The Hindu Business Line : Tuesday, May 27, 2008

FINANCIAL PERFORMANCE
Shriram Transport Q4 net up on used vehicle loans
Chennai, May 26 Shriram Transport Finance Company has reported a 130 per cent rise in its net profit for the fourth quarter of 2007-08. The company’s board has recommended a dividend of Rs 4 a share (40 per cent), taking the total ... More

DEBT MARKET
‘Contractual savings need better tax treatment’
To boost development of corporate debt market, says RBI Governor More

RBI & OTHER CENTRAL BANKS
Familiarise staff about simplified KYC norms, banks told
Mumbai, May 26 Opening banks accounts is still a problem and a hurdle despite the Reserve Bank of India issuing guidelines of simplified Know Your Customer norms for ‘no-frills’ accounts. Some banks are unwilling to open such ... More

PUBLIC SECTOR BANKS
SBI hikes rates on long-term deposits
Mumbai, May 26 State Bank of India on Monday announced an increase of 25 to 50 basis points in interest rate on deposits of tenures of two years and above. The revision which will come into effect from June 1, has been done mainly to ... More

TODAY'S PICK (Latest Audio: English/Tamil)
Central Bank of India (Rs 85.35): Sell
We recommend a sell in Central Bank of India from a short-term perspective. It is evident from the charts that the stock has been on an intermediate-term downtrend from its 52-week-high of Rs 154 recorded in early January 2008. However, after ... More

Union Bank plans more branches
Union Bank of India is planning to set up 20 branches in Dakshina Kannada district. A press release said here on Monday that this was informed at a ‘customers’ meet’ organised by the Kulur branch of the bank here recently. The ... More

SHORT TERM INSTRUMENTS
Call rates move lower
More

INTERVIEW
ICICI Bank sees gains from low-cost overseas retail deposits
We want to expand further in existing markets, deepen presence in mainland China, says ED More

BOOKS
Book on Indian Bank released
The Reserve Bank of India Governor, Dr Y.V.Reddy, on Monday released a book that narrated the turnaround story of ‘Indian Bank’, a public sector bank. Titled ‘A new beginning –The Turnaround story of Indian ... 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
Amara Raja gears up for battery-driven car markets

‘Contractual savings need better tax treatment’

Global tea prices increase in Q1

Inflation control — Policies that do not yield results

A gala BJP debut in South

Deposit for new cooking gas connection raised by Rs 400

Looking back
May. 18-May. 24
Accounting standards on disclosure of financial instruments receive nod

Yields firm on surging oil prices, tightening liquidity

Biometric card for remote rural areas

Improved NPA recovery helps Bank of Baroda

In defence of Alan Greenspan

Forex reserves rise by over $1 b

No doubts on waiver scheme, says PNB chief