The Hindu Business Line : Thursday, January 11, 2007

FOREX
Rupee weakens by 18 paise
The rupee weakened by 18 paise on Wednesday on dollar buying by foreign banks. The rupee opened at 44.46/48, touched an intra-day low of 44.55 and ended at 44.55/56 against Tuesday's close at 44.37. "Weak stock markets also ... More

INFORMATION TECHNOLOGY
All SIB branches under core banking by Feb
New logo to be launched on Feb 5 More

TECHNOLOGY
Biometric cards pilot project to start off in AP district
Banks taking benefits of technology to rural areas More

PRIVATE BANKS
IndusInd Bank in Warangal
IndusInd Bank Ltd has announced that its new branch at Warangal and the 15th in Andhra Pradesh was inaugurated by Mr Ponnala Lakshmaiah, State Minister for Major and Medium Irrigation, on Monday. Speaking at the inauguration, Mr Varghese ... More

PUBLIC SECTOR BANKS
IOB begins sale of gold coins
Indian Overseas Bank, Visakhapatnam region, has started selling gold coins in denominations of 4 gm, 8 gm, 20 gm and 50 gm. Mr M.N. Krishnan, Chief Regional Manager, said at a press meet here on Tuesday that the gold coins would be imported ... More

GOVT BONDS
Bond prices fall 24 paise
Bond prices fell by 24 paise as dealers offloaded government securities ahead of the Rs 4,000-crore auction on January 12. "Liquidity is still tight. Market participants need to make room for the auction, which is why most are in ... More

SHORT TERM INSTRUMENTS
T-bills fully subscribed
The Rs 3,500-crore 91-day and 182-day T-bills auctions today were fully subscribed. The Market Stabilisation Scheme (MSS) amount for the 182-day T-bill was Rs 1,000 crore. The Reserve bank of India received 50 competitive bids of Rs 3,408.40 ... More

Call rates rule at 8-8.25 pc
Banks today borrowed over Rs 18,000 crore from the RBI at 7.25 per cent even as the call rates ruled at 8-8.25 per cent against the previous close of 8.25 per cent- 8.50 per cent on Tuesday. In the first one-day reverse-repo ... More

PUBLIC OFFER
Dhanalakshmi Bank plans to expand capital base
Talks on with investment bankers More

PEOPLE
Govt nominee on Andhra Bank board
Andhra Bank has informed the Bombay Stock Exchange that the Union Ministry of Finance, Department of Economic Affairs (Banking Division), has nominated Mr Rama Chandra Khuntia as part time non-official director on the board of ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

Top Stories
Laboratories of sad politics

Novatium unveils pilot of low-cost PC

TUFS may be extended, says Elangovan

Biometric cards pilot project to start off in AP district

ONGC to complete tendering of marginal onland fields soon

India to pitch for stronger presence in Sakhalin projects

`Policy on FDI in commodity exchanges in 4-6 weeks'

2006, best ever year for GSM industry

Looking back
Dec. 31-Jan. 6
Fire cover tariffs drop as free pricing kicks in

New round of lending rate hikes

`Consumers expect lower insurance premiums'

ING group in talks with India Post

RBI fiat on property evaluation

Inflation trend on expected lines: Reddy