The Hindu Business Line : Thursday, September 21, 2006

FOREX
Rupee gains marginally
The rupee gained by about 10 paise against the dollar on Wednesday to close below 46, a level last seen three months ago. A stronger Japanese yen and a downward movement in oil prices aided the domestic currency. Last time the ... More

STOCKS
IGF seeks probe into trading in UWB
Investors Grievances Forum (IGF) has demanded an investigation into the trading in shares of United Western Bank prior to the announcement of the amalgamation of the bank with IDBI. Dr Kirti Somaiya, ex-MP and President of the Forum, asked the ... More

SOFTWARE
New i-flex product
i-flex solutions, an information technology company, has launched a new product particularly for banking transactions. Called "i-flex process framework for banking" (iPFB), the new product, according to the company, will help banks tackle ... More

CONSUMER FINANCE
Maruti, Magma Leasing in pact for car financing
Tie-up in line with MUL's plan to sell more in semi-urban, rural areas More

LIFE INSURANCE
Birla Sun Life to infuse more capital
Birla Sun Life Insurance expects to bring in another Rs 150-200 crore of additional capital over the next two years or so in line with its growth projections. The company, which has recently injected a fresh Rs 30 crore, is looking at a marked ... More

GENERAL INSURANCE
Insurers drop demand to cap motor cover liabilities
Data shows problem is with number of claims, not value More

PUBLIC SECTOR BANKS
BoB starts Singapore operations
Bank of Baroda inaugurated its Singapore operations with an offshore banking unit. The Finance Minister, Mr P. Chidambaram, inaugurated the office, which is bank's 60th overseas office, said a press release from the bank. The offshore unit will ... More

GOVT BONDS
Bond prices surge
Bond prices continued its rally with a single day gain of 75 paise on Wednesday. Dealers said Indian bonds were tracking the easing US bond yields. The total traded volume on the order matching system was Rs 8,605 crore (Rs 5,400 ... More

CREDIT MARKET
Government set to regulate micro financing
Majority of people lack access to bank credit; linkages not uniform and delivery limited More

RBI move to curb bank lending to SEZs
In a move to restrict bank finance to Special Economic Zones (SEZ), the Reserve Bank of India on Wednesday decided to treat bank loans for setting up SEZs and for acquisition of units in SEZ as banks' exposure to the commercial real estate sector ... More

SHORT TERM INSTRUMENTS
182-day T-bill auction oversubscribed
The RBI did not accept all the bids in the 91-day treasury bill auction while the 182-day treasury bill auction was over subscribed on Wednesday. The notified amount for the 91-day treasury bill was Rs 2,000 crore, of which Rs 1,500 was the MSS ... More

ALLIANCES & JOINT VENTURES
Room for east-based bank in the alliance
The three allying banks — Corporation Bank, Indian Bank and Oriental Bank of Commerce — have said that there is room for one more partner in the `strategic business alliance'. They have said that they are not averse to an east-based ... More

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Cross Currency Rates
Pick a Winner Stock Market Contest

RBI move to curb bank lending to SEZs

Insurers drop demand to cap motor cover liabilities

Vegetable oil market likely to move lower

Processing time for US licence for exports to India reduced

Gold: Why is India's influence not worth its weight?

NTPC sells fly ash to DMRC, IOC, cement majors

Looking back
Sep. 10-Sep. 16
PSBs to make good agri lending by co-op banks

Roadmap or rocky road?

`Look beyond the obvious, mine for the hidden jewels'

Bonds remain firm on weak oil prices

The bankrupt superpower

Banks do fine balancing on corporate advances

Forex reserves fall by over $1 b

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