The Hindu Business Line : Saturday, December 16, 2006

AWARDS & HONOURS
SBH bags award
State Bank of Hyderabad (SBH) here has been awarded the best prize in PR in Action and second best in mass awareness campaign at the recently concluded 28th All India Public Relations Conference, at Lucknow. Mr D. Virinchi, ... More

FOREX
Forex reserves down $45 m
After going up for three weeks in a row, forex reserves fell marginally for the week ended December 8 mainly due to change in currency assets. According to figures released by the Reserve Bank of India, forex reserves decreased by $ 45 million ... More

Rupee weakens by 5 paise
The rupee weakened by around five paise, tracking the movement of the euro and yen against the dollar. The home currency opened 44.70, touched an intra-day high of 44.66 to finally close at 44.70 against 44.65 on Thursday. "FII ... More

LIFE INSURANCE
Kotak Life looking for rural tie-ups
Kotak Life Insurance is looking at roping in co-operative banks, primary agricultural co-operative societies (PACS), NGOs and self-help groups to sell its products in the rural areas. "We are planning to have rural tie-ups for distributing our ... More

DEBT MARKET
New Bill enables trading of securitised debt
To come under disclosure-based norms More

Bonds recoup losses
Bond prices rose by over 20 paise on the back of lower inflation figures. Total traded volumes were higher at Rs 3,080 crore (Rs 1,935 crore). Prices initially opened lower than Thursday's close but sentiment ... More

PRIVATE BANKS
Development Credit Bank EGM okays QIB placement
Plans to raise Rs 225 crore More

PUBLIC SECTOR BANKS
Andhra Bank mobile ATM
The President of Travancore Devaswom Board, Mr G. Raman Nair, inaugurated Andhra Bank's mobile ATM at Kottayam on Friday. Andhra Bank is the first bank to launch a mobile ATM in Kerala, Mr Prasad, Senior Bank Manager, said. The ... More

Andhra Bank opens new branch at Vyttila in Kochi
Andhra Bank opened its 21st branch in Kerala at Vyttila in Kochi today. The branch, which has ATM facilities, was opened by the Chairperson of the Coconut Development Board, Ms Minnie Mathew. Presiding over the function, Dr K. ... More

FINANCIAL INSTITUTIONS
IDBI, IFC join hands on carbon projects
Industrial Development Bank of India Ltd (IDBI) entered into a non-exclusive memorandum of understanding with Washington-based International Finance Corporation on Friday, to jointly assist domestic companies undertaking Clean Development ... More

SHORT TERM INSTRUMENTS
Call rates close higher
The call rate closed at 8-8.10 per cent (7.9-8 per cent). In the first three-day reverse repo auction under the liquidity adjustment facility, the Reserve Bank of India received and accepted seventeen bids for Rs 5,225 crore and ... More

OUTLOOK
Banks' profits for Q3 may remain buoyant
Net interest margins showing improvement More