The Hindu Business Line : Saturday, June 30, 2007

PREFERENTIAL ALLOTMENTS
HDFC Bank share allotment
Mumbai, June 29 HDFC Bank Ltd has allotted 1.36 crore equity shares of the face value of Rs 10 each for cash at a premium of Rs 1013.49 per share to Housing Development Finance Corporation Ltd on preferential basis.According to an ... More

REGIONAL RURAL BANKS
Gramin bank unions’ strike call
Coimbatore, June 27 The Joint Forum of Gramin Bank Unions has given a call for a two-day strike in all regional rural banks (RRBs) on June 29 and 30 to press their demand, which among others include pension settlement, parity with sponsor ... More

FOREX
Forex reserves up by $1.53 b
Mumbai, June 29 Forex reserves have increased by $1.534 billion to $212.549 billion for the week ended June 22 on revaluation of non-dollar currencies against the dollar and RBI’s intervention in the forex market. “There have been ... More

Rupee gains on strong $ inflows
The rupee strengthened by almost 13 paise on strong dollar inflows. The home currency opened at 40.82 and closed at 40.70, against the previous close of 40.83 on Thursday. “The month end demand from importers is almost over and the domestic ... More

INFRASTRUCTURE
International Finance Tec-City for Gujarat
To be set up in 500-acre area More

SOFTWARE
Sri Lankan selects FinnOne
NDB Bank of Sri Lanka has selected Nucleus’ flagship product — FinnOne Retail Suite on Oracle Database and Oracle Fusion Middleware — for implementation across its 32 branches in that country. For Nucleus, this is said to be a ... More

HOUSING FINANCE
NHB plans counsellors for assisting loan seekers
Will give clear information on consequences of borrowing More

RBI & OTHER CENTRAL BANKS
RBI mulls creating ‘housing stat index’
Working on surveys to measure inflationary expectations More

GOVT BONDS
Bond prices remain flat
Mumbai, June 29 The bond prices ended almost flat. The yield on the 10-year paper closed at 8.18 per cent on Friday, similar to the previous close as expectations of auctions faded. “The surplus cash has been completely sucked out so RBI ... More

CREDIT MARKET
Corporation Bank targets Rs 100 cr for education loan
Mangalore, June 29 Corporation Bank — which had an outstanding of Rs 269 crore in the education loan portfolio in the last fiscal — intends to disburse additional Rs 100 crore during the current fiscal, according to Mr K.L. ... More

SHORT TERM INSTRUMENTS
Call rates close lower
Mumbai, June 29 The inter-bank call rates closed lower at 6-6.25 per cent on Friday against the previous close of 7.5-8 per cent. The call today opened at 9-9.5 per cent and saw an intra-day low of 3.25 per cent before closing the day at ... More

Nabard refinance to RRBs
The National Bank for Agriculture and Rural Development (Nabard) has sanctioned a short-term refinance assistance of Rs 244.75 crore to the two regional rural banks (RRBs) operating in Kerala for 2007-08. Of this, the South Malabar Gramin Bank ... More

MERGERS & ACQUISITIONS
Govt buys RBI’s entire stake in State Bank
Valuation worked out as per SEBI guidelines More

OUTLOOK
India may become third largest banking market by 2040: Survey
Chennai, June 29India is likely to emerge as the third largest domestic banking market in the world by 2040 and could grow faster than China in the long run, according to a report by PricewaterhouseCoopers called ‘Banking in 2050: How ... More

PEOPLE
Ministry not for Govt nominees in PSBs’ panel
More