The Hindu Business Line : Friday, August 31, 2007

INSIGHT
Shylocks of Urban India
The suave and sophisticated bank manager is not perceived in the garb of a 21st century usurer, while the illiterate village moneylender is. But both pursue a similar service, appeasing the demands for short-term liquidity and charging steep rates. More

FOREX
Rupee falls on heavy dollar demand
The rupee fell against the greenback on Thursday on the back of heavy corporate demand for dollars. The domestic currency opened at 41, dipped to touch an intra-day low of 41.18 and finally ended at 41.16, against the previous close at 41.10/11. ... More

HOUSING FINANCE
NHB to take stake in rural housing finance firms
Hyderabad, Aug. 30 National Housing Bank (NHB) is planning to invest equity in housing finance corporations engaged in rural housing finance, according to Mr S Sridhar, Chairman and Managing Director.Speaking at a meeting with State ... More

CREDIT RATING
PSU insurers want credit rating of all players
‘Info in public domain will impose financial discipline on insurers’ More

RBI & OTHER CENTRAL BANKS
Forex interventions successful: RBI report
$26.8 b purchased from market in 2006-07 to check volatility More

World Bank mulls $5.25-b funds for CDMs
Hyderabad, Aug. 30 With a view to removing uncertainties for the CDM (Clean Development Mechanism) markets beyond 2012, the World Bank is considering to launch two funds with a size of $5 billion and $250 million, respectively.These ... More

PUBLIC SECTOR BANKS
Panel backs Govt stake in SBI lower at 51%
Pref share issue must be transparent More

GOVT BONDS
Bond yields up 2 bps
Bond yields went up by two basis points on concerns over draining of excess cash from the system. Prices fell by 11 paise. “The market was range-bound in the morning sessions of trading; prices however fell during the day due to liquidity ... More

CREDIT MARKET
Manmohan hopeful of doubling credit flow to SMEs
New Delhi, Aug. 30 The Prime Minister, Dr Manmohan Singh, today expressed hope of doubling credit flow to the small and medium sector within five years. While giving away the national awards to small and medium enterprises (SMEs) in the ... More

SHORT TERM INSTRUMENTS
Call rates at 6-6.1%
The inter-bank call rates closed at 6-6.10 per cent on Thursday, against the previous close of 6.10-6.20 per cent. In the first reverse repo auction under LAF, the Reserve Bank of India received and accepted 21 bids worth Rs 37,670 crore. There ... More

MORTGAGE
Hedge, private equity funds may pull out: RBI
Continuing sub-prime crisis in US More

MERGERS & ACQUISITIONS
SBH puts on hold public issue
Hyderabad, Aug. 30 State Bank of Hyderabad (SBH) has put its public issue plans on hold till December and is awaiting ‘specific roadmap’ on a possible merger with State Bank of India.“I don’t like to speculate on ... More

CO-OPERATIVES
National body sees threat to co-op movement
Hyderabad, Aug. 30 Opposing certain recommendations made by the Vaidyanathan Committee, the National Federation of State Cooperative Banks (NAFSCOB) has said that putting restrictions such as upper age limit and allowing graduates to hold some ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

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Looking back
Aug. 19-Aug. 25
Sub-prime spectre haunts soyabean complex

All that you wanted to know about sub-prime crisis

Ministry for 49% cap on foreign investment in credit info cos

Premium credit cards growth doubles

Farm loans up to Rs 50 k may get service tax waiver

‘SSI share in bank credit falling’

Holdings of US T-bills declining

Slew of innovative ULIPs

Educational loans now come with insurance cover