The Hindu Business Line : Friday, November 17, 2006

FOREX
Rupee gains 40 paise
The rupee strengthened by almost 40 paise on good dollar supplies in the market. Foreign banks were aggressively selling dollars. The market suspects that banks received dollars from some countries in South-East Asia, said a ... More

INFORMATION TECHNOLOGY
Centurion Bank to use SAS tool
Centurion Bank of Punjab (CBoP) has tied up with software services company SAS Institute India Pvt Ltd to strengthen its customer services. The "SAS Banking Intelligence solution suite" will help the bank in customer ... More

NBFCS
Finance cos on a fund-raising spree
CitiFinancial total income rises 54 pc More

RBI & OTHER CENTRAL BANKS
Concern over RBI's move to de-link public debt management
`States in the North East will be hit hard' More

No lock-in period for NRIs' sale proceeds
The RBI has dispensed with the lock-in period for remittance of sale proceeds of immovable property of NRIs or Persons of Indian Origin from their Non-Resident Ordinary (NRO) accounts in India. The remittance of such sale proceeds was subject to ... More

`Bank boards must check for compliance'
The board of directors of banks will be responsible for ensuring that an appropriate compliance policy is in place to effectively manage compliance risk faced by banks, said the Reserve Bank of India in a notification issued on ... More

PUBLIC SECTOR BANKS
Indian Bank achieves financial inclusion target
1.25-lakh `no frill' account holders from Puducherry covered More

GOVT BONDS
Bonds fall tracking US treasury yields
Bond prices fell by around 10 paise tracking US treasury yields. The total traded volume on the order matching system was lower at Rs 2,655 crore (Rs 8,415 crore). Dealers said that US treasury yields hardened by 4 basis ... More

SHORT TERM INSTRUMENTS
Call rates rule at 7.1-7.2 pc
Call ruled between 7.1 per cent and 7.2 per cent against 7 and 7.1 per cent on Wednesday. In the first one-day reverse-repo auction and repo auction under LAF, the RBI did not receive or accept any bid. In the second one-day ... More

E-COMMERCE & E-BUSINESS
Karnataka Bank offers new facility
Karnataka Bank Ltd has enabled its real time gross settlement (RTGS) facility - MoneyQuick - under Internet banking. A bank release said here that customers using the bank's Internet banking facility would be able to ... More

PERFORMANCE
Banks post strong earnings growth in second quarter
Higher yield on advances, fall in bond yields appear to be key factors More