The Hindu Business Line : Saturday, November 24, 2007

FOREX
Four suggestions on forex reserve management
Chennai, Nov. 23 Import power plants, facilitate corporate borrowings, reduce dollar liabilities, and don’t squander away foreign exchange (forex) reserves.These are among the suggestions that Mr N. A. Mujumdar makes in a recent ... More

Forex reserves rise $967 m
Mumbai, Nov. 23 The country’s forex reserves increased by $967 million for the week to touch $271.148 billion for the week ended November 16, as per figures released by the RBI. The forex reserves had increased by $3.663 billion ... More

GENERAL INSURANCE
Global reinsurers support AICIL’s farm scheme
Weather-based crop insurance scheme at pilot stage in 6 States More

CREDIT RATING
ICRA, United Bank sign MoU
ICRA Ltd and the city-headquartered United Bank of India have signed a memorandum of understanding to rate the bank’s loans and its other exposures under the standardised approach of RBI’s new capital adequacy framework for Basel-II. ... More

FINANCIAL MARKETS
Rupee drops 18 paise
Near-term outlook bearish More

RBI & OTHER CENTRAL BANKS
Cos’ overseas borrowings fall in Aug
Mumbai, Nov. 23 Overseas borrowings by Indian corporates saw a decline in August compared to June and July, due to the restriction imposed by the RBI on external commercial borrowings (ECB).According to figures released by the RBI, the ... More

PUBLIC SECTOR BANKS
Brokerages, public sector banks tie-up on the rise
PSBs gain value addition and income from retail stock investors More

GOVT BONDS
Bond prices down 7 paise
The bond prices fell by seven paise and the yields went up by one basis point on Friday as the cut-off yields of the government securities auction was lower than market expectations, said a dealer with a private bank. “Though the liquidity ... More

SHORT TERM INSTRUMENTS
Call rates end higher
The inter-bank call rates closed higher at 6-6.25 per cent on Friday, against the previous close of 5-5.25 per cent. The call rates, however, fell to an intra-day low of 4-4.10 per cent. “There seems to have been some government spending ... More

MERGERS & ACQUISITIONS
Centurion Bank-LKB merger by March
More

EVENTS
BANCON to address key issues
Mumbai, Nov. 23 Effective management, optimal use of capital, and implementation of sound human resource practices are the key challenges facing the Indian banking industry, according to Mr. H N Sinor, Chief Executive, Indian Banks’ ... More