The Hindu Business Line : Saturday, January 13, 2007

AWARDS & HONOURS
Award for DSP Merrill Lynch
DSP Merrill Lynch Ltd (DSPML), a financial management and advisory company, has been ranked No 1 for private banking services in the Euromoney's 2007 India private banking poll results. It has bagged the `Best Private Bank' ... More

FOREX
Forex reserves down $666 m
The foreign exchange reserves fell by $666 million for the week ended January 5, due to depletion in foreign currency assets. The forex kitty now stands at $176.585 billion. In the previous week, the reserves had surged by $1.018 billion to ... More

Rupee gains 12 paise
The rupee strengthened against the dollar by 12 paise on Friday following good FII inflows into the stock markets, dealer said. The rupee opened at 44.60, touched an intra-day low of 44.62, to finally close at 44.43, against ... More

FINANCIAL PERFORMANCE
Rise in advances lifts UTI Bank Q3 net by 40 pc
`Robust rise in demand deposits; no immediate impact of rising interest rates' More

LIFE INSURANCE
Max New York Life ties up with co-op
Five more tie-ups in pipeline, says insurance major More

GENERAL INSURANCE
Universal Sompo plans operations by March-end
Universal Sompo General Insurance, the joint venture between a clutch of PSU banks, Dabur and Japan's Sompo, expects to launch operations by the end of March, subject to necessary approvals. The company intends to focus on product innovation, ... More

Star Health policy targets Gulf NRIs
No age limit for cover for parents More

DEBT MARKET
Bond prices crash by Rs 2
Bankers welcome scrapping floor rate for SLR More

RBI & OTHER CENTRAL BANKS
$225-million World Bank loan for AP
The World Bank has approved a loan of $225 million to Andhra Pradesh to support the State's fiscal, administrative and service delivery reforms. The Board of Executive Directors of the Bank approved the new line of loan/credit. The Third ... More

PUBLIC SECTOR BANKS

Correction

SHORT TERM INSTRUMENTS
Call rates at 7.9-8.1%
Call rates ruled at 7.9-8.1 per cent against Thursday's 8-8.25 per cent. In the first three-day reverse-repo auction under LAF, the RBI received and accepted one bid for Rs 45 crore and in the first three-day repo auction, the ... More

TRADE & LABOUR UNIONS
Central Bank staff strike on Jan 22
Central Bank of India employees across the country will strike work on January 22. This is in protest against what the unions call the management's attack on their rights, and unilateral changes in staff-related policies. The ... More

Nabard staff plan protest
Scrapping RBI decision not to continue its support forms key demand More

PEOPLE
Rama Murthy, Corporation Bank GM
Mr K. Rama Murthy, Deputy General Manager of Corporation Bank, has been promoted as General Manager of the bank. A bank release said here on Friday that Mr Rama Murthy joined the services of the bank in 1976 as an officer and ... More

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Cross Currency Rates

Revenue Dept notifies timelines for 100% EOU activities

Fall in crude prices may affect bio-fuel industry

Airlines plan more off-season cheap tickets

`Inflation a concern, but within expectations'

Forex reserves down $666 m

Maharashtra likely to gain from lifting of sugar ban

`Vibrant Gujarat' signs 104 MoUs worth Rs 2.5 lakh cr

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