The Hindu Business Line : Wednesday, November 22, 2006

OUTSOURCING
Scope International to double Chennai infrastructure capacity
Scope International, Chennai, a global shared service centre of Standard Chartered Bank, UK, will double its infrastructure capacity in Chennai to around 800,000 sq ft by February. It added two more centres in the city recently, taking the ... More

INSIGHT
Is it end of the road for reverse repo?
The Reserve Bank of India injects or removes liquidity every day from the market through repos and reverse repos. In a repo, the RBI lends funds while in a reverse repo it absorbs funds. The rates at which these are done are the repo and ... More

FOREX
Rupee gains on FII inflows
The rupee gained by almost 11 paise on Tuesday on strong FII inflows into the domestic stock markets. "News about the proceeds from Infosys's issuance of American Depository Receipts entering the market also helped the rupee. ... More

NBFCS
Shriram Transport Finance to tap growing opportunities
Shriram Transport Finance Company Ltd (STFC), the flagship company of the Shriram Group, plans to increase assets under management to Rs 15,000 crore in the next three years from Rs 7,500 crore currently to tap the growing opportunities in the ... More

LIFE INSURANCE
Unit-linked insurance for kids
Kotak Mahindra Old Mutual Life Insurance has launched a unit-linked insurance plan for children. Called `Headstart', it is available in two variants: `Future Protect,' which offers an investment and risk protection package, and `Assure Wealth' ... More

One year life cover an SMS away
Two Aditya Birla group companies — Birla Sun Life Insurance and Idea Cellular, today announced a strategic alliance that seeks to provide a host of new services. The first such is a one-year life insurance cover for Idea mobile ... More

Max New York Life ties up with AP rural bank
Max New York Life and Adilabad District Cooperative Central Bank Ltd on Wednesday announced a strategic tie-up to sell life insurance products through the rural bank. The tie-up will strengthen the insurance company's rural presence in Andhra ... More

GENERAL INSURANCE
Declined risk pool for motor cover hits roadblock
Insurers want tariffs to be revealed in advance More

PUBLIC SECTOR BANKS
SBI Karnataka circle to focus on customer service
More

GOVT BONDS
Bond prices move up
Bond yields dropped around one basis point as liquidity improved. The liquidity was around Rs 12,075 crore as against Rs 9,745 crore on Monday. The total traded volume on the order matching system was higher at Rs 8,515 crore (Rs ... More

CREDIT MARKET
`Banks may need to trim loans against shares'
Union Bank ties up with ILFS More

SHORT TERM INSTRUMENTS
Call rates dip on improved liquidity
Call rates ruled low between 6.65 per cent and 6.75 per cent against 6.9 per cent and 7 per cent on Monday, due to improved liquidity in the system. The liquidity was around Rs 12, 075 crore against Rs 9,745 crore on Monday. ... More

CREDIT CARDS & DEBIT CARDS
PNB add-on debit card
Punjab National Bank (PNB) on Tuesday announced that all the core banking solution (CBS) branch customers with PNB debit card could now have two add-on-debit cards for his/her family members, who may be spouse and dependent ... More

INTERVIEW
`Basel II delay is a blessing in disguise'
As watchers of the banking scene know, `schedule for compliance' has been redrawn for Basel II. The recent Mid-term Review of Annual Policy for the Year 2006-07 from the Reserve Bank of India (RBI) conceded that March 31, 2007 as the intended ... More