The Hindu Business Line : Tuesday, March 18, 2008

FOREX
Rupee declines 30 paise
The rupee depreciated by around 30 paise against the dollar on Monday following the meltdown in the domestic stock market. The currency opened at 40.70/72 and touched an intra day low of 40.83. It, however, recovered during the day to end at ... More

INFORMATION TECHNOLOGY
‘IT has revolutionised banking operations’
The diverse applications of information technology (IT) in banking sector – from the days of local area networks (LANs) to the current era of Internet banking, from the days of the use of Advanced Ledger Posting Machines (ALPMs) to the ... More

FINANCIAL MARKETS
Unwinding of positions seen as $ weakens
Kolkata, March 17 Yen and Swiss franc firmed up on Monday as risk aversion dogged the global financial markets. Investors reduced exposure to risky assets and unwound trades funded by the Japanese and Swiss currencies. Yen and Swiss franc have ... More

DERIVATIVES MARKETS
Cos await legal verdict on the complaint of mis-selling by banks
Forex derivatives contracts More

PRIVATE BANKS
Centurion forex services through India Post network
New Delhi, March 17 The ubiquitous post office is now expanding its role to offer a wide range of foreign exchange services including money changing, travellers’ cheques, pre-paid cards and wire transfer services to the public. ... More

PUBLIC SECTOR BANKS
SBI rights issue trades close to discounted price
Mumbai, March 17 The shares of State Bank of India on Monday traded close to the discounted price the bank is offering its rights issue, due to the general downturn in the stock market. The largest bank in the country had priced its ... More

FINANCIAL INSTITUTIONS
IFC signs carbon delivery guarantee
IFC, the private investment arm of the World Bank Group, has signed its first carbon delivery guarantee agreement in India. IFC signed a deal for 8.5 lakh carbon credits from Rain CII Carbon (India) Ltd (formerly Rain Calcining Ltd), an IFC ... More

GOVT BONDS
Bond markets end flat
More

CREDIT MARKET
India growth story strong
No signs of slowdown, says HSBC India’s Kidwai More

SHORT TERM INSTRUMENTS
Call rates slightly lower
More

MORTGAGE
Union Bank readies reverse mortgage product
Hyderabad, March 17 Union Bank of India has readied a reverse mortgage loan product which will be launched in couple of weeks, according to Mr M.V. Nair, Chairman and Managing Director, Union Bank of India.“The tax concessions ... More

OVERSEAS INVESTMENTS
Oriental Bank plans representative office in Dubai
Mangalore, March 17 Oriental Bank of Commerce is planning to make its overseas foray with a representative office in Dubai in the next three to five months. Addressing presspersons here on Monday, Mr Allen C.A. Pereira, Executive ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

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 Hyderabad airport : Low-cost airlines fret over ground handling charges

On selling spree

‘Gold price trend hinges on Fed rate cut’

Aviation, telecom cos keen on Future Card’s loyalty offerings

Signet Solar to invest Rs 2,000 cr to make photovoltaic modules

BIA users worried over higher costs for services

Looking back
Mar. 9-Mar. 15
Bond yields up on inflation concerns, rising global oil prices

Reliance General Insurance clocks 125% growth

Bankers remain optimistic

Forex reserves rise $2.2 b

2008-09 reinsurance terms seen to favour insurers here