The Hindu Business Line : Thursday, February 08, 2007

FOREX
RBI intervention impacts rupee
The rupee was virtually unchanged against the dollar for the third day, on reports of central bank intervention. Dealers said the domestic currency opened strong at 44.0750/0850 but dipped to close at 44.12/1250, against ... More

CREDIT POLICY
How to judge the effectiveness of the credit policy?
The decision to increase the repo rate by 25 basis points is clearly aimed at controlling inflation, targeted to remain within 5-5.5 per cent in the short run, while maintaining the trend towards a higher growth path. Thus begins Dr Shanto ... More

FINANCIAL PERFORMANCE
Muthoot Capital Q3 net up
Muthoot Capital Services Ltd has recorded a 144 per cent growth in net profit at Rs 70.26 lakh (Rs 28.78 lakh) for the third quarter of the current fiscal. The company posted a 137 per cent growth in profit before tax at Rs ... More

LIFE INSURANCE
ICICI Pru biz premium up 97%
ICICI Prudential Life Insurance has registered a growth of 97 per cent in new business weighted premium during the first nine months of the fiscal at Rs 2,722 crore, against the corresponding period in the previous year. According to a press ... More

PRIVATE BANKS
IDBI property sold for Rs 175 crore in Chennai
IDBI Bank on Wednesday auctioned off its 1,04,381 sq ft property on Boat Club Road, an up-market residential locality in Chennai, for Rs 175 crore. The property was bought through an electronic auction by a `high net worth individual' whose name ... More

PUBLIC SECTOR BANKS
Allahabad Bank plans more branches in South
To focus on implementing tech upgradation plan and improving staff skill More

GOVT BONDS
Bonds shed 3 paise
The bond market was dull as prices dropped by around three paise (yields went up by one basis point) as the market turned bearish ahead of the Rs 9,000-crore auction on Friday. Total traded volumes on the order matching system ... More

SHORT TERM INSTRUMENTS
Call rates fall to 6.7-7%
Call rates declined to 6.75-7 per cent against the previous close of 7.8-7.9 per cent on Tuesday. "Liquidity seems to have improved in the banking system but the market is sceptic over its continuation, " said a dealer at a ... More

FIXED DEPOSITS
Tamilnad Mercantile Bank offers new product
Tuticorin-based Tamilnad Mercantile Bank (TMB) has introduced a new deposit product called "TMB 555 Deposit Scheme" and increased interest rates on various deposit periods with effect from February 2. Under the scheme, the bank accepts ... More

TRADE & LABOUR UNIONS
RBI workers upset
The representatives of Reserve Bank Employees Union and Reserve Bank Workers' Union, in a deputation to the Regional Director of Reserve Bank of India here on Wednesday, expressed their anguish over the management's decision to ... More

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