The Hindu Business Line : Tuesday, January 08, 2008

ESOPS
SBI may offer employees stock purchase plan
Coimbatore, Jan. 7 While State Bank of India informed the BSE that its central board would meet on January 14 to consider issue of increase in the issued capital via the rights issue and Employees Stock Purchase Scheme, the announcement turned ... More

INSIGHT
3-6-3 to NINJA banking
So much has already been said about the sub-prime crisis. But what caused it is still a matter of conjecture and suspicion… just like Benazir Bhutto’s death.Was it the low interest regime and then subsequent tightening? Was ... More

FOREX
RBI intervenes to rein in rupee
More

INFORMATION TECHNOLOGY
Bank tech awards event tomorrow
Mumbai, Jan. 7 The use of technology has helped banks extend the scope of operations beyond branch banking and move on to alternative channels like Internet banking, telephone banking, ATM and so on. For the last four years, Indian ... More

LIFE INSURANCE
IRDA asks insurers to promote term policies
More

PRIVATE BANKS
Karnataka Bank postings
More

GOVT BONDS
Investors in Nabard rural bonds can get tax benefits
New Delhi, Jan. 7 The Finance Ministry has allowed Nabard to issue rural bonds worth Rs 5,000 crore with some tax benefits for certain categories of investors. An individual and a Hindu Undivided Family (HUF) investing in such bonds ... More

Bond prices rally
Bond prices rallied following statements made by the Finance Minister, Mr P. Chidambaram, about a 50-basis point reduction in lending and deposit rates. “The surplus cash in the system has given a positive cue to the market,” said a ... More

SHORT TERM INSTRUMENTS
Call rate at 6.10-6.15%
The inter-bank call rate closed at 6.10-6.15 per cent, against 4-4.25 per cent on Friday. In the one-day reverse repo auction, the RBI received and accepted 11 bids for Rs 12,215 crore. There was no repo bid. The CBLO market saw 485 trades ... More

OUTLOOK
Rate cut: PNB to await RBI cues
Mumbai, Jan. 7 Punjab National Bank will wait for the Reserve Bank of India’s signals in the Credit Policy before taking a decision on cutting lending rates, Dr K.C. Chakrabarty, Chairman, PNB, said here on Monday.“Before we ... More

Govt seeks higher pay-out from PSU insurers
‘Demand could weaken general reserves, compliance potential of cos’ More

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