The Hindu Business Line : Saturday, March 29, 2008

LIFE INSURANCE
LIC policy digitalisation by June
The Madurai Division of LIC of India will be completing digitalisation of policies by the end of June, according to Mr S. Chandrasekar, Senior Divisional Manager, Madurai. The project was taken up as a pilot measure under Enterprise Date ... More

HUMAN RESOURCES
‘Employees entitled to more when banks make more profits’
Mumbai, March 28 The Union Finance Minister, Mr P. Chidambaram, today made out a case for banks paying higher wages to its employees. While speaking at the inauguration of Union Bank of India’s 100 per cent Core Banking Service, ... More

PUBLIC SECTOR BANKS
SBH to open 50 more branches
State Bank of Hyderabad is planning to open 50 new branches and 250 ATMs in the next financial year.The bank would be crossing the landmark of Rs 1 lakh-crore business in the second quarter of the next financial year and is expecting to ... More

Syndicate Bank plans more branches
More

FOREIGN BANKS
HSBC Bank to hire 3,500 this year
People from non-banking sectors too are welcome More

GOVT BONDS
Bond prices plunge
Bond prices crashed by around 85-95 paise as higher than expected inflation figures triggered traders to sell heavily. Most market participants were taken by complete surprise and began to sell off to curb losses. “The inflation ... More

CORPORATE BONDS
‘Vibrant corporate bond market must for growth’
$500 b needed for infrastructure investment: Chidambaram More

Govt issues Rs 9,297 cr oil bonds
New Delhi, March 28 Government on Friday issued oil bonds worth Rs 9,296.92 crore in order to compensate public-sector oil marketing companies for their under recoveries. According to an official release, the Finance Ministry has ... More

CREDIT MARKET
Madurai’s Annual Credit Plan
The Annual Credit Plan (ACP) for Madurai district for the year 2008-09 envisages an outlay of Rs 1,480.70 crore, up by 20.8 per cent over the previous year. The Plan provides Rs 898.74 crore for agriculture and allied activities; Rs 259.98 crore ... More

SHORT TERM INSTRUMENTS
Call rates move up
The inter bank call rate ended at 6-6.25 per cent, against the previous close at 4-4.5 per cent. In the three-day repo auction under the liquidity adjustment facility, the RBI received and accepted 11 bids for Rs 20,585 crore. In the reverse-repo ... More

ALLIANCES & JOINT VENTURES
Sundaram BNP Paribas, Central Bank tie up
Mumbai, March 28 Sundaram BNP Paribas Mutual has tied up with Central Bank of India to form a strategic distribution alliance. Under the MoU signed by them, Central Bank of India will distribute the entire bouquet of Sundaram BNP ... More

E-COMMERCE & E-BUSINESS
E-platform for corporate debt trading launched
Mumbai, March 28 India’s first live corporate debt trade facilitating platform called ‘Dome’ has been launched by Derivium Capital and Securities Pvt Ltd. A web-based platform, ‘dome’ in its launch phase is ... More

M-COMMERCE
Corporation Bank's new facility
More

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