The Hindu Business Line : Saturday, September 08, 2007

INSIGHT
Sub-prime fallout: Beyond stock markets
The sub-prime lending storm did not break overnight. The clouds had been gathering strength for some months. Low interest rates and ample liquidity led to unbridled credit expansion, asset growth and proliferation of collateralised debt. The ... More

RBI Annual Report 2006-07: Pragmatic remedies to sustain growth
More

FOREX
Rupee gains on dollar inflows
The rupee gained about 10 paise against the dollar on Friday as it tracked the domestic stock market and on good dollar supplies. The rupee opened at about 40.75 and followed the stock market's movement for most of the day, said dealers. The ... More

Forex kitty down $2 m
Forex reserves fell by a meagre $2 million to touch $228.847 billion for the week ended August 31, according to the weekly statistics from the Reserve Bank of India. The decrease was mainly on account of changes in value of global ... More

HOUSING FINANCE
HDFC hits all-time high
Housing finance cos fare well; analysts see bright future ahead More

FINANCIAL MARKETS
Volatile capital flows pose challenges: Reddy
Emerging market economies have to be wary More

Financial Tech training centre
The city based Financial Technologies India Ltd has partnered with the University of Mauritius Trust (UoM) to set up a ‘Centre for Organized Markets’ in Mauritius, an initiative aimed at create a sizable talent pool for financial ... More

RBI & OTHER CENTRAL BANKS
Foreign banks looking beyond metros
Nudging from Reserve Bank More

RBI indent may help Salem Steel end blanking drought
Coimbatore, Sept. 7 The sudden disappearance last year of two rupee coins made of copper nickel alloy and the suspicion that these were being melted for their metal content has thrown a window of opportunity for the Salem Steel Plant of SAIL. ... More

PRIVATE BANKS
Centurion Bank to focus on NRIs in Kerala
Kochi, Sept. 7 Centurion Bank of Punjab (CBOP), which had recently merged with the Kerala-based Lord Krishna Bank, has chalked out ambitious plans for the State with a focus on NRIs. The NRI population from the State is the immediate ... More

PUBLIC SECTOR BANKS
HDFC, Fidelity pick Corp Bank stake in NSE
Corporation Bank has offloaded its stake in the National Stock Exchange by 0.27 per cent. Fidelity Trustee Corporation and HDFC Ltd have together picked up the stake sold by the bank for Rs 35 crore on September ... More

GOVT BONDS
Bond yields down 3 bps
Bond yields fell by three basis points and prices went up by 19 paise on Friday, as there was some fresh buying due to expectations that the US Federal Reserve would cut interest rates. The total traded volumes on the order matching system ... More

NON-PERFORMING ASSETS
‘Banks cautious on weak borrowers as NPAs rise’
Wharton resource centre quotes data on provisioning in Q1 More

SHORT TERM INSTRUMENTS
T-bills auctions
Mumbai, Sept. 7 Thee Reserve Bank of India has announced the auction of 91-day and 364-day Treasury Bills for a notified amount of Rs 6,500 crore of which Rs 5,000 crore is the Market Stabilisation Scheme (MSS) amount. The auction will ... More

Call rates steady
The inter-bank call rates closed at 6-6.10 per cent against the previous close of 6.10-6.20 per cent. In the first three days reverse repo auction under LAF, the Reserve Bank of India received and accepted 23 bids for Rs 35,090 crore. There ... More

TRADE & LABOUR UNIONS
Bank strike on Sept 12
Coimbatore, Sept. 7 While employees and officers of banks under the United Forum of Bank Unions (UFBU) banner have decided to observe an all India strike on September 12, the Central Bank Employees Union has given a strike call on September 13 ... More