The Hindu Business Line : Friday, September 21, 2007

INSIGHT
Northern Rock bailout — ‘Back-to-basics’ message for banks globally
Northern Rock’s travails are the result of some weaknesses in its balance sheet which have been exposed in a global market crisis. This holds important lessons for Indian banks even though a similar crisis may appear somewhat remote in the over all business environment. More

FOREX
RBI must rein in rupee rise, say chambers
New Delhi, Sept. 20 The FICCI President, Mr Habil Khorakiwala, has said that it is time the Reserve Bank of India lowered the interest rate and intervened in the forex market more aggressively to rein the rupee which is at a 9-year high ... More

NBFCS
Sundaram Finance plans more branches
Coimbatore, Sept. 20 Sundaram Finance Ltd (SFL), an asset financing company, plans to open 200 branches in the current fiscal. It has also expressed fear that the slowdown in the sale of commercial vehicles in the first quarter of current ... More

LIFE INSURANCE
Kotak Mahindra OM Life to infuse more capital
Mumbai, Sept. 20 Kotak Mahindra Old Mutual Life Insurance plans to infuse Rs 150 crore this fiscal to meet its growth needs.“We plan to grow at 100 per cent in the next three years which would require the commensurate amount of ... More

RBI & OTHER CENTRAL BANKS
No RBI subsidy to banks for ‘no frills’ accounts
To take banking basics to people by train More

50 bps cut: More than meets the eye?
More

PRIVATE BANKS
TMB branch at new premises
Tamilnad Mercantile Bank Ltd, Thoothukudi, in an official press release has said that its existing branch office at Thiruvannamalai has been fully computerised and moved to a new spacious premises at Big Street in the town. The branch has also ... More

PUBLIC SECTOR BANKS
SBI launches gold coin sale
Visakhapatnam, Sept. 20 State Bank of India has launched the sale of gold coins here on Thursday at two of its branches. At a function on the occasion, Mr R.K. Sharma, Chief General Manager, Hyderabad circle, said the bank was trying to ... More

FOREIGN BANKS
StanChart mulls film financing
Mumbai, Sept. 20 Standard Chartered Bank is planning to tap areas such as film financing and flying academies under its middle market segment. This segment, which includes corporates having a turnover of up to Rs 800 crore, is expected to grow ... More

INTEREST RATES
Rupee hits sub-40 level against dollar
‘Sudden and huge supply of greenbacks via FII inflows’ More

Fed rate cut gives realty indices positive push
Analysts expect RBI to slash interest as well More

MORTGAGE
‘Sub-prime crisis may hit emerging economies’
The US sub-prime mortgage turmoil could weigh heavily on the future stability of financial markets and is also likely to have a wider impact on global growth, with particular concerns centred on the prospects for emerging market economies, ... More

ALLIANCES & JOINT VENTURES
GE Money-Wizard venture to tap home loan market
Plan 250 branches, to offer floater at 9.99% More

SBH, German organisation in pact
State Bank of Hyderabad (SBH) and the German Technical Cooperation (GTZ) have signed a letter of consent to work as partner institutions in helping small and medium enterprises (SMEs). Financial services and demand-oriented business development ... More

CO-OPERATIVES
National seminar
More