The Hindu Business Line : Wednesday, March 08, 2006

Rupee sheds 4 paise vs dollar
The rupee fell slightly against the dollar in tandem with the movement of global currencies against the greenback. The domestic currency opened at 44.34 and rose to 44.3250 during the day. However, It ... More

CONSUMER FINANCE

SBT loan for bus, truck operators
State Bank of Travancore (SBT) has introduced a working capital loan scheme for private bus and truck operators. The loan is available up to a maximum of Rs 2 lakh per bus/truck for the existing customers of the bank having a route permit ... More

TMB's new vehicle loan scheme
Tamilnad Mercantile Bank Ltd, (TMB) has launched a new loan scheme by name, `TMB mini vehicle' in a tie-up arrangement with TATA Motors Ltd to provide marketing support to increase the vehicle ... More

RBI & OTHER CENTRAL BANKS

RBI directive on bank notes
Reserve Bank of India has asked all government and semi-government offices and other institutions to desist from restrictive practices while accepting cash from the public. The central bank, in a ... More

PRIVATE BANKS

ICICI to sell stake in Federal Bank to IFC
ICICI Bank has sought permission from the Reserve Bank of India to sell its entire stake in the Kerala-based Federal Bank Ltd. According to banking sources, ICICI Bank has finalised a deal with International Finance Corporation to sell its ... More

PUBLIC SECTOR BANKS

SBI to launch feedback system
State Bank of India has tied up with Nihilent, a business consulting and solutions integration company, to offer over-the-counter Customer Feedback System (CFS). Nihilent is enabling the Mumbai circle of SBI to launch CFS, making it the first ... More

FOREIGN BANKS

Macquarie Bank looks at infrastructure investments
Indian unit operations begin More

GOVT BONDS

Recap bond conversion to boost bank profits
Impact seen only in the first quarter of next fiscal More

Bonds firm up
Bonds opened higher by 40 paise on Tuesday reacting to the announcement that RBI would purchase the 7.40 per cent government stock 2035 for a notified amount of Rs 10,000 crore on a `private placement ... More

CORPORATE BONDS

Corporate bonds seem bargains
Liquidity woes in money market More

SHORT TERM INSTRUMENTS

Call rates close at 6.70 per cent
The call rate closed Tuesday's trade at 6.70 per cent (6.75-6.80 per cent). In the first one-day auction, the RBI did not receive any bids in the reverse repo. It received 19 bids for Rs 7,460 crore in ... More

REGULATORY BODIES & RULINGS

IRDA framing regulation to track `suspicious transactions'
Large premium payments to come under scanner More

CONSUMERISM

Bank directed to compensate card holder
The State Consumer Disputes Redressal Commission, Chennai, has upheld the order of the District Forum that there was deficiency of service on the part of Citibank, NA, and hence it was liable to compensate the complainant who had alleged to have ... More

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