The Hindu Business Line : Tuesday, August 29, 2006

FINANCIAL SERVICES
GTF's factored assets cross Rs 1,000 cr
Global Trade Finance Ltd (GTF) has crossed factored assets size of Rs 1,000 crore in July 2006. The non-banking finance company's performance can be attributed to over 100 per cent year-on-year growth in assets since its ... More

INSIGHT
Chidambaram is right and wrong
The Finance Minister's letter asking banks to consider keeping any hike in PLR in abeyance may have created much consternation, but he did this in a transparent fashion, which deserves credit. But his utterances on bank mergers may be a different ket tle of fish. More

Institutionalising money-lending?
Registering money-lenders to give cheaper loans to farmers is not going to solve farmers' problems. The solution has to be found from within the banking framework, by making it provide credit to landless labourers, marginal farmers and women entrepre neurs. More

FOREX
Re gains against dollar
The rupee gained against the greenback due to dollar selling by some foreign banks, leading to depreciation in the value of the US currency, said a dealer at a private bank. The home currency opened at 46.57, but recovered to ... More

LIFE INSURANCE
BoI ties up with Dai-Ichi, Indian partner to enter life insurance
To hold majority stake; third partner not finalised More

GENERAL INSURANCE
New India Assurance underwriting profit dips
Mumbai flood claims a major cause More

PRIVATE BANKS
J&K Bank to step up non-fund based income
J&K Bank, which had recently donned a new brand identity, plans to grow the share of its non-fund based income, in the total income, to 25 per cent over the next few years as part of its strategy to have a stable and secular growth in ... More

Karnataka Bank new ATM
Karnataka Bank Ltd has opened an ATM at Bangalore City Civil Court. A bank release said here on Monday that with this, the total number of the bank's own ATMs went up to 77. Mr Justice Cyriac Joseph, Chief Justice of Karnataka ... More

PUBLIC SECTOR BANKS
BoB gets nod for full-fledged branch in Hong Kong
Bank of Baroda has received licence from the Hong Kong Monetary Authority for conversion of its existing operations into full-fledged banking operations, a press release from the bank said. As a branch, the new entity is permitted to accept ... More

GOVT BONDS
Bond prices up marginally
The bond market was volatile with the price of the benchmark 10-year paper moving in a band of 30 paise. Though the market saw buying in the morning, there was a sell off on talks that oil bonds may be given the status of ... More

SHORT TERM INSTRUMENTS
Call rates unchanged
Call rates remained unchanged between 6.00 and 6.10 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 23,555 crore and in the second one-day ... More

MERGERS & ACQUISITIONS
`Govt must allow PSBs to take over private banks'
The All-India Private Sector Bank Officers' Federation (AIPSBOF), a wing of All-India Bank Officers' Confederation (AIBOC), has urged the Union Government to officially permit the public sector banks (PSBs) to negotiate with promoters of the ... More

VENTURE CAPITAL
SBI Cap, Softbank Investment to launch $100-m VC fund
To invest in knowledge-based industries in India More