The Hindu Business Line : Saturday, March 24, 2007

FOREX
Forex reserves up by $1.54 b
Forex reserves rose by $1.547 billion to $195.957 billion in the week ended March 16. This was mainly due to appreciation of non-dollar currencies against the dollar and net FII inflows into the domestic equity market. Foreign currency assets ... More

FINANCIAL PERFORMANCE
Thomas Cook clocks Rs 38 cr net for 14 months
Thomas Cook (India) Ltd has reported net profit of Rs 38.48 crore for the 14 months ended December 31, 2006. Helped by double-digit growth in corporate and outbound travel businesses, the company booked operating revenues of Rs 221.82 crore for ... More

LIFE INSURANCE
Kotak Old Life mulls raising capital by Rs 150 cr
Targets premium accretion of Rs 1,200 crore in 2008 More

RBI & OTHER CENTRAL BANKS
`Annual Policy Statement' on April 24
The Reserve Bank of India will present the "Annual Policy Statement for the year 2007-08" on April 24. Dr Y.V. Reddy, Governor of RBI, will meet the chief executives of major scheduled commercial banks at 11.00 a.m. on that day at the RBI ... More

Special clearing on March 30, 31
In a move to cope with the rush of tax payers as the fiscal year nears its end, special clearing (with return clearing) will be conducted "in the evening or night of March 30 and March 31," according to Reserve Bank of India. This will be ... More

FOREIGN BANKS
NCR Corp bags contract from HSBC
NCR Corporation, a company that manufactures automated teller machines, has secured a contract from Hong Kong and Shanghai Banking Corporation to manage its off-site ATM centres in the Western and Southern regions of India. NCR will provide ... More

FINANCIAL INSTITUTIONS
Infrastructure: Asian region mulls independent financing body
Committee of senior officials to be set up More

CREDIT MARKET
Maharashtra signs MoU with 3 banks
Enables biotech companies to access venture capital funding More

Oriental Bank opens pilot credit processing cells in TN
While the concept of a centralised credit processing cell (CCPC) is not new, Oriental Bank of Commerce has for the first time initiated a CCPC for a cluster of branches. Its General Manager (Corporate Credit), Mr J.P. Dua, told Business ... More

SECURITISATION
Securitisation Act bars borrower from asset sale: HC
Therefore, any tenancy created after such notice would be null and void More

FIXED DEPOSITS
New deposit schemes from Kerala State Co-operative Bank
`Reverse mortgage loan scheme' in offing More

TRADE & LABOUR UNIONS
HC fiat on FedBank staff strike
The Kerala High Court on Friday directed the Director General of Police to see that the Federal Bank employees who would go on an indefinite strike from Monday do not cause any obstruction to the free entry and exit of the officials and staff of ... More

OUTLOOK
Rate hikes may not impact banks' profitability much
Net interest margins under pressure in Q4 More

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Top Stories
Demand outstrips supply in organic foods, drinks

Forex reserves up by $1.54 b

Is `Bharat' shining more than `India'?

CBEC order allows cargo de-stuffing for foreign shippers

Biodiesel imports in the offing?

Banking channel can be bypassed after all

KG gas find: ONGC ready for conventional testing

Looking back
Mar. 11-Mar. 17
Bonds rally as liquidity, deposits surge

Reinsurance cover by GIC cut to 15% from April

LIC's yield expectations hurt bank bond issues

LIC, Corporation Bank to expand co-operation

UTI Bank plans to raise $754 m debt for buys

Lending to SEZs: `eGoM to take call on RBI's stand'