The Hindu Business Line : Thursday, July 13, 2006

FOREX
Rupee plunges on blast impact
Tuesday's serial bomb explosions in Mumbai did have an impact on the rupee. The currency dipped to 46.24 on dollar buying in thin trade. The domestic currency opened at 46.27/28 and moved in the range of 46.20-46.22 to finally ... More

INFORMATION TECHNOLOGY
Vijaya Bank launches CBS at Ujire
Vijaya Bank has introduced CBS (core banking solution) at its Ujire branch in Dakshina Kannada district. A bank release said here that Ujire branch is the third branch in the Mangalore region and 310th in the country to implement ... More

LIFE INSURANCE
Insurance claims process for Mumbai blast victims made easy
Insurance companies have offered a simplified claims processing procedure for victims of the Mumbai serial blasts. LIC said it would waive off investigation of claims in the case of policies of sum-assured up to Rs 2 lakh. The corporation will ... More

GENERAL INSURANCE
Kin of blast victims can claim up to Rs 4 lakh from Railways
The insurance policy is being run by the four public-sector insurance companies but is being administered by United India Insurance. Families can claim up to Rs 4 lakh in the case of death More

RBI & OTHER CENTRAL BANKS
Norms for classification of banks' investments in securities revised
RBI sets terms for shifting from and to held-to-maturity category More

PUBLIC SECTOR BANKS
PNB to infuse £25 million into UK arm
Punjab National Bank (PNB) plans to make a capital infusion of about £25 million in its subsidiary in the UK. This subsidiary came into being in April. Awaiting nod "We will be injecting £25 million (as capital) ... More

INTEREST RATES
PSBs oppose deregulation of savings bank rates
Some say it will lead to excessive volatility in both deposit and lending rates More

GOVT BONDS
Bonds recover on buying support
The bond market was erratic as there was lot of selling and buying support. Prices opened lower, but recovered on buying to settle at almost the same levels as the previous close. While the selling was by primary dealers, it ... More

SHORT TERM INSTRUMENTS
T-bills auction
The Reserve Bank of India has released the auction results for 182-day treasury bills and 91-day treasury bills. The auctions of the 182-day treasury-bills were not fully subscribed because of a higher cut-off price. The 91-day ... More

Call rates remain flat
Call rates remained unchanged between 5.75 and 5.85 per cent. In the first one-day reverse repo auction under the LAF, the Reserve Bank of India received and accepted 21 bids amounting to Rs 15,495 crore and in the second one-day ... More

ALLIANCES & JOINT VENTURES
SIB-Franklin Templeton ink MoU
South Indian Bank has signed an MoU with Franklin Templeton Investments to distribute its products through the bank's branches. Speaking on the occasion, Mr M. Valsan, Chief General Manager of the bank, said: "With this move, ... More

EVENTS
Keeping watch
DR Y.V. REDDY, Governor, Reserve Bank of India, (right) with Mr V. Leeladhar, Deputy Governor, at the Reserve Bank Rajbhasha Shield distribution ceremony in Mumbai on Wednesday. ... More

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Cross Currency Rates

`Mumbai blasts will not hurt economic growth'

Grave grief, small graces

Rlys mulls permitting pvt players to manage warehouses

Govt clarifies on farm sector FDI

TI to strengthen presence here

Insurance claims process for Mumbai blast victims made easy

OVL has two more weeks to bid for Rosneft stake

Infosys lifts entire sector's morale

Looking back
Jul. 2-Jul. 8
Bonds bearish; PSBs keen to trim tenure

`Rates set to move up'

Banks refuse discounting of bills sans ECGC cover

US growth: Upside surprise in store?

National Insurance retains Infosys deal

Liquidity comfortable, oil prices a concern: RBI

Govt reluctant to clear AICIL expansion move

Forex reserves increase by $952 m