The Hindu Business Line : Saturday, May 31, 2008

Rupee gains on easing of ECB norms
The rupee substantially appreciated against the dollar reacting to liberalisation measures for external commercial borrowings and FII investments. The domestic currency opened stronger at 42.52/53 and fell to 42.61. It then rose to finally end ... More

Forex reserves surge $2.09 billion
Mumbai, May 30 The country’s foreign exchange reserves surged by $2.090 billion to touch $316.17 billion for the week ended May 23.This is the third consecutive week that the forex reserves have seen an increase. In these three ... More

FINANCIAL POLICY
Norms tightened for bank investments in associates
Mumbai, May 30 Banks that have subsidiaries or associates will now have to reserve more capital, according to an RBI circular.“The investments of a bank in the equity as well as non-equity capital instruments issued by a ... More

DERIVATIVES MARKETS
Off-balance sheet exposures deemed as credit
RBI tightens prudential norms for derivative deals More

PRIVATE BANKS
South Indian Bank mobile banking
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GOVT BONDS
Open market operations for oil bonds
Mumbai, May 30 The Reserve Bank of India will now conduct open market operations in the secondary market for oil bonds held by public sector oil marketing companies. For public sector oil companies scorched by the rising crude prices, the ... More

Bond markets steady
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SHORT TERM INSTRUMENTS
Call rates ease
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FIXED DEPOSITS
Kerala bank deposits near Rs 1 lakh-cr mark
Web site on banking information in State launched More

E-COMMERCE & E-BUSINESS
ICICI Pru offers online payments
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EVENTS
Insurance agents gearing up for million-dollar club meet
Coimbatore, May 30 The 2008 MDRT (Million Dollar Round Table) meet is slated between June 22 and 26 at Toronto in Canada.The theme of the conference this year is ‘Changing Lives’.With just three weeks left for this ... More