The Hindu Business Line : Tuesday, June 05, 2007

FOREX
Rupee gains slightly
The rupee slightly appreciated on Monday against the greenback on the back of dollar inflows. The domestic currency opened at 40.50/52, touched an intra day high of 40.45/46 but fell to finally end the day at 40.53/54, against ... More

HOUSING FINANCE
Bank of Baroda will soon offer loan against your home
A `reverse mortgage' scheme to be ready in three months More

CONSUMER FINANCE
Volvo Car India looking at preferred finance solution partner
Gearing up for a slew of new launches More

PRIVATE BANKS
HDFC Bank opens 19 branches in a day
HDFC Bank has opened 19 branches in a day in Delhi and the National Capital Region (NCR), outdoing its own record of 14 branches in a day in October 2005. With the launch of 19 branches on Saturday (June 2), the total number of ... More

GOVT BONDS
Bond prices fall 10 paise
Bond prices dropped on Monday by around 10 paise and yields rose by two basis points on concerns over liquidity. "About Rs 20,000 crore will be sucked out of the banking system due to MSS, G-sec and T-bill auctions this week. ... More

CREDIT MARKET
Portfolio tracking of micro-credit borrowers
More than a million small borrowers, who are approaching micro-finance institutions (MFIs), to get their financial needs will be brought into an electronic portfolio, which makes it easy to keep track of their operations. Through the ... More

SHORT TERM INSTRUMENTS
Call rates hit intra-day low of 0.25%
Call rates dropped to close at a 10-year low of 0.4-0.6 per cent on Monday and touched an intra-day low of 0.25 per cent due to excess cash in the system. On Friday, call rates closed at 0.5-0.7 per cent. Banks placed bids worth ... More

Call market volatility points to hard RBI choices
It is possible that a pick up in lending activity consumes the excess liquidity floating around currently. More

FIXED DEPOSITS
Why banks must aim for a healthy deposit mix
In the Annual Policy statement for 2006-07, the Reserve Bank of India (RBI) expressed concern over banks resorting to more non-core bulk deposits from corporates than laying greater emphasis on mobilising core retail deposits from ... More

PNB hikes FCNR (B), NRE rates
Punjab National Bank (PNB) has hiked the interest rates offered on Non-Resident Indian deposits with effect from June 1. The interest rate on dollar denominated deposits under the foreign currency non-resident (banks) scheme has ... More

TDS relief for senior citizens; exemption limit raised
Revised limit also to apply for time deposits in banks More

SBH raises NRE deposit rates
State Bank of Hyderabad (SBH) has increased interest rates on non-resident external (NRE) term deposits with effect from June 1. According to a release, on deposits from one year to less than two years, the interest rate has been ... More

INTERVIEW
`We're planning to channelise, lend more in old truck segment'
Rising interest rates increase our cost of funds: Shriram Transport Finance More

PEOPLE
Top-level changes in five banks
The Government on Monday made top-level appointments including lateral placements in five public sector banks (PSBs) to fill the vacancies created by the superannuation of a number of banks' chairmen in recent months. The five PSBs where CMD ... More

New IBA Deputy Chairman
Dr A.K. Khandelwal, Chairman and Managing Director of Bank of Baroda, has been appointed as Deputy Chairman of Indian Banks' Association (IBA). "Dr Khandelwal succeeds Mr S.C. Gupta, Chairman and Managing Director of Punjab ... More