The Hindu Business Line : Tuesday, September 04, 2007

FOREX
Rupee weakens slightly
The rupee slightly weakened against the greenback on Monday on dollar demand from banks. The home currency opened at 40.90 and touched an intra-day low of 40.94. It then gained to 40.84 but ended the day at 40.89/90, against the previous close at ... More

LIFE INSURANCE
ICICI Prudential assets cross Rs 20,000 cr
Mumbai, Sept. 3 ICICI Prudential Life Insurance has crossed Rs 20,000 crore in terms of total assets under management.Of these assets, Rs 12,200 crore were in equities, the company said in a press release.The company has doubled ... More

GENERAL INSURANCE
Insurers to state solvency every six months
Frequency stepped up following migration to free pricing More

Price war hurts Iffco Tokio General
Co sees positive turn from October More

PUBLIC SECTOR BANKS
Punjab & Sind Bank IPO likely next fiscal
New Delhi, Sept. 3 State-owned Punjab and Sind Bank (PSB) may come up with an initial public offering (IPO) sometime next fiscal on the back of improved current year earnings and a planned capital restructuring that is awaiting Government ... More

FINANCIAL INSTITUTIONS
SIDBI outlay for microfinance
More

GOVT BONDS
Bond prices rise 20 paise
Bond prices rose by 20 paise on Monday as the market drew comfort from the surplus liquidity in the system. The yield on the 10-year paper closed at 7.90 per cent. The total traded volumes on the order matching system were Rs 5,195 crore (Rs ... More

CREDIT MARKET
Educational loans worth Rs 1.54 cr sanctioned
Mangalore, Sept. 3 As many as 87 students were given sanction letters for loans at an educational loan camp conducted by the lead bank of Dakshina Kannada district (Syndicate Bank) in Mangalore on Monday. Other major banks such as State Bank ... More

Credit plan for Virudhunagar dist
The Annual credit plan for Virudhunagar district has been fixed at Rs 1,100.64 crore. Releasing the credit plan for Virudhunagar district at a monthly review meeting of bankers, the District Collector, Mr V.Chandrasekar, said that a sum of Rs ... More

SHORT TERM INSTRUMENTS
Call rates close at 6.15%
The inter-bank call rates closed at 6-6.15 per cent on Monday, higher than the previous close of 3-4 per cent. In the first reverse repo auction under the LAF, the Reserve Bank of India received and accepted 22 bids for Rs 32,570 crore. There was ... More

FIXED DEPOSITS
Bank of Maharashtra in pact with LIC
Pune, Sept. 3 Bank of Maharashtra in association with Life Insurance Corporation of India has launched two products, Maha Suraksha Deposit Scheme and MahaGrih Suraksha scheme. Under the Maha Suraksha Deposit Scheme, deposit holders get life ... More

REGULATORY BODIES & RULINGS
IRDA in no hurry to lift tariff curbs
Chennai, Sept 3 The Insurance Regulatory and Development Authority (IRDA) has an “open mind” on when the residual restrictions on tariffs should go, the Chairman, Mr C.S. Rao, said today.From January, insurance tariffs have ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Sri Lanka gets IT going

Tata Sky in talks with schools for interactive programmes

Newly structured cos attract investors’ attention

Europe’s Plaza Centers enters mall space

Insurers to state solvency every six months

‘Leh and Kargil have great trade and employment potential’

Looking back
Aug. 26-Sep. 1
Bonds reverse trend; FII exit has little effect on forward premia

PNB to focus on ‘NPA administration’

‘US sub-prime crisis may not affect Indian growth rates’

‘Regulatory overlap hurts corp bond market growth’

Central banking in a crisis

YES Bank bets on mobile phone for micro-fin biz

Retail lending up 30%

Retailers bet on easy finance schemes for niche home needs

Panel backs Govt stake in SBI lower at 51%

Karnataka borrowings from FIs up at Rs 22,613 cr