The Hindu Business Line : Tuesday, June 13, 2006

INSIGHT
What the upsurge in global capital flows indicates?
International capital markets have been very active in the past year, especially in terms of movements in and out of developing countries. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh examine the recent pat terns and their implications. More

FOREX
Rupee ends a tad higher
The rupee opened the week on a positive note as it gained slightly against the US dollar. However, trading was lacklustre with the Indian currency moving in a narrow range of 45.87-45.89 for a major part of the ... More

SOFTWARE
Reveleus bags Wachovia deal for Basel II solution
Sees good traction in Indian market More

HOUSING FINANCE
StanChart ups home loan rates by 50 bps
Standard Chartered Bank has increased its home loan rate by 50 basis points with immediate effect. The new rate on floating loan is 9.5 per cent and on fixed loan it is 10.5 per cent, said a spokesperson of the bank. Home loans form about 50 ... More

LIFE INSURANCE
ULIP schemes find fresh demand
Customers keen to leverage the lower NAVs to their advantage More

HUMAN RESOURCES
PSBs lag private peers in profits per employee
Citibank way ahead of competitors More

High attrition at HDFC Chubb
Staff blame talks of split; poaching, says management More

PRIVATE BANKS
Dhanalakshmi Bank targets 40 pc growth
Dhanalakshmi Bank has set an ambitious target of over 40 per cent growth for the current fiscal. The bank expects its total business to touch Rs 6,000 crore from Rs 4,223 crore in the last fiscal. It also plans to increase net profit from Rs ... More

PUBLIC SECTOR BANKS
Vijaya Bank to raise Rs 350 cr as tier II capital
Targets 150 pc rise in profits More

RBI slaps Rs 5-lakh fine on Canara Bank
The Reserve Bank of India today imposed a fine of Rs 5 lakh on Canara Bank for violation of CRR and SLR norms. In a press release issued today, RBI said, "The bank had been following an estimation method for reckoning the external liabilities ... More

Andhra Bank deposit mop-up drive
Andhra Bank's Mumbai zone is organising a month-long deposit mobilisation campaign called `AB Deposit Utsav 2006' to increase its retail business. As part of the campaign the bank will mobilise low cost deposits and target ... More

GOVT BONDS
Bearish trend in bonds
Sentiment in the bond market was bearish and traded volumes were low. Prices opened 10 paise lower than Friday's closing and there was little buying interest. Dealers said that the RBI Governor, Dr Y.V. Reddy's statements about ... More

SHORT TERM INSTRUMENTS
Call rates remain unchanged
Call rates remained unchanged between 5.75 and 5.85 per cent. In the first one-day reverse repo auction under Liquidity Adjustment Facility, Reserve Bank of India received and accepted 24 bids amounting to Rs 30,355 crore and in ... More

TRADE & LABOUR UNIONS
PSB unions to meet on June 15
A meeting of the Indian Banks Association (IBA) and the All India Bank Officers Association (AIBOA) is slated for June 15 at Chennai. The discussion is expected to centre on compassionate appointment and introduction of second option on ... More

OUTLOOK
Banks' profits set to take a knock in first quarter
Higher loan provisioning, depreciation losses main reasons More

Cross Currency Rates