The Hindu Business Line : Thursday, March 29, 2007

INSIGHT
Mediclaim: A premium trouble
Unlike LIC premium and other payments under Section 80C, medi-claim premium should be paid out of taxable income only to claim the benefit of deduction. More

Banks losing appetite for bulk deposits
Net interest margins under pressure More

FOREX
Re surges to eight-year high
On the back of a cash crunch, the rupee surged to an eight-year high of 43.04/05, last seen in 1999. Banks swapped dollars for rupees to meet immediate needs, giving a fillip to the domestic currency. The rupee opened at about 43.14/15 and ... More

Call rates close lower
Banks borrowed Rs 27,395 crore from the RBI through the repo window even as call closed lower at 7-9 per cent on Wednesday against Monday's ending at 13-15 per cent. In the first one-day repo auction, RBI received and accepted ... More

IT stocks take a beating on strong rupee
`Infotech sector earns over 60% revenues in foreign exchange' More

HUMAN RESOURCES
Multiple offers, absentee recruits
Apoorva (name changed), a commerce graduate, is in a fix. She has to report for work at the Tirupur branch of an old private bank on April 4, but has constraints in moving out of Chennai. With just another week to decide her fate in this bank, ... More

New gen banks say churn is welcome
`Good talent available in rural, semi-urban areas' More

PUBLIC SECTOR BANKS
BoM extends working hours
Bank of Maharashtra has extended banking hours in its designated branches to conduct government business. During this period, counters will remain open for the purpose up to March 31, to facilitate receipt of taxes from members ... More

FINANCIAL INSTITUTIONS
3 new schemes from APSFC
The Andhra Pradesh State Financial Corporation (APSFC) has launched three new schemes - Internal Audit Service, Asset Valuation Service and Industry-Academia interaction - for the benefit of industries. The service sector enterprises and ... More

GOVT BONDS
Bond prices volatile
Bond prices were volatile on Wednesday as cash shortage remained a concern. Total traded volumes on the order-matching system were Rs 1,310 crore (Rs 1,805 crore). The sentiment was initially bearish as the call rate rose to ... More

CORPORATE BONDS
Karnataka Bank to raise Rs 150 cr
Karnataka Bank Ltd will raise Rs 150 crore via issue of tier-II bonds. The bank informed the BSE on Wednesday that the board of directors of the bank, which met on March 26, has decided to raise fund by issue of unsecured ... More

CREDIT MARKET
Coimbatore gets Rs 6,047-cr credit outlay
The 2007-08 Annual Credit Plan for Coimbatore District envisages a total credit outlay of Rs 6,046.85 crore, the highest among all districts in the State, it is said. The outlay, according to the District Collector, Mr Neeraj Mittal, is 18.79 ... More

Dancing to a different beat
Away from the smoky confines of midnight bars, she is no longer a bar dancer but an entrepreneur. "State Bank of India's initiative to create bachat ghat (self-help group) has helped me to set up a tailoring shop. It has really boosted my ... More

OVERSEAS INVESTMENTS
IOB gets back its Bangkok branch
Indian Overseas Bank got back its Bangkok branch on Wednesday into its fold, 34 years after it set up the branch and lost it to a newly set up entity called Bharat Overseas Bank Ltd. Back in 1973, soon after IOB was nationalised, Thai ... More

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