The Hindu Business Line : Saturday, March 11, 2006

Rupee sheds 2 paise vs dollar
The rupee declined against the dollar on Friday in line with the movement of other major currencies against the US currency. The domestic currency opened at 44.55, down from Thursday's close at 44.48. It, however, rose to an ... More

Forex reserves rise $1.5 b
RBI buying, FII inflows More

INFORMATION TECHNOLOGY

Syndicate Bank signs pact with CMC
Facilities at training centre to be upgraded More

INSURANCE

IRDA to standardise format for products
Objective is faster clearance, better transparency More

SOFTWARE

Newgen bags BoB order
Delhi-based business process management company Newgen Software Technologies Ltd today announced that it has bagged an order from Hewlett Packard (HP) for Bank of Baroda to automate its retail and trade finance processes across Regional ... More

NBFCS

SREI Infrastructure sees 50% rise in disbursements
Rs 3,500-crore loan book likely More

GENERAL INSURANCE

`Restore tax exemption on reinsurance'
The General Insurance Officers All India Association has appealed to the Union Government to restore the tax exemption on reinsurance premium. Most of the general insurance business is reinsured with foreign insurers. The burden of service tax ... More

FINANCIAL MARKETS

`RBI will manage liquidity through range of tools'
Reddy shrugs off over impact of recap bonds More

RBI & OTHER CENTRAL BANKS

ADB to double lending to India
Plans to raise $400 m from domestic market More

INTEREST RATES

No re-look at post office interest rate
Post office monthly income scheme More

GOVT BONDS

Bonds bearish
Bond prices fell by around 20 paise and the market remained bearish despite the RBI Governor's statement about central bank injecting liquidity through a package of instruments. A dealer at a private bank said that the market ... More

SHORT TERM INSTRUMENTS

Call rates lower
The overnight call rate closed at 6 per cent as against 6.60/70 on Thursday.In the first three-day auction under the LAF, RBI did not receive any bids for reverse repo, but it received and accepted 16 bids for Rs 6,790 crore in ... More

CREDIT CARDS & DEBIT CARDS

SBH to charge Rs 50 per ATM card
The State Bank of Hyderabad (SBH) has announced that an annual maintenance fee (inclusive of service tax) of Rs 50 per card would be levied on ATM cum Debit cardholders with effect from March 19. In a press release here, the ... More

TRADE & LABOUR UNIONS

SBI staff holds protest march
Officers and staff of State Bank of India took out combined protest marches in front of branches in the State on Friday in the run-up to the countrywide indefinite strike planned from April 4. Mr S. Vinayachandran (SBI Officers ... More

EVENTS

Managing liquidity
EXUDING OPTIMISM: The RBI Governor, Dr Y.V. Reddy, addressing the `8th Global Conference of Actuaries' in Mumbai on Friday. He said the RBI has injected sufficient liquidity in the last of couple of months and would continue to do so through a ... More

PEOPLE

T.N. Padmanabhan passes away
Mr T.N. Padmanabhan, former Managing Director of Sundaram Finance Ltd, passed away on Friday after a brief illness. He was 81 and is survived by his wife, a son and a daughter. A post-graduate with a qualification in law, Mr ... More

New CGM for SBI
Ms Radha Unni has taken over as Chief General Manager of State Bank of India, Kerala Circle. Announcing this, an SBI spokesman said here that Ms Unni has been holding the post of General Manager since September 2003. She joined ... More