The Hindu Business Line : Wednesday, October 11, 2006

INSIGHT
Covered Interest Rate Parity
Second Tarapore panel `uncovers' little
The second Tarapore Committee on Fuller Capital Account Convertibility (STC) cites the following recommendation of the first Tarapore Committee (FTC) of 1997: "The RBI should have a Monitoring Exchange Rate Band of +/- 5.0 per cent around the ... More

Need to deconstruct bank failures
Only an unbiased study of failed banks would lead to a meaningful strengthening of the sector in the real sense and not through mere display of figures. More

The Inflation-Globalisation connect
Jackson Hole attracts the best and the brightest. It is a sort of central bankers' Woodstock (difficult though it is to imagine them letting their hair down) in a picturesque location in Midwest US. The assemblage this year listened, among other ... More

FOREX
Rupee weakens further
The rupee weakened by around 9 paise on Tuesdday tracing the Japanese yen against the US dollar. "The home currency is under pressure as dollar strengthened overseas," said a dealer at a private bank. "The nuclear test by North ... More

LIFE INSURANCE
Janashree Bima Yojana scheme
The Coimbatore division of Life Insurance Corporation of India has covered 8,680 lives under the Janashree Bima Yojana scheme during the current year, according to a release. This group insurance scheme is designed for people ... More

GENERAL INSURANCE
Apollo Hospitals may tie up with German insurer
A notification to the Bombay Stock Exchange by Apollo Hospitals Enterprise Ltd indicates that the corporate hospitals major is contemplating entry into health insurance. The notification says that the company's board had authorised the Apollo's ... More

RBI & OTHER CENTRAL BANKS
No `safety net' to public issues, RBI tells banks
No income to correspond with the risk of loss built More

PRIVATE BANKS
South Indian Bank plans to change logo
For a `national or global image' More

PUBLIC SECTOR BANKS
Indian Bank project for Dharavi
Indian Bank has launched a `Financial inclusion project' at the Dharavi slums in Mumbai. It has opened around 2003 "no frills" accounts in this area. At Dharavi, most of the inhabitants are employed in factories and eateries and ... More

FINANCIAL INSTITUTIONS
IFC ready to lend more
International Finance Corporation, the private sector funding arm of the World Bank, on Tuesday said that but for the regulatory restrictions on the Indian financial sector, it could be investing more in the sector. (The Reserve Bank of India ... More

GOVT BONDS
Bond prices up
Bond prices moved up by around 25 paise following the announcement of the Rs 9,000-crore auction scheduled for October 13. Traded volumes on the order matching system were Rs 3,465 crore (Rs 2,710 crore). Dealers are confident ... More

CORPORATE BONDS
Union Bank bonds sale
Union Bank of India has raised an additional capital of Rs 300 crore through an offering of Hybrid Tier I Capital. The issue opened on October 9 and closed the same day fully subscribed. The perpetual bond, having a call ... More

SHORT TERM INSTRUMENTS
Call rates unchanged
Call rates were unchanged at 6.35 per cent-6.4 per cent. In the first one-day reverse repo auction under LAF, the RBI received and accepted eight bids amounting to Rs 16,980 crore and in the second one-day reverse repo auction, ... More

ALLIANCES & JOINT VENTURES
HDFC Bank in pact with India Post
HDFC Bank has tied with up with India Post, Karnataka Circle, to offer loans to investors in small savings schemes. The loans would be in the nature of overdraft facilities against National Savings Certificates and Kisan Vikas ... More

Dena, Union Bank tie up with SFAC
Dena Bank and Union Bank of India have tied up with Small Farmers' Agri-business Consortium (SFAC) to facilitate growth of agri business. Under the arrangement, SFAC will provide venture capital assistance and project development ... More

E-COMMERCE & E-BUSINESS
Doha Bank, SBI to tie up for e-remittance services
Pact to be signed on Thursday; project finance deal may follow More

CO-OPERATIVES
Cosmos Bank in pact with IDRBT for ATM network
e-broking facility to be introduced soon More

ECONOMIC OFFENCES
IBA concern over home loan frauds
Survey of banks under way More

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Looking back
Oct. 1-Oct. 7
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