The Hindu Business Line : Saturday, December 24, 2005

Forex reserves surge by over $1 billion
THE country's foreign exchange reserves surged by over $1 billion for the week ended December 16, on the back of an increase in foreign currency assets. According to the Reserve Bank of India's Weekly Statistical Supplement, foreign exchange ... More

Rupee moves up; bonds firmer
MUMBAI: The rupee appreciated against the greenback in tandem with other major currencies on Friday and on the back of good inflows seen during the week. The domestic currency opened at 45.08 and touched an intra-day low of 45.2250. It ... More

PUBLIC SECTOR BANKS

SBI on `Tiny' drive in rural areas
STATE Bank of India is looking to expand the reach of its retail products such as personal loans, life and medical insurance to rural areas, through its latest initiative `SBI Tiny.' Tiny is the bank's no-frills savings account for the rural ... More

FOREIGN BANKS

ABN-Amro signs up Euronet to deploy 300 branded ATMs
ABN-Amro bank has signed a five-year ATM outsourcing and deployment agreement with Euronet India. As per this agreement, Euronet will be setting up 300 ABN-Amro branded ATMs. In this case Euronet will provide end-to-end ATM outsourcing ... More

FINANCIAL INSTITUTIONS

Suryalakshmi Cotton gets IDBI term loan
SURYALAKSHMI Cotton Mills Ltd has informed the BSE that Industrial Development Bank of India has sanctioned a rupee term loan of Rs 70 crore under technology upgradation fund scheme. The loan is to part-finance the creation of additional ... More

TRENDS

Survey finds ATMs are under-utilised in Hyderabad
A MAJORITY of ATM (Automated Teller Machine) users in Hyderabad, like elsewhere, use the machines mostly for cash withdrawals. Not many of them use the machines for other purposes such as dropping cheques. About 80 per cent of the respondents ... More

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