The Hindu Business Line : Friday, March 14, 2008

Dollar inflows cushion rupee fall
The rupee weakened by over 10 paise tracking the slump in the domestic stock market and the rise in the price of global crude to $110 per barrel. The domestic currency opened at 40.48/50 and touched an intra-day low of 40.59. It closed the day at ... More

CONSUMER FINANCE
Higher spreads, larger pool to drive used car loans segment
Mumbai, March 13 Finance for second hand cars has grown by almost 25 per cent on a year-on-year basis and bankers expect it to double in the next three-to-four years. According to a recent report by Crisil, the estimated used car finance grew ... More

PUBLIC SECTOR BANKS
SBH to raise Rs 900 cr
To meet Basel II norms More

FOREIGN BANKS
Barclays offers service through mobile phone
Chennai, March 13 Barclays Bank on Thursday launched ‘Hello Money’ — a service that enables some banking transactions using the mobile phone. A person who has an account with the bank can transfer money to another ... More

GOVT BONDS
Bond prices slip on profit booking
More

SHORT TERM INSTRUMENTS
Call rates unchanged
More

TRADE & LABOUR UNIONS
Pension scheme: Decision on actuarial firms likely next week
New Delhi, March 13 Bank unions under the aegis of the United Forum of Bank Unions (UFBU) and the Indian Banks’ Association (IBA) are likely to, on March 18, decide on the names of the actuarial firms that would compute the additional ... More

SBI's one day token strike
More

ALLIANCES & JOINT VENTURES
United Bank to tie up with Kotak Mahindra
Kolkata, March 13 United Bank of India is tying up with Kotak Mahindra to sell mutual funds. UBI currently has tie-ups with five asset management companies, including UTI, HDFC, Franklin Templeton, Reliance and ICICI Prudential for selling ... More

Union Bank ties up with IDBI Capital to offer online trading
Mumbai, March 13 IDBI Capital Market Services Ltd, a financial services provider, and Union Bank of India on Thursday announced a strategic tie-up to offer the former’s online trading platform to the bank’s customers. ... More

OUTLOOK
Bankers remain optimistic
Chennai, March 13 A year ago, ICICI Bank’s Managing Director, Mr K.V. Kamath, said the investment pipeline of corporate India was of the order of $400 to $500 billion (or about Rs 20 lakh crore). About six weeks ago, he revised ... More

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Cross Currency Rates

People's car

P-Note blues

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

Other Top Stories
New projects boost iron ore carrying capacity of Railways

Rains splatter central TN, eye Kerala

Bankers remain optimistic

Question waiting for an answer

UP cane price issue: HC order likely next week

Zee, Star TV gear up for big showdown this summer

RCom wants GSM spectrum in 900 Mhz

Looking back
Mar. 2-Mar. 8
‘Debt waiver good for banks’

‘Cost of SIDBI’s refinance will come down’

Bonds stable as liquidity eases on arbitrage flows

Oil cos begin selling bonds

‘Basel II norms to provide resilience against financial, economic shocks’

Private fund managers for pensions ruled out