The Hindu Business Line : Wednesday, December 07, 2005

Reforms and privatisation: Going beyond the obvious
THE latest figures show that Indian economic growth has crossed eight per cent. But infrastructure remains poor and is unable to cope with the increasing needs of business and an increasingly affluent population. Even posh houses and apartment ... More

FOREX

Rupee edges up; bond prices dip
MUMBAI: The rupee reversed its downturn and edged up against the dollar on account of the overseas gain in currencies such as euro and pound and good inflows. The Indian currency opened at 46.28/29 and touched a high of 46.15. At this ... More

GENERAL INSURANCE

National Insurance bags prize
THIRUVANANTHAPURAM: The Kochi Regional Office of National Insurance Company has bagged the first position for the second consecutive year among public sector undertakings in the southwest region for implementing the official language ... More

RBI & OTHER CENTRAL BANKS

New Rs 50, Rs 100 notes
THE Reserve Bank of India will shortly issue new Rs 50 and Rs 100 denomination banknotes. According to a press release from RBI, the new banknotes will have inset letter `L' in both numbering panels in the Mahatma Gandhi series - 2005, ... More

PRIVATE BANKS

Centurion Bank of Punjab plans to expand in North — Chooses Finacle for unified tech platform
CENTURION Bank of Punjab will be focusing in the North in terms of branch expansion. Mr Anil Jaggia, Chief Operating Officer, Centurion Bank of Punjab, said the bank had sought permission from the Reserve Bank of India for more branch licences. ... More

IDBI Bank scouting for buys to grow
IDBI Bank Ltd, on Tuesday, said it would have a network of 500 branches by 2008 fiscal-end, up from 155 branches now, even as it scouts for acquisition opportunities in the country as part of aggressive growth plans. "All the major banks are ... More

ICICI Bank public issue subscribed 6.5 times the offer
ICICI Bank's domestic issue of Rs 5,750 crore, which closed today, was subscribed 6.53 times, according to the NSE's official Web site. The issue had a price band of Rs 505-545 a share for its public issue of shares through the book-building ... More

GOVT BONDS

G-Secs auction oversubscribed
THE auctions of the 8.07-Government Stock 2017 and the 7.4-Government Stock 2035 were oversubscribed on Tuesday. For the 8.07 paper, the notified amount was Rs 5,000 crore. The Reserve Bank of India received 291 competitive bids amounting to Rs ... More

TRADE & LABOUR UNIONS

Core banking: Unions' threat to intensify stir
A JOINT meeting of the officers' and staff unions of the Kerala Circle of State Bank of India has resolved to intensify the ongoing protests against `avoidable complications' emanating from the implementation of the core banking solution. ... More

TRENDS

Caution marks banking deals with Pakistan
POLITICAL relations may be thawing internationally, but Indian bankers are still wary of accepting LCs (letters of credit) and guarantees from their Pakistani counterparts. Till recently, most domestic banks insisted that financial transactions ... More

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