The Hindu Business Line : Wednesday, November 28, 2007

FINANCIAL SERVICES
Payment and Settlement Systems Bill passed in LS
New Delhi, Nov. 27 The Lok Sabha has passed the Payment and Settlement Systems Bill that sought to empower the Reserve Bank of India to regulate and oversee the various payment and settlement systems, including those operated by non-banks ... More

SWIFT opens office in India
New Delhi, Nov 27 SWIFT, a global provider of financial messaging, has opened its first office in India in Mumbai on Tuesday. The announcement was made at SWIFT’s regional conference for India and the sub-continent, taking place from ... More

PENSION PLANS
NSDL to handle pension records for Govt staff
National Securities Depository Ltd (NSDL) will keep the pension records for Central Government employees under the New Pension System, which was introduced by the Union Government for its new recruits (except the Armed Forces) w.e.f January 1, ... More

SOFTWARE
Punjab National Bank overhauling IT platform
Change of vendors not ruled out More

FINANCIAL POLICY
‘No plan to raise Govt stake in PSBs’
No move to go below 51% either: Chidambaram More

HUMAN RESOURCES
Bank chiefs want flexibility in fixing wages
More

RBI & OTHER CENTRAL BANKS
FII demand putting pressure on equity valuations: RBI
‘Levels not backed up by business fundamentals’ More

CREDIT MARKET
‘Consumer durables lending sharply up’
Mumbai, Nov. 27 Loans for buying consumer durables grew sharply in 2006-07. According to the Report on Trends and Progress of Banking in India 2006-07 released by the Reserve Bank of India, such loans grew by 63 per cent to Rs 7,296 crore. ... More

Lending to sensitive sector slowed down in 2006-07: RBI
Mumbai, Nov. 27 Lending to sensitive sectors by banks showed a deceleration in 2006-07, according to the Report on Trends and Progress of Banking in India 2006-07 released by the Reserve Bank of India (RBI) on Tuesday. 41% ... More

‘Micro-finance needs new strategies to reach more’
RBI report sees credit flow to poor much below requirements More

CREDIT CARDS & DEBIT CARDS
Kisan credit cards total 66.56 million
Mumbai, Nov. 27 The total number of kisan credit cards issued by various banks has touched 66.56 million, according to the Report on Trends and Progress of Banking in India 2006-07 released by the Reserve Bank of India (RBI) today. The ... More

EVENTS
‘Strong rupee slows down NRI deposits’
There has been a slight slowdown in NRI deposits due to the rising rupee, although there was no slowdown in inward remittances, said Mr M. Venugopalan, Chairman and CEO, Federal Bank. Low deposit rates combined with the appreciation of ... More

New tech tools for rural banking
Tech route way to financial inclusion: Andhra Bank CMD More

‘SME lending can be profitable’
Custom-based approach will help: Splinder More

Booth capturing!
At the panel discussion on CEOs experience with global best practices, one of the items on the agenda was financial inclusion. After asking the panelists for their views on the track record of Indian banks in this field, the moderator decided to ... More

RBI rules out sub-prime crisis happening here
‘Pre-emptive steps effective, global situation under close watch’ More

Centurion Bank of Punjab open to acquisitions
Mumbai, Nov. 27 Centurion Bank of Punjab is still open to acquisitions. Though the bank is not looking at anything concrete currently, Mr Shailendra Bhandari, Managing Director and Chief Executive Officer, Centurion Bank of Punjab, said, ... More

Credit growth as we want it to be: Reddy
Mumbai, Nov. 27 The Reserve Bank of India said that there were no worries on the slack credit offtake during the peak season so far. Speaking to reporters on the sidelights of BANCON, the RBI Governor, Mr Y.V. Reddy said, “It is ... More

Getting ready for Basel II
More

HR has a new definition
HR is Human Resources. But Dr Anil Khandelwal, Chairman and Managing Director, Bank of Baroda, for whom HR is a pet topic, defined HR now as Human Risks! He said this at the panel discussion to discuss CEO experience with global best practices. ... More

Retired age can be 40!
At a time when many Government employees are hoping for an extension of retirement age, Mr K C Chakrabarty, Chairman and Managing Director, Punjab National Bank, stunned the audience at BANCO 2007 by suggesting that the retirement age for bank ... More

Light takes from RBI's Governor
More

Host's pat for Reddy's quips
More

RIGHTS ISSUE
Arcil to raise Rs 1,000 cr
Mumbai, Nov. 27 Asset Reconstruction Co (India) Ltd is planning to raise Rs 1,000 crore in the current financial year through a rights share issue and private placement. “We are planning to infuse capital in the company for our future ... More

PERFORMANCE
‘Banks sound in key financials’
More

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Cross Currency Rates

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
Rabi oilseeds crop prospects fade

‘Strong rupee slows down NRI deposits’

JK Tyre plans expansion in China

‘Banks sound in key financials’

‘Cement prices likely to remain stable’

Cabinet decision to benefit airlines opting for Exim financing

Panchayati Raj system gets Microsoft solution

Port tariff body likely to get statutory powers

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