The Hindu Business Line : Wednesday, September 05, 2007

OVERSEAS BORROWINGS
ICICI Bank inks $1.5-b loan pact
Mumbai, Sept 4 ICICI Bank has signed a multi-tranche, dual currency, $1.5-billion syndication loan agreement in Singapore.A total of 28 banks participated in the syndication facility across the globe, said a bank release.The ... More

FINANCIAL SERVICES
ASK Group seeks to enter insurance broking
New Delhi, Sept. 4 ASK Group, a financial services provider, plans to foray into insurance broking for which it has sought a licence from the Insurance Regulatory and Development Authority (IRDA), according to Mr Rajesh Saluja, Chief ... More

INSIGHT
Sub-prime crisis: Europe trains guns on US
The Americans faced fire on two fronts – for keeping interest rates at one per cent for too long, sparking off the housing bubble and for lax control on financial institutions engaged in mortgage lending. More

FOREX
Rupee down 8 paise
The rupee weakened by eight paise against the greenback on Tuesday on dollar demand from a large corporate and also from banks. The home currency opened at 40.86/88 and saw an intra-day low of 40.99 before ending the day at 40.97/98, down from ... More

HUMAN RESOURCES
1.5 lakh PSU bank jobs up for grabs
Hyderabad, Sept. 4 Public sector banks in the country are likely to recruit over 1.5 lakh personnel in various cadres over the next three years. “The manpower requirement of public sector banks will increase substantially over ... More

PUBLIC SECTOR BANKS
Syndicate Bank savings account
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GOVT BONDS
Bond prices down 10 paise
Bond prices fell by around 10 paise as traders were cautious ahead of the Rs 7,000-crore auction on Friday. Total traded volumes on the order matching system were at Rs 2,725 crore (Rs 5,195 crore). Dealers said traders were not taking any major ... More

Bond prices down 10 paise
Bond prices fell by around 10 paise as traders were cautious ahead of the Rs 7,000-crore auction on Friday. Total traded volumes on the order matching system were at Rs 2,725 crore (Rs 5,195 crore). Dealers said traders were not taking any ... More

CREDIT MARKET
The other side of micro-finance
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Sugar mills unlikely to get fresh credit from banks
Cane arrears to pile up from start of new season More

SHORT TERM INSTRUMENTS
Call rates steady
The inter-bank call rates closed at 6-6.10 per cent against the previous close of 6-6.15 per cent. In the first reverse repo auction under LAF, the Reserve Bank of India received 21 bids for Rs 37,000 crore. There was no repo bid. The CBLO ... More

INTERVIEW
‘We want to be the best in our home turf’
Improving internal administration is PNB CMD’s main agenda More

SOCIETY & DEVELOPMENT
LIC donates wheel chairs
Life Insurance Corporation of India (LIC), South Central Zone, donated 10 wheel chairs to Nizam’s Institute of Medical Sciences (NIMS), Hyderabad. Mr S. Viswanathan, Zonal Manager, LIC, South Central Zone, said the corporation had earmarked ... More