The Hindu Business Line : Friday, May 04, 2007

FINANCIAL SERVICES
Reliance Money forays into gold coin retailing
Reliance Money today announced its foray into gold coin retailing with a tie-up with Valcambi SA of Switzerland. Reliance Money will now sell 24 carat 999.9 pure gold coins in denominations of 5gm and 8gm at Reliance Money and Reliance World ... More

INSIGHT
Financial inclusion — Banking on a rural shift
Bank branches in rural pockets are attracting growing business volumes. And the nationalised banks should get cracking if they are not to lose the first-mover advantage. More

FOREX
Rupee rises against the dollar
Rupee strengthened by around 8 paise against the greenback to close at 41.10 on Thursday against the previous close of 41.18. "Strong FII inflows contributed positively to the strengthening of rupee," said a dealer with a private ... More

LIFE INSURANCE
Aviva Life opens more branches
Aviva Life Insurance has launched additional 22 branches taking the total number to 42 covering Kerala, Karnataka, Tamil Nadu and Andhra Pradesh. `The four States in south India are important markets for the company and we have expanded our ... More

PRIVATE BANKS
City Union Bank plans stock-split
City Union Bank today announced its intention to do a stock-split. The RBI permitting, each share of Rs 10 will be converted into 10 shares of Re 1, the bank told the stock exchanges on Thursday. ... More

PUBLIC SECTOR BANKS
SBH to supply small coins
As part of its efforts to improve the supply of small coins, State Bank of Hyderabad (SBH) has arranging for distribution of small coins. The facility can be availed by the general public in the banks at Gunfoundry, Himayatnagar, ... More

FOREIGN BANKS
ABN-Amro India realigns retail loan portfolio
`Vigorous growth in personal loans led to a change in mix' More

GOVT BONDS
Bond prices gain 15 paise
Bond prices rose by 15 paise and yields fell by around two basis points on Thursday as market players expect lower inflation numbers this week. "Traders were not taking any major positions in the market. Volumes were also low," ... More

SHORT TERM INSTRUMENTS
Call rates end lower
Call rates closed lower at 8.25-8.50 per cent on Thursday against the previous close of 9-9.25 per cent. The RBI lent to banks Rs 7,605 crore through the repo window while banks parked Rs 35 crore under the reverse repo with the ... More

FIXED DEPOSITS
Deutsche Bank raises deposit rates
Deutsche Bank has raised interest rates on fixed deposits by 50 to 165 basis points for its retail customers with immediate effect. For deposits of 181-270 days, the interest rate has been increased to 8.75 per cent (7.10 per ... More

SBH increases deposit rates
State Bank of Hyderabad has raised interest rates on Non-Resident External term deposits with effect from May 1. The interest on deposits for a period of one year to less than two years, the interest rate has been hiked to 5.30 ... More

CUSTOMER RELATIONSHIP MANAGEMENT
Customer service — taking the call
Behind the pleasant experience that Mr Paul had, lay a determined effort by SBI to win back younger customers from its rampaging private sector counterparts. More

EVENTS
`Bancon 2007 to be a value-added event '
Bank of Baroda, which is to host the bankers' conference, Bancon 2007, plans to make it a value-added event for bankers. The Indian Banks' Association (IBA) and BoB sources are working on this mega event, slated to take place at Mumbai during ... More

CO-OPERATIVES
New India Co-op eyeing weak banks
New India Co-operative Bank is looking at acquiring weak co-operative banks. "We are looking at acquiring weak co-operative banks and have received several proposals but are reviewing them currently," said Mr Ranjit Bhanu, ... More

PERFORMANCE
HDFC Q4 net up 29% on higher loan disbursements
To pay Rs 22 per share; full-year profit surges 25% More