The Hindu Business Line : Thursday, May 01, 2008

INSIGHT
Morbid fascination for convolution
The convoluted process of roping in intermediaries is of a piece with the practice of securitisation indulged in by mortgage companies More

TECHNICAL ANALYSIS
Sharp depreciation in rupee
The month-end demand from oil importers and the strength in the US dollar ahead of the Federal Open Market Committee (FOMC) statement on Wednesday had a greater impact on the rupee than the 25 bps hike in the cash reserve ratio by the Reserve ... More

CREDIT POLICY
‘RBI strikes fine balance’
Coimbatore, April 30 A hike in CRR by 25 bps to 8.25 per cent in addition to the 50 bps hike announced a fortnight ago reiterates RBI’s continued focus on balancing inflation expectations through active liquidity management, says Mr Rana ... More

Credit Policy brings some relief to real estate sector
Bangalore, April 30 Important announcements by the Union Finance Minister, Mr P. Chidamabaram, and the Reserve Bank of India Governor, Dr Y.V. Reddy, today brought some relief to the real estate sector, which had feared demand slowdown due to ... More

FINANCIAL PERFORMANCE
Higher interest income buoys HDFC Q4 net
Share sale in arm adds to 40% profit rise More

Bank of India net rises 69% on all-round growth
To pay Rs 4/share; bullish on net interest income More

Bank of Maharashtra braves odds to post 21% rise in net
New Delhi, April 30 Bank of Maharashtra (BoM) on Wednesday reported a 20.8 per cent increase in net profit for the year ended March 31, 2008 at Rs 328.39 crore as compared to net profit of Rs 271.84 crore in the previous year. ... More

Non-interest income drives Dena Bank’s Q4 net up
Mumbai, April 30 Aided by a rise in non-interest income and reversed provisions, Dena Bank’s net profit has more than doubled to Rs 110.99 crore in the fourth quarter of 2007-08, against Rs 43.80 crore in the previous year.Mr P.L. ... More

HOUSING FINANCE
LIC Housing Finance chief
Mumbai: Mr R. Ramachandran Nair has taken over as the Chief Executive of LIC Housing Finance Ltd. Mr Nair, a direct recruit officer of the 1977 batch has held key positions both in India and abroad at LIC of India and LIC ... More

INTEREST RATES
‘Interest rates may harden’
Kolkata, April 29 The hike in Cash Reserve Ratio (CRR) 25 basis points, as a measure of inflation control, was foreseen though a similar hike did take place recently, according to Mr Vineet Agarwal, Executive Director, Transport Corporation of ... More

CREDIT CARDS & DEBIT CARDS
Travel credit card
More

PEOPLE
K. V. Kamath is new CII President
Mr K Vaman Kamath, Managing Director and CEO, ICICI Bank, has been elected CII President for 2008-09. He succeeds Mr Sunil Bharti Mittal. Mr Venu Srinivasan, Managing Director, Sundaram-Clayton Ltd, is the Vice-President. ... More

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Cross Currency Rates

Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
People's car

P-Note blues

Other Top Stories
Bank of India net rises 69% on all-round growth

Sistema to tap real estate, hospitality sectors

Hindalco Q4 net up 49% on tax write-back

PE deal space in India could benefit from sub-prime crisis

Looking back
Apr. 20-Apr. 26
Weak sentiments keep bond yields north-bound

‘Selective credit control can rein in inflation’

‘Citigroup will continue to invest in India’

Axis Bank net rises 63% on strong biz growth

Market keeps profits, exits losses

Oriental Bank writes off entire losses of GTB

Why sub-prime is not a crisis in India

Banks asked to follow legal procedures for taking possession of hypothecated goods

Forex reserves rise by $1.167 b