MONEY & BANKING
FOREX
Rupee closes on high note
The rupee breached the psychological level of 43 and surged to close at an eight-year high of 42.92/93 on Thursday. The currency gained by around 16 paise as banks built short-positions on dollars. The home currency opened at ...
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PRIVATE BANKS
ICICI project in AP to be ready next year
The Rs 1,500-crore project of ICICI Bank in the Financial District here will be completed by December 2008. This was disclosed by Mr K.V. Kamath, Managing Director of ICICI Bank, to the Chief Minister, Dr Y.S. Rajasekhara Reddy, here today ...
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PUBLIC SECTOR BANKS
Bank of Baroda hikes lending rate to 13.25%
Other public sector banks may follow suit
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GOVT BONDS
Bond prices drop by 23 paise
Bond prices fell by about 23 paise and yields rose by four basis points as traders turned nervous over auctions in the current fiscal. "With inflation slipping to 6.39 per cent for the week-ended March 24 against 6.46 per cent ...
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CREDIT MARKET
Life-giving loans
SWAS helps make a small loan go a long way.
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SHORT TERM INSTRUMENTS
Call rates close at 6.5-7%
Call rates closed at 6.5-7 per cent (7-8 per cent). In the first four-day repo auction, the RBI received and accepted three bids for Rs 1,165 crore and in the reverse repo auction there was one bid for Rs 30 crore (against the ...
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CUSTOMER RELATIONSHIP MANAGEMENT
Bank branches turning into comfort zones for customers
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EVENTS
Chidambaram to meet bankers, RBI officials
Review of recent monetary tightening measures
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OUTLOOK
SBH aiming for Rs 1 lakh cr turnover this year
State Bank of Hyderabad (SBH) will be Basel-II norms compliant by September 2007. The bank, which completed 65 years today, is optimistic of achieving a business turnover of Rs 1 lakh crore by March 2008. The first branch of SBH was started ...
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PEOPLE
RBI says no to Nayak being reappointed
The Reserve Bank of India has denied approval for the re-appointment of Mr P.J. Nayak, Chairman and Managing Director, UTI Bank, when his term comes to an end on July 31. Mr Nayak has spent over seven years and six months as CMD of the ...
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