The Hindu Business Line : Friday, September 15, 2006

INSIGHT
Convertibility — conditions and consequences
Instead of devoting more attention to dollarisation, the Second Tarapore Committee has gone into detail on the possibility of internationalisation of the rupee, which is not likely to happen in the near future. More

FOREX
Rupee gains against dollar
The rupee gained against the dollar on stock market inflows on Thursday. A weak dollar ahead of the US retail sales data also helped the Indian currency, said dealers. The rupee opened higher at 46.12 and touched a high of ... More

SOFTWARE
Croatian bank uses Infosys' Finacle
Infosys Technologies announced that a domestic bank in Croatia, Hrvatska Po{scaron}tanska Banka (HPB), has selected Finacle Universal Banking Solution from Infosys to drive its technology-led transformation initiative. Finacle ... More

CSB, Laser Soft in pact to develop core banking tool
Catholic Syrian Bank (CSB) has entered into an agreement with Laser Soft Infosystems Ltd to jointly develop a core banking solution. This is the first of its kind in the banking industry, said Mr N.R. Achan, Chairman, CSB. Under the agreement, ... More

GENERAL INSURANCE
Oriental to hike medical premium for 50 plus
Health check-ups to be mandatory before renewal More

RBI & OTHER CENTRAL BANKS
Centre can nominate RBI official to ICAI
The legal decks have been cleared for the Central Government to nominate a person "holding position" under the Reserve Bank of India to the Central Council of the Institute of Chartered Accountants of India (ICAI). So far, no RBI official could ... More

RBI panel on financial sector assessment
Reserve Bank of India on Thursday announced the constitution of a `committee on financial sector assessment.' Dr Rakesh Mohan, Deputy Governor, RBI will be the chairman of the committee and Mr Ashok Jha, Secretary (Economic Affairs) the ... More

PUBLIC SECTOR BANKS
Corpn Bank, OBC, Indian Bank to form alliance
Unions taken into confidence More

GOVT BONDS
Bonds slip on advance tax inflow
Bond prices fell by about 38 paise on advance tax payments made by corporates. The total traded volume on the order matching system was Rs 2,720 crore (Rs 3,435 crore). Dealers said bond prices slipped on fears of a liquidity ... More

SHORT TERM INSTRUMENTS
Call rates unchanged
Call rates were between 6.00 and 6.10 per cent. In the first one-day reverse repo auction under LAF, Reserve Bank of India received and accepted 19 bids amounting to Rs 21,570 crore and in the second one-day reverse repo auction, ... More

CREDIT CARDS & DEBIT CARDS
Zero credit to technology
At a recent conference in the capital, one senior private sector executive shared his views on technology improvements in the financial sector. He told an amused audience that he had recently received an SMS from his credit-card company informing ... More

MERGERS & ACQUISITIONS
UWB sets up committee
United Western Bank has informed the BSE that its board has considered the draft amalgamation scheme and decided to set up a committee to list certain issues relating to taxation and accounting procedures. The board will meet ... More

OVERSEAS INVESTMENTS
BoB plans Singapore offshore unit
Launches Net banking facility More

EVENTS
LUGI convention from today
The Chairman of Life Insurance Corporation of India, Mr T.S. Vijayan, will inaugurate the fourth annual convention of Life Underwriters Guild of India (LUGI) here on Friday. Over 400 participants, most of whom are life ... More

PEOPLE
Russia's central banker shot dead
`Contract hit' victim of drive against money-laundering? More