The Hindu Business Line : Tuesday, October 24, 2006

FINANCIAL SERVICES
SBP starts depository services
The State Bank of Patiala launched its depository services, which will now enable the customers of the bank to open or maintain their demat accounts at select branches of the bank. ... More

INSIGHT
Banking by collaboration
The recent coming together in a strategic alliance of three mid-size public sector banks presages a consolidation phase in Indian banking, and endorses the fact that size does matter. More

FOREX
Rupee dips against dollar
The rupee dipped against the greenback on Monday on dollar demand ahead of a short trading week. The currency opened at 45.35/36, touched an intra-day low of 45.4250 before winding up at 45.3750, lower than Friday's close at ... More

CREDIT POLICY
Most bet on rate hike; some say status quo
Guessing game ahead of Credit Policy More

FINANCIAL PERFORMANCE
SBH net up 81 pc
State Bank of Hyderabad (SBH), the largest among the SBI associate banks, has reported a net profit of Rs 128.76 crore during the second quarter of current fiscal ended September as against Rs 71.14 crore in the corresponding quarter of previous ... More

LIFE INSURANCE
Kotak Life posts 122-pc growth in H1
Kotak Mahindra Old Mutual Life Insurance has registered a 122 per cent growth in first year premium for the half year ended September 30. The first year premium calculated by the Adjusted Premium Equivalent Method, increased to Rs 163.78 crore ... More

RBI & OTHER CENTRAL BANKS
AP may get $1 billion as World Bank loans
Funds likely for irrigation, healthcare and education More

GOVT BONDS
Bond prices fall
Bond prices fell by around six paise. With the festive season on, very few deals were put through and the market was almost flat, said dealers. "The market is also cautious ahead of the Credit Policy," said a dealer at a private ... More

SHORT TERM INSTRUMENTS
Call rates edge up
Call ruled between 7.10 per cent to 7.20 per cent against 7.00-7.10 per cent on tight liquidity. For the second day running, banks were seen borrowing from the Reserve Bank of India. In the first three-day reverse repo auction ... More

FIXED DEPOSITS
`Special' deposits get good response
Banks vie to mobilise more funds to meet needs More