The Hindu Business Line : Thursday, October 20, 2005

Rupee volatile; securities weak
MUMBAI: The forex market was volatile on Wednesday with the rupee tracking the movement of the dollar in the overseas markets. The rupee opened at 45.30/31, touched a low of 45.41 but recovered to close at 45.16, almost unchanged from ... More

SOFTWARE

Datawarehousing — Teradata eyes banking sector
IF you need to locate your next ATM, how do you decide where to set it up? Well, this can be addressed by extracting information from the large database a bank creates from its business, according to Teradata, the $1.4-billion datawarehousing ... More

HOUSING FINANCE

Draft policy on urban housing for wider resource pool — Housing finance cos may get to tap PFs, insurers
HOUSING finance companies (HFCs) are likely to be permitted to tap provident funds (PF) and insurance companies to raise resources. At present, most housing companies are restricted to raising funds only through equity or fixed deposits in the ... More

Syndicate Bank launches rural housing plan for poor women
SYNDICATE Bank, in association with Rajiv Gandhi Rural Housing Corporation and Kadamba Charitable Trust of Sirsi, has launched `Synd Kuteera' — a rural housing scheme for women belonging to the below poverty line (BPL) category. Under ... More

PRIVATE BANKS

UTI Bank branch at Ongole
HYDERABAD: UTI Bank has announced that it opened a branch at Ongole on Thursday. The bank's President, Mr S. Sengupta, inaugurated the branch, according to a release. At present, the bank has a network of 287 branches, 89 extension ... More

PUBLIC SECTOR BANKS

SBM opens corporate branch in Delhi
NEW DELHI: State Bank of Mysore, an associate of State Bank of India, opened its first corporate branch at Nehru Place in New Delhi. The branch was inaugurated by the bank's Managing Director, Mr Y. Vijayanand. ... More

FOREIGN BANKS

Exim Bank signs pact with UBI
On Wednesday, Exim Bank signed a memorandum of cooperation with United Bank of India. The agreement provides for a collaboration on exchange of information, sharing expertise in settlement of payments, providing advisory services, etc. The ... More

FINANCIAL INSTITUTIONS

Exim Bank funding for buys overseas may touch Rs 800 cr
EXPORT Import Bank of India is keen on funding overseas acquisitions by Indian companies. It is assessing about half a dozen proposals, which, if financed, will take its exposure to about Rs 800 crore by the end of this fiscal. Exim Bank, which ... More

SHORT TERM INSTRUMENTS

T-bill auctions fully subscribed
THE auctions of the 91-day Treasury bill and the 182-day Treasury bill on Wednesday were fully subscribed, said an RBI press release. The notified amount for the 91-day T-bill was Rs 2,000 crore, of which Rs 1,500 crore was under the Market ... More

CREDIT CARDS & DEBIT CARDS

Visa credit card issuance up 42 pc in India
VISA International has reported a 42-per cent increase in credit card issuance, making India one of the fastest growing markets in the Asia-Pacific region. Briefing reporters here today, the Visa Country Manager, Mr Santanu Mukherjee, said the ... More

HDFC Bank unveils corporate credit card for SMEs
HDFC Bank on Wednesday launched a corporate credit card for the small and medium enterprises (SME) segment jointly with MasterCard. The card, christened HDFC Bank PowerPlus BusinessCard, can be used to pay for business expenses and is linked to ... More

TRADE & LABOUR UNIONS

Transfers hold up insurance wage hike notification
DISAGREEMENTS between the unions and the managements of public sector general insurance companies over "transfers" are holding up the notification of the wage revision. The Unions and the managements represented by GIPSA (General Insurance ... More

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