The Hindu Business Line : Saturday, October 13, 2007

FOREX
Forex reserves rise $3.6 b
Mumbai, Oct. 12 The country’s forex kitty swelled by $3.568 billion for the week ended October 5, on the back of continuous intervention by the Reserve Bank of India in the forex market. “The RBI was constantly intervening ... More

Rupee ends 5 paise down
It was a volatile day for rupee on Friday. The home currency weakened by about five paise against the greenback and closed at 39.36/37, down from the previous close of 39.30/31. The rupee opened at 39.29/31 levels and then rallied to 39.45 on ... More

FINANCIAL PERFORMANCE
HDFC Bank’s customer assets rise 33%
Aims to maintain low-cost deposits share at 50% this fiscal More

Interest income boosts HDFC Bank Q2 net
A healthy interest income from higher advances helped HDFC Bank post a 40 per cent increase in net profit for the quarter ended September 2007. It was also able to maintain its net interest margin at four per cent (3.8 per cent last year). ... More

LIFE INSURANCE
SBI Life Insurance plans to hike paid-up capital
Launches new insurance product ‘Mybank Suraksha’ More

GENERAL INSURANCE
Oriental targets higher premium income
Chennai, Oct. 12 Oriental Insurance Company hopes to generate a premium income of about Rs 40 crore in 2007-08 through its bancassurance tie-up with Dena Bank. That is three times more than what the alliance was able to generate in 2006-07. ... More

FINANCIAL INSTITUTIONS
ADB sees scope for more assistance to India
Cutting poverty through infrastructure growth More

GOVT BONDS
Bond prices remain range-bound
The bond market was range-bound, as the market was wary of the Reserve Bank of India’s measures to curb liquidity. The benchmark 7.49 per cent 10-year-2017 paper was not traded today. “It is the interest payment date for the paper ... More

SHORT TERM INSTRUMENTS
RBI announces T-Bills auction
The Reserve Bank of India has announced the auction of 91-day and 182-day Government of India Treasury Bills for a notified amount of Rs 6,000 crore, of which Rs 5,000 crore is the Market Stabilisation Scheme (MSS) amount, said a press release ... More

Call rates end lower
The inter-bank call rates closed lower at 4.5-5 per cent on Friday, against the previous close of 6-6.1 per cent. The call rates were lower as it was the reporting Friday for banks. “The liquidity is comfortable and will continue to remain ... More

FIXED DEPOSITS
Special deposit scheme rate cut
ICICI Bank has cut the rates on special deposit schemes by 50 basis points from 9.5 per cent to 9 per cent. In a press release issued today, the bank said it was cutting rates on deposit schemes of 390 days, 590 days and 890 days. The revised ... More

TRADE & LABOUR UNIONS
Bank unions to make common charter of demands
New Delhi, Oct. 12 For the first time ever, bank unions are to submit a common charter of demands to the Indian Banks’ Association (IBA) for the next wage revision settlement.With the existing settlement, arrived about five years ... More

TRENDS
It’s going to rain coins soon
Chennai, Oct. 12 For those complaining about the lack of coins and small change in various parts of Tamil Nadu, there’s good news just ahead. It’s literally going to pour coins across the State during the next few weeks. ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
ONGC arm invites cos to set up downstream units

Forex reserves rise $3.6 b

Procedural relief for exporters on duty drawback claims

HDFC Bank’s customer assets rise 33%

Reliance won’t associate its name with non-veg

Centre may announce hardware policy soon

Looking back
Sep. 30-Oct. 6
Bond yields firm as RBI steps in to contain liquidity surge

‘Combined hedging is best bet for exporters to manage rupee swings’

Govt looking at full refund of levies: Kamal Nath

Indian Bank bullish on urban micro credit

IRDA steps up vigil on insurers

More banks lower home loan rates

Chidambaram to review economic scenario

Karnataka Bank making pref allotment of shares to IFC