The Hindu Business Line : Tuesday, March 25, 2008

FINANCIAL SERVICES
TCS to provide e-signature platform to Prudential
Mumbai, March 24 Tata Consultancy Services (TCS) has been selected to provide its flagship electronic signature platform for US-based financial services provider Prudential Financial Inc (PFI). Christened FormSigner™ PRO, ... More

FOREX
Rupee gains on dollar selling
More

HOUSING FINANCE
Housing loans: Chidambaram happy with banks’ response
Tiruchi, March 24 Allahabad Bank has introduced a wide range of new services including the Internet banking, SMS banking, mobile banking and e-payment facility. The services were introduced recently at a function as part of inaugural of the ... More

RBI & OTHER CENTRAL BANKS
RBI asks corporates to source funds locally
Banks against allowing cos borrow overseas due to lull in credit offtake More

PUBLIC SECTOR BANKS
Dena Bank raises Rs 106 cr in bonds
Dena Bank has raised lower Tier II Bonds (Series IX) Capital funds to augment long term resources of the bank and to meet its future capital adequacy ratio requirements in the nature of debentures on private placement basis for an amount of Rs ... More

GOVT BONDS
Bonds fall on inflation data
More

CORPORATE BONDS
PNB to raise Rs 500 cr via upper tier-II bonds
Punjab National Bank plans to raise fresh capital of Rs 500 crore by issuing upper tier-II bonds on a private placement basis, taking the overall capital raised by the bank this fiscal to over Rs 2,600 crore. The latest bond offering ... More

CREDIT MARKET
Children reverse mortgage plans of parents
More

SHORT TERM INSTRUMENTS
Call rates close higher
More

E-COMMERCE & E-BUSINESS
RBI modifies fund transfer system
Kolkata, March 24 The Reserve Bank of India has introduced necessary modifications in National Electronic Fund Transfer (NEFT) settlement system to enable all RTGS (real time gross settlement) members, including the banks not having direct ... More

CO-OPERATIVES
Bengal co-op bank seeks clarifications on farm loan waiver scheme
The ambiguities in the Agricultural Loan Waiver and Debt Relief Scheme have left co-operative banks in a quandary so much that the Chairman of West Bengal State Cooperative Bank (WBSCB) has sought immediate intervention of both the RBI ... More

BOOKS
A case study on risks from rapid growth
Chennai, March 24 As the first Indian bank to provide Internet banking, to securitise microfinance portfolios, to make simultaneous equity offering in three markets (US, India and Japan), to introduce bill payment facility on ATMs, and to ... More

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