The Hindu Business Line : Friday, January 12, 2007

OVERSEAS BORROWINGS
ICICI Bank raises $2 b thru overseas bond issue
ICICI Bank said on Thursday that it has raised $2 billion through a three-tranche bond issue overseas. These include a cumulative subordinated notes offering of $750 million qualifying as Upper Tier II capital and dual tranche senior notes ... More

FOREX
Rupee ends a tad lower
The rupee was range-bound against the dollar to trade between 44.55 and 44.60. The domestic currency opened lower at 44.62 and closed at 44.59/60 against the previous close of 44.55/56. There was oil-related buying by foreign ... More

FINANCIAL PERFORMANCE
HDFC Bank Q3 net rises 31.7 pc on interest income
Rise in forex earnings, derivatives transactions pushes up other income More

HOUSING FINANCE
Mahindra Fin sets up rural housing finance unit
Diversifies into 2-wheeler segment, eyes overseas operations in US More

RBI & OTHER CENTRAL BANKS
Move to allow RBI to set lower SLR floors
The Union Cabinet on Thursday approved the promulgation of an ordinance to amend the statutory liquidity ratio (SLR) to ensure greater credit flow to industry. To achieve this, the Government intends to empower the Reserve Bank of India to set ... More

PUBLIC SECTOR BANKS
SBI redesigned branch opened
State Bank of India's first redesigned branch in the city was inaugurated on Thursday at the Salt Lake Electronic Complex. Under "Operation Samay", the bank is going to redesign all its branches to provide better services to its ... More

INTEREST RATES
Corporation Bank hikes deposit rates
Corporation Bank has increased interest rates on domestic term deposits with effect from January 9. A bank release said on Wednesday that for term deposits of less than Rs 15 lakh, the revised interest rates are: 5.25 per cent ... More

GOVT BONDS
Bond prices track US yields
Bond prices were almost unchanged on few trades. Total traded volumes on the order matching system were Rs 1,035 crore (Rs 2,800 crore). Dealers said bond prices were tracking US yields, which edged up by two basis points to 4.68 ... More

SHORT TERM INSTRUMENTS
Call rate unchanged at 8-8.25 pc
Call rate was unchanged at 8-8.25 per cent. Banks borrowed over Rs 19,000 crore from the RBI at 7.25 per cent against Rs 18,000 crore on Wednesday. Liquidity is expected to be under pressure on Friday as banks will cover for the ... More

MERGERS & ACQUISITIONS
Sangli Bank allowed to hold EGM on Jan 15
The Company Law Board (CLB) has allowed Sangli Bank to hold an extraordinary general body meeting on January 15 during which the shareholders of the bank are to take up the issue of merger with ICICI Bank. In an interim order, the CLB Chairman ... More

OVERSEAS INVESTMENTS
BoB charts new global biz strategy
To create overseas hubs in London, Hong Kong, Johannesburg and Dubai More

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Cross Currency Rates

CavinKare plans mid-market colognes, perfumes foray

BoB charts new global biz strategy

`FDI projected to exceed portfolio investments'

India's growing water crisis

ICICI Bank raises $2 b thru overseas bond issue

`New breed employees are restless'

Looking back
Dec. 31-Jan. 6
Fire cover tariffs drop as free pricing kicks in

New round of lending rate hikes

`Consumers expect lower insurance premiums'

ING group in talks with India Post

RBI fiat on property evaluation

Inflation trend on expected lines: Reddy