The Hindu Business Line : Monday, July 02, 2007

Banking bonanza
If the recent declaration of Kerala as the first ‘Total Banking State’ in the country spells the start of a new trend, Kerala may well be on a new path of banking development. More

FOREX
Top 10 cos raise $3.1 billion through FCCBs
Mumbai, July 1 Ten Indian companies have raised a total of $3.1 billion through issue of foreign currency convertible bonds (FCCBs) in the first half of 2007, as per the financial data released by Bloomberg on Sunday. The total volume ... More

HOUSING FINANCE
GIC Housing to expand operations
Hyderabad, July 1 GIC Housing Finance Ltd (GICHF) has decided to participate in a big way in the ambitious State mass housing project – Rajiv Swagruha Scheme. It has created corpus of Rs 100 crore to extend loans to the ... More

DEBT MARKET
Bond yields harden on RBI intervention
Bangalore, July 1 Bond yields hardened after strong interventions by the Reserve Bank of India and signals that this stance would continue for some more time. In a speech, the RBI Governor, Mr Y.V. Reddy, conveyed that the preference ... More

CREDIT MARKET
Nabard jubilee seminar to focus on agri credit
The National Bank for Agriculture and Rural Development (Nabard) is organising a ‘National Seminar on Agricultural Credit’ on the occasion of its silver jubilee celebrations on July 3 and 4. In the back drop of the massive ... More

TRADE & LABOUR UNIONS
Staff union assails SBI stake takeover by Centre
Thiruvananthapuram, July 1 State Banks’ Staff Union, Kerala Circle, has flayed the Centre’s Ordinance taking over Reserve Bank’s 59.73 per cent stake in State Bank of India (SBI).The ordinance will weaken the public ... More

EVENTS
100% financial inclusion likely in Karnataka by Sept-end
Udupi, July 1 Bankers in Karnataka were committed to ensure that 100 per cent financial inclusion is achieved in all the districts of the State by September 30, according to Mr C.P. Swarnankar, Chairman and Managing Director of Syndicate Bank ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Bond yields harden on RBI intervention

Gold medium term prospects positive

Raja rejects telecom industry plea to cut USO levy

Bill on new company law in winter session: Gupta

As clear as founts in July

Looking back
Jun. 24-Jun. 30
Bonds advance on reserve money accretion, waning inflation

Follow-on offer not to impact ICICI Bank weightage

On purchasing power parity, the rupee is undervalued substantially

`Reverse mortgage scheme will take time to gain acceptance'

Central banks' nightmare: Liquidity and leverage

Banks raising Tier-II capital funds at over 10%

RBI mulls creating ‘housing stat index’