The Hindu Business Line : Wednesday, July 09, 2003

Will rupee options gain currency?
ON JULY 7, the rupee-based currency option made its appearance on the set of hedging instruments available to Indian corporates. The Reserve Bank of India now allows banks to offer this product in culmination of a process initiated about a decade ... More

FOREX

Rupee strengthens; securities rise
Mumbai: THE rupee closed stronger on Tuesday at 46.2850/29 per dollar, up by around 5 paise from Monday's level of 46. 3250/3350. The domestic currency opened at 46.32/33 and touched an intra-day high of 46.26 on the back of substantial dollar ... More

HOUSING FINANCE

HDFC chief urges focus on urban development
THE housing sector in India is on way to replicating the growth witnessed by the mobile telephony in the country if the property classifieds in the newspapers are any indication, according to Mr Deepak S. Parekh, Chairman, Housing Development ... More

LIFE INSURANCE

SBI Life to utilise parent's network
SBI Life has said that it will have a total of at least 500 `Insurance Points', dedicated insurance counters at banks to cater to the insurance needs of its customers, before the end of the current fiscal. The bank also announced it would pay ... More

DERIVATIVES MARKETS

Indian derivatives are coming of age
DERIVATIVES are coming home to roost in Indian financial markets. The latest addition to the family is rupee currency options, which have started trading from July 7 in over-the-counter (OTC) markets between banks on the one hand and banks and ... More

Trading volumes in currency options down
TRANSACTION volumes in rupee options plummeted to $10-15 million today, the second day after the trading in the currency derivative was allowed. Yesterday, the options trading clocked a volume of $250 million. However, bankers said the dip in ... More

PRIVATE BANKS

ICICI Bank not to renew Big B contract
ICICI Bank has decided not to renew the contract of superstar Amitabh Bachchan, who was roped in to endorse the bank almost two years ago. Its advertising agency, O&M has already been informed about the decision taken by the bank and the ads ... More

PUBLIC SECTOR BANKS

Panel studying bank equity pricing issue
THE issue of imposing a market-determined pricing for public sector banks seeking to return equity would be taken up during the monsoon session of Parliament. Speaking to newspersons on Tuesday after a meeting with top bankers and insurers, the ... More

FOREIGN BANKS

Rabo India Microfinance to extend soft loans
THE Netherlands-based Rabobank Foundation has set up an independent organisation in India to extend micro-credit facility. Rabo India Microfinance Pvt Ltd will extend `soft loans' to the micro-credit sector in India, said Rabobank Netherlands ... More

NON-PERFORMING ASSETS

One-time settlement deadline extension `too little too late'
THE National Confederation of Small Industry has termed the RBI's extension of the deadline for the One Time Settlement (OTS) scheme, as "too little too late". "The extension should not only have come sufficiently early, but should also have ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line