The Hindu Business Line : Tuesday, November 27, 2007

FOREX
Textile sector seeks PM’s help to ease strong rupee
New Delhi, Nov 26 Hit hard by the appreciating rupee, the textile industry has sought the intervention of the Prime Minister, Dr Manmohan Singh. A delegation led by Mr P D Patodia, Chairman, Confederation of Indian Textile Industry (CITI) met ... More

Rupee tad weaker
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GENERAL INSURANCE
Call for merger of PSU insurance companies
Kochi, Nov. 26 The members of the All India Insurance Employees Association (AIIEA) have launched a campaign for merger of the four public sector general insurance companies into a single corporation. Addressing a study camp organised ... More

RBI & OTHER CENTRAL BANKS
RBI honouring word on branches to WTO
‘US yet to give any authorisation in last 5 years’ More

PUBLIC SECTOR BANKS
PNB opens biometric ATM
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FINANCIAL INSTITUTIONS
Soktas India setting up plant with IFC funding
New Delhi, Nov 26 International Finance Corporation (IFC), the World Bank’s private sector lending arm, said on Monday it would invest $45.8 million in Turkish textile maker Soktas and its Indian subsidiary, Soktas India. The ... More

GOVT BONDS
Bond prices flat on tight liquidity
Bond prices ended almost flat on Monday on uncertainty about the liquidity situation in the market. The market opened on a positive note, however, the high call rates at 7.75-8 per cent and the absence of repo and reverse repo auctions indicated ... More

CREDIT MARKET
Urban co-op banks can lend against gold
Mumbai, Nov. 26 Urban co-operative banks can now sanction gold loan not exceeding Rs 1 lakh with bullet repayment option, said a notification from the Reserve Bank of India. The period of the loan should not exceed 12 months from the ... More

SHORT TERM INSTRUMENTS
Call rates close higher
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MERGERS & ACQUISITIONS
‘Consolidation inevitable’
Mumbai, Nov. 26 Consolidation in the banking industry is inevitable, said Mr H.N. Sinor, Chief Executive, Indian Banks’ Association. “As the economy is growing, there is an ever growing need for scale and size,” said Mr ... More

OVERSEAS INVESTMENTS
‘Govt encouraging banks to expand overseas’
In-depth discussions needed on talent crunch of PSBs: Bansal More

EVENTS
Banking conclave
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‘Euro area drawing FDI from emerging markets’
Current imbalances matter of global concern: Trichet More

‘Differential approach is the need of the hour’
Dramatic contrasts seen among Indian banks, says McKinsey study More

Mahatma’s relevance to banking sector highlighted
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‘Customer experience needs more attention’
‘Lack of process simplicity is big challenge’ More

Cricket analogy
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Just a listener
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OUTLOOK
Syndicate Bank targets Rs 15,000-cr biz in AP
Hyderabad, Nov. 26 Syndicate Bank is targeting a total business of Rs 15,000 crore from its operations in Andhra Pradesh during fiscal 2007-08, up from Rs 13,250 crore last year. The Hyderabad City Region, which has 54 branches is ... More

PERFORMANCE
Banks’ profit margins less than 5%, says Aditya Puri
‘We have to bear cost on CRR, SLR’ More

NEW PRODUCTS & SERVICES
At the click of the mouse
Bank of Baroda, the host of BANCON 2007, used the opportunity of the inaugural session and the presence of the Minister of State for Finance, Mr Pawan Kumar Bansal, to launch a series of initiatives. These included the launch of 52 ... More

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Cross Currency Rates

P-Note blues

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‘Govt encouraging banks to expand overseas’

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Textile sector seeks PM’s help to ease strong rupee

Ministry to set up mega food parks

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Looking back
Nov. 18-Nov. 24
Yields up on tight liquidity; may remain ranged till year-end

Powerloom sector lists out export woes

Rising input costs hurt Yavatmal’s cotton farmers

‘The dollar is being undervalued’

HP Financial Services seeks FIPB nod

Forex reserves rise $967 m

Cos’ overseas borrowings fall in Aug