The Hindu Business Line : Friday, November 25, 2005

Rupee gains; bonds firmer
MUMBAI: The rupee gained for the second consecutive day on Thursday on good supplies, capital market inflows and a global correction in the US dollar. Most Asian currencies strengthened against the greenback, said dealers. The rupee ... More

INFORMATION TECHNOLOGY

PSBs spent Rs 9,487 cr on computerisation
PUBLIC sector banks have spent Rs 9,487 crore on computerisation and development of their communication network till March 2005. According to statistics provided by the Reserve Bank of India in its report , the State Bank group has spent Rs ... More

DEBT MARKET

Primary Dealers report Rs 250-cr loss
PRIMARY Dealers (PD) have reported a loss of Rs 250 crore in the fiscal ending March 2005 against a profit of Rs 1,229 crore the previous year. According to RBI's report , the fall was due to a decline in net interest income in 2004-05 as well as ... More

RBI & OTHER CENTRAL BANKS

RBI cell to monitor financial conglomerates
THE Reserve Bank of India has said it has constituted the Financial Conglomerate Cell (FCC) within the Department of Banking Supervision in the wake of many financial conglomerates emerging in India. The FCC is a nodal agency which co-ordinates ... More

RBI cautions banks on higher market risk
INDIAN banks could face higher market risk due to global financial imbalances and volatility in oil prices, the Reserve Bank of India has cautioned. In its report , the RBI said though banks are now operating in a much better credit risk ... More

PUBLIC SECTOR BANKS

Some PSBs pitch for competition, not keen on fixing floor rates for loans
A SECTION of public sector banks does not appear to be keen on reaching an informal, industry-wide floor-level lending rate structure. Discussions are on between banks to arrive at an understanding on indicative floor-level lending rates for ... More

BoB move to extend biz hours in TN
BANK of Baroda (BoB) Tamil Nadu region, is in the process of extending its business hours and expanding its network. Taking cue from other players in the banking industry, select branches in the region have started offering 8 to 8 banking ... More

PNB opens exchange bureau in Bangalore
THE public sector Punjab National Bank (PNB) has opened an exchange bureau in Bangalore and intends to follow up with one such office in Chennai. A PNB release said here on Wednesday that the exchange bureau would facilitate money changing ... More

RBI pat for clearing house
BANK of Baroda's Clearing House in Coimbatore is likely to emerge as a `Model CH' in the entire banking system, the BoB's Tamil Nadu Region Assistant General Manager, Mr N.M. Prabhu, told Business Line. In an informal chat, he said a ... More

FOREIGN BANKS

HSBC opens yet another service centre in Hyderabad
HSBC today commissioned its fifth global resourcing facility in the country and the second in Hyderabad, with 3,500 seats in a 2.5-lakh sq ft built-up space. This facility would serve both as a knowledge process outsourcing (KPO) centre for ... More

CREDIT CARDS & DEBIT CARDS

Invitation card
The Amex Platinum card provides free access to the top golf clubs of Delhi, Mumbai and Bangalore for non-members, who can enjoy the facilities of the prestigious clubs. More

CUSTOMER RELATIONSHIP MANAGEMENT

An uncomplaining lot
INDIAN banking customers seem to be an uncomplaining lot. For a country with a banking system boasting of over 60,000 branches and at least 100 million customers, there is barely a whimper about service levels in various banks. According to ... More

PUBLIC OFFER

Retail investors to get 5% discount in ICICI Bank's public issue
ICICI Bank has decided to offer shares to domestic retail investors (investing up to a maximum of Rs 1 lakh) at a five per cent discount to the issue price in its public issue opening on December 1. The total issue size is Rs 8,050 crore, ... More

TRENDS

Indian banks fare well against global peers
THE Indian banking sector compares well with the global benchmarks, thanks to prudential supervision and the measuresundertaken by the Reserve Bank of India and the Government. In its report on Trends and Progresses of Banking in India ... More

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