from 3.25 billion rupees on Thursday.
Corporation Bank was the only issuer of CDs on Thursday, raising 1.75 billion rupees.
Total CD issuance this week amounted to 25.3 billion rupees, up from 12 billion rupees a week earlier. Secondary volumes were flat at 13.31 billion rupees versus 13.35 billion rupees. (Reporting by Jeanette Rodrigues; Editing by Prem Udayabhanu)
© Thomson Reuters 2009 All rights reserved
UK joins G20 push for world levy on banks
Britain threw its weight behind proposals to impose a global levy on banks to fund future bailouts and called on the G20 to work toward a $100 billion deal to meet the cost of climate change. Full Article | Full Coverage
Galleon case
U.S. insider trading probe widens
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal. Full Article






India
US
UK









