The Hindu Business Line : Tuesday, April 10, 2007

FOREX
Rupee gains marginally
The rupee traded around the eight-year high mark and strengthened marginally on Monday to close at 42.91 against the dollar. The currency opened at 42.92, saw an intra-day high of 42.75 before closing at 42.91 against Thursday's ... More

CONSUMER FINANCE
Interest rate hike may slow down car purchases
Auto majors' finance schemes could lure customers More

PUBLIC SECTOR BANKS
Oriental Bank mulls bond issue
Oriental Bank of Commerce may raise up to Rs 500 crore capital during the first quarter of the current fiscal . "This would be Tier-II capital. There is headroom for us to raise Tier-II capital. We will most likely tap the market ... More

FOREIGN BANKS
ABN Amro deepens micro-finance exposure
Spots NGOs and helps them grow into MFIs More

HSBC awaits nod for 30 branches, 50 ATMs
South to account for big chunk More

INTEREST RATES
Centurion Bank hikes PLR
Centurion Bank of Punjab has hiked its prime lending rates by 50 basis points to 15 per cent per annum, effective April 10. "In recent months, we have witnessed fiscal and monetary measures from the government and the central ... More

GOVT BONDS
Markets upbeat on heavy buying
Sensex rises 321 points More

Bond yields fall 8 bps
Bond prices rose by about 53 paise (yields fell by almost eight basis points) on improved liquidity in the banking system. Banks placed over Rs 9,000 crore with the RBI through the reverse-repo window while the central bank ... More

NON-PERFORMING ASSETS
Trayons revival: Promoter asked to settle bank dues
`Govt keen to avert repeat of earlier failure' More

CREDIT MARKET
SIDBI posts 80% rise in credit offtake in Kerala
Small Industries Development Bank of India (SIDBI) has registered 80 per cent growth in credit disbursement in Kerala in the last fiscal as it disbursed Rs 750 crore for the SME sector in the State against the Rs 479 crore in the previous fiscal. ... More

SHORT TERM INSTRUMENTS
Call rates ease
Call rates eased to close at 6.75-7 per cent on Monday against Thursday's close at 7-7.25 per cent. In the first one-day reverse repo auction, the RBI received six bids for Rs 3,370 crore while it accepted Rs 2,000 crore. In the ... More

CO-OPERATIVES
Co-op bodies can't deny subsistence allowance to suspended employees: HC
If an employee of a cooperative society was kept under suspension pending enquiry, and when bye-laws of society were either silent on the question of suspension or did not provide for any payment of subsistence allowance, decisions on this were ... More

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E-paper anouncement
Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Cotton — future imperfect

VAT: States revenue growth rate slips to 22.4%

Mudra plans trade marketing foray

ABN Amro deepens micro-finance exposure

Air India aircraft makes emergency landing

IAF will release pilots for Air India

Reliance plans Rs 25,000-cr mega pipeline grid

Looking back
Apr. 1-Apr. 7
`Significant' foreign investments likely in mortgage guarantors

Vijaya Bank plans direct foray into insurance