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Friday, March 24, 2006
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MONEY & BANKING

COURTS/LEGAL ISSUES


HC fiat to TN Mercantile Bank on AGM
A Division Bench of the Madras High Court on Tuesday extended the time limit to Tamilnad Mercantile Bank to hold its 83rd annual general meeting by June 30, 2006. A single judge had by an order dated September 28, 2005 declared as null and void ... More

FOREX


RBI staff oppose full convertibility
The All India Reserve Bank Employees Association (AIRBEA) has reacted sharply to the Reserve Bank of India's decision to appoint a committee to work out the modalities for full capital account convertibility of the rupee. In a ... More

Rupee weakens on dollar demand
The rupee depreciated against the dollar on the back of heavy demand for the greenback. The domestic currency opened at 44.52 and touched an intra-day high of 44.5725. It closed the day at 44.5475, down from Wednesday's ... More

GENERAL INSURANCE


Bajaj Allianz ties up with SpaceCo
Cover for space programmes in India More

DEBT MARKET


Bond prices up as liquidity eases
In the bond market, prices edged up slightly due to the marginal easing of liquidity. Dealers said the marginal reduction in the borrowing of banks from RBI through the repo window and the call rate easing below 7 per cent ... More

PUBLIC SECTOR BANKS


SBI Act changes okayed
It facilitates share sale, stock split in associate banks More

The story of SBI associate banks
PRINCELY ORIGINS More

SHORT TERM INSTRUMENTS


Call rate at 6.9-7 per cent
The call rate closed on Thursday at 6.90-7 per cent (7.10 per cent). In the one-day reverse repo, under the liquidity adjustment facility, the RBI accepted one bid, amounting to Rs 100 crore and 24 bids for Rs 15,135 crore ... More

MERGERS & ACQUISITIONS


SIB stake sale nets ICICI Bank Rs 7.6 cr profit
The sale of 6.71 per cent stake of ICICI Bank in South Indian Bank raises the FII holding in the latter to 22.9 per cent. More

ECONOMIC OFFENCES


`Fraud risk preparedness very low'
`Corporate India concerned' More



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