The Hindu Business Line : Tuesday, July 17, 2007

Reaching nook and corner
Regional rural banks were set up to provide professionally managed banking services to small farmers and weaker sections of society in rural areas. They were to retain the feel for local issues and problems while complementing the ... More

INSIGHT
Growth and adjustment after East Asian crisis
C. P. Chandrasekhar
Jayati Ghosh More

FOREX
Rupee gains against dollar
Buoyed by dollar inflows, the rupee moved up against the greenback. The domestic currency opened at 40.36/37, touched an intra-day low of 40.42 but crept up to end at 40.35/37, against the previous close at 40.42. “There has been good ... More

RBI picks up $4.4 b in May
The Reserve Bank of India purchased $4.4 billion in May, according to figures provided in the table on the sale/purchase of the US dollar by the RBI, given in its July monthly bulletin. It had purchased about $2 billion in April. Cumulatively, ... More

HOUSING FINANCE
More home loan borrowers opting for life cover
Growing awareness, rise in realty prices cited as reason More

GENERAL INSURANCE
Public sector non-life insurers comply with management ratio
Bangalore, July 16 For the first time this decade, public sector non-life insurance companies have complied with the statutorily prescribed management ratios. The ratio is 19.5 per cent for non-life insurers under section 40C of the ... More

PUBLIC SECTOR BANKS
Corporation Bank may go in for Tier-II capital
New Delhi, July 16 Corporation Bank has ruled out any follow-on equity offering this fiscal even as it may look at raising Tier-II capital to fund business growth.“We have no plans to raise any equity (under Tier-I capital) this ... More

Associate banks emerge as heroes of the day
Amendments to SBI Act More

New United Bank branch
United Bank of India has opened a branch in Vasavi Nagar, Kharkhana here. Mr Subhash Sarnikar, Chairman of ICFAI, inaugurated the branch on Monday in the presence of Mr Saroj Kumar Ghosh, Deputy General Manager (Southern Region), United Bank. The ... More

GOVT BONDS
Bond prices rise 18 paise
Bond prices went up by about 18 paise and the yields fell by two basis points backed by comfortable liquidity in the system. The yield on the 10-year paper ended at 7.91 per cent on Monday against the previous close of 7.93 per cent. The total ... More

CORPORATE BONDS
PNB Tier-I bonds fully subscribed
New Delhi, July 16 Punjab National Bank (PNB) said on Monday that its perpetual Tier-I bonds issue aggregating Rs 500 crore to the bank has been fully subscribed. The bond offering, which was launched on July 12, carried an annual coupon rate ... More

SHORT TERM INSTRUMENTS
Call rates end at 0.4-0.5%
The inter-bank call rates closed at 0.4-0.5 per cent on Monday against the previous close of 0.35-0.5 per cent. The Reserve Bank of India received bids worth Rs 98,500 crore through the reverse repo window under the two sessions of Liquidity ... More

OUTLOOK
Indian Bank sees marginal dip in margins
Uncertainty in interest rate regime More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Robusta, without caffeine!

Ashok Leyland, Siemens VDO setting up joint venture

Café Coffee Day gears up to take on Starbucks

Agri export zones, a partial success

Growth and adjustment after East Asian crisis

Pharma body may fix price for 10 additional drugs

June edible oil imports up

All for a maritime constituency!

Reliance re-launching Vimal brand; setting up retail chains

Looking back
Jul. 8-Jul. 14
Bond yields fall as RBI limits intervention

‘Softening of interest rates round the corner’

IRDA issues circular on use of forms for riders

Emerging markets: Too little risk, too much reward?

Allahabad Bank may raise Rs 500-cr Tier-II capital