The Hindu Business Line : Friday, March 09, 2007

OVERSEAS BORROWINGS
ING Vysya to raise tier-two capital
The board of Directors of ING Vysya Bank has approved the raising of upper tier two capital through unlisted yen denominated bonds from the parent ING N V. A stock exchange notification from the bank said the amount would be ... More

FOREX
Rupee gains 20 paise
The rupee gained by around 20 paise against the greenback tracking the surge in the domestic stock market. The domestic currency opened at 44.50/52 and touched an intra-day low of 44.57/58. It finally closed the day at 44.33/34 ... More

INFORMATION TECHNOLOGY
SBI signs pact with S. Rly for ATMs
State Bank of India (SBI), Madurai Zone signed an agreement with Southern Railway, for installation of ATMs in eight railway stations in Madurai division, in a function held in the city. The ATMs are to be installed in Madurai, Tirunelveli, ... More

HOUSING FINANCE
PNB Housing Finance targets cluster financing
PNB Housing Finance Ltd, a wholly owned subsidiary of the Punjab National Bank, will be promoting cluster financing to facilitate housing loans while upping the disbursals from Rs 600 crore in the current year to Rs 700 crore in the forthcoming ... More

GENERAL INSURANCE
Non-life premiums up 26 pc in January
`Customers are now making use of their discounts by going in for a larger insurance policy paying the same premium.' More

National Insurance milestone
National Insurance Company Ltd is all set to achieve one billion dollar premium income shortly, according to Mr V. Ramaswamy, Chairman and Managing Director. Speaking after inaugurating the new premises of the Kochi Regional ... More

PUBLIC SECTOR BANKS
IOB to upgrade extension counters in Mangalore
IOB has decided to upgrade two of its extension counters in Mangalore to full-fledged branches. A bank release said on Thursday that the VCPH extension counter in Mangalore will be upgraded as a branch from March 11 and will be ... More

GOVT BONDS
Bond prices lower 30 paise
Bond prices fell by around 30 paise on Thursday as traders were cautious ahead of the Rs 7,000-crore Government security auction on Friday. Total traded volumes on the order-matching system were Rs 1,175 crore. Sentiment was ... More

CREDIT MARKET
Banks push States to close loans
Move to overcome slack deposit growth amid brisk credit offtake More

ICICI Bank sees slowdown in retail credit growth
ICICI Bank is seeing a slowdown in the growth of its retail loans to 20 per cent this fiscal, against the previous year's jump of 40 per cent. "In the past five years, ICICI Bank has seen a growth of 40 per cent in retail loans which has slowed ... More

SHORT TERM INSTRUMENTS
Call rates down
Call rates closed at 5.45-5.65 per cent (5.50-5.60) on Thursday. In the first one-day reverse repo auction, the RBI received 22 bids for Rs 15,900 crore, but accepted only 22 bids for Rs 1,994 crore (against the limit of Rs 2,000 ... More

PEOPLE
New Workmen Director, Andhra Bank
Mr T. Ravindranath, General Secretary, All-India Andhra Bank Award Employees Union, has been appointed by the Union Ministry of Finance as workmen employee Director on the board of directors of the Andhra Bank for a period of ... More

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Looking back
Feb. 25-Mar. 3
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Putting forex reserves to good use

Visa hopes to cash in on World Cup fever

`Allow small growers to hedge risks in futures market'

Forex reserves swell on strong FII inflows