Business Daily from THE HINDU group of publications
Thursday, October 18, 2007
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MONEY & BANKING

FINANCIAL SERVICES
Market risks drive PSBs to merchant trading
Trim proprietary trading; fees offset dip in treasury income More

INSIGHT
Municipal financing: Where are the issuers?
More

FOREX
Rupee volatility: Metal cos take to Indian exchanges for hedging
Trend reflected in rise of open interest in commodity bourses More

FINANCIAL PERFORMANCE
Allahabad Bank Q2 net rises 14%
Kolkata, Oct. 17 Allahabad Bank has recorded a net profit of Rs 239.78 crore for the quarter ended September 30, as compared to Rs 210.03 crore for the corresponding quarter last year, registering an increase of 14 per cent.The ... More

YES Bank Q2 net doubles
To raise Rs 600-cr capital More

HOUSING FINANCE
IOB cuts housing loan rates
More

LIFE INSURANCE
LIC makes stock buying of Rs 175-180 cr
Mumbai, Oct. 17 For the Life Insurance Corporation of India, it was just another average ay at the stock market. The corporation made total stock purchases of around Rs 175- Rs 180 crore on Wednesday, said a senior LIC ... More

Kotak Mahindra OM Life to beef up rural initiative
Pune, Oct. 17 Kotak Mahindra Old Mutual Life Insurance Ltd is strengthening its initiative in the rural areas, and will focus on deeper penetration in Maharashtra, Gujarat, Punjab, Haryana and Kerala. The company is in the process of ... More

FINANCIAL MARKETS
Rupee down by 20 paise
Mumbai, Oct 17 The rupee which has been on a gaining spree, weakened by 20 paise against the dollar, on the back of SEBI’s proposal to contain capital inflows, through participatory notes. On Wednesday, the home currency saw ... More

PRIVATE BANKS
Catholic Syrian expansion
More

PUBLIC SECTOR BANKS
Canara Bank cuts retail loan rates
More

GOVT BONDS
Bond market listless
More

CREDIT MARKET
Union Bank hopes to meet credit target
Build-up in loan delinquencies worrisome, says CMD More

SHORT TERM INSTRUMENTS
Call rates tad lower
The inter-bank call rates closed at 6-6.10 per cent on Wednesday, against the previous close of 6.10-6.20 per cent. In the first one-day reverse repo auction under the Liquidity Adjustment Facility, the Reserve Bank of India received and accepted ... More

ALLIANCES & JOINT VENTURES
PNB signs pact with IIFCL
More

EVENTS
Bank coin distribution week
More

RIGHTS ISSUE
SBI may get nod for rights issue
New Delhi, Oct. 17 The Finance Ministry is likely to allow State Bank of India (SBI) to float a Rights Issue to mobilize anywhere between Rs 11,000 to Rs 12,000 crore to fund business growth. “The mode of raising capital would ... More

NEW PRODUCTS & SERVICES
`Synd Sona' launched
More






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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
GAIL joining hands with RCF for gas project

IOC may drop plans to set up refinery in Nigeria

If ODI is not one-day international, what’s it?

DLF did not define carpet area: MRTPC

‘Entry-level mobiles not up to customers’ mark’

LIC makes stock buying of Rs 175-180 cr

Rupee volatility: Metal cos take to Indian exchanges for hedging

‘HNIs in India on the rise’

Indian crude basket crosses $80 mark

Iron ore traffic in major ports up 9%

Regulating advisors

Import of palm group of oils thru Kochi banned

Looking back
Oct. 7-Oct. 13
‘Hike in DEPB rates not the solution to rupee problem’

Decision on oil bonds for downstream industry soon

Kamal Nath says exporters need more relief

Bond yields steady despite liquidity surge

Strong Re, overpricing likely to hurt inbound tourism

Govt committed to financial inclusion

‘Manufacturing units hit by rising rupee, Chinese imports’

REC defers ECB plan, to tap domestic market

‘Co-op credit revival package by Nov-end’

‘Market-driven pricing to evolve for health cover’

SARFAESI Act too harsh on us, say micro units

Forex reserves rise $3.6 b

HDFC Bank’s customer assets rise 33%


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