The Hindu Business Line : Thursday, December 01, 2005

Societe Generale to offer wealth management services
SG PRIVATE Banking (Asia-Pacific), an arm of the French banking group, Societe Generale, announced the launch of its private banking facility in India on Wednesday. To start with, the new entity will operate out of New Delhi and Mumbai, though ... More

INSIGHT

Time to take a leaf out of China's books
With Basel II effective from March 31, 2007, several banks may need additional capital. With the buoyant capital market, it should not be difficult for banks to raise capital from the market, especially when the sector is performing well. More

FOREX

Rupee range-bound; bond prices drop
MUMBAI: The rupee was range-bound against the dollar on Wednesday due to month-end demand and overall strengthening of the greenback. The rupee opened at 45.93/94 and closed 45.92, slightly lower than Tuesday's close of 45.89. Though ... More

INFORMATION TECHNOLOGY

Bharat Overseas Bank ATM at MG Road, Kochi
KOCHI: Bharat Overseas Bank, one of the leading private sector banks in India headquartered in Chennai, has opened ATM facility at its MG Road branch here. Mr G. Chandran, Senior General Manager, inaugurated the onsite ATM at the ... More

LIFE INSURANCE

Birla Sun Life to target SMEs for group business
BIRLA Sun Life Insurance (BSLI) is to sharpen focus on group business by foraying into new segments. As part of its new strategy, the company will be targeting the small and medium enterprise (SME) segment, which has been largely untapped by ... More

Bajaj Allianz to increase paid-up equity by Rs 60 cr
BAJAJ Allianz Life Insurance Company Ltd (BALIC) intends to raise its paid-up equity by another Rs 60 crore by December. Speaking to reporters here on Wednesday, its Chief Executive Officer and Allianz country manager, Mr Sam Ghosh, said, "The ... More

PRIVATE BANKS

JM Morgan is price stabilising agent for ICICI Bank issue
ICICI Bank, which is on its way to make a public issue, has mandated JM Morgan Stanley as the price-stabilising agent in the post-listing period. Under the arrangement, Life Insurance Corporation, named as the `greenshoe lender,' will lend ... More

FOREIGN BANKS

HSBC sells Chennai property for Rs 42 cr thru e-auction
Real estate sources say this price will push up land prices in Chennai and is bound to set a benchmark. More

CREDIT MARKET

SBI to disburse Rs 550-cr loan to SMEs in AP
STATE Bank of India will lend Rs 550-600 crore to the small and medium enterprises (SMEs) in Andhra Pradesh during the current financial year. In an interaction with traders here on Tuesday evening, Mr S.W Tanksale, Deputy General Manager, in ... More

SHORT TERM INSTRUMENTS

T-bill auctions fully subscribed
THE auctions of the 91-day and 182-day Treasury Bills were fully subscribed, according to a press release from Reserve Bank of India. The notified amount for both T-Bills was Rs 500 crore, each. For the 91-day T-Bill RBI received 43 ... More

MERGERS & ACQUISITIONS

Greater Pacific picks up 20 pc Edelweiss stake for Rs 120 cr
THE London-based Greater Pacific Capital (GPC) has picked up 20 per cent stake in Edelweiss Capital, a Mumbai-based full service investment bank, in two separate transactions, for Rs 120 crore. GPC, an investment firm founded by three former ... More

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