The Hindu Business Line : Wednesday, May 02, 2007

FINANCIAL SERVICES
`Financial services will be bigger than ITeS sector volume'
The volume of financial services will be three times bigger than the volume of ITeS services in India over next 15 years and the employment generation would far exceed the BPO industry, according to Mr Percy S. Mistry, Chairman, Oxford ... More

INSIGHT
Credit Policy 2007-08 — Factoring in emerging concerns
There are a host of measures aimed at streamlining the credit delivery mechanism and other banking services. More

FOREX
Knitwear exporters' concern over rising rupee
Tirupur knitwear exporters say the strengthening rupee is a worry despite the higher growth rate clocked by them in exports. Knitwear exports from Tirupur during 2006-07 had registered a 25 per cent growth at Rs 11,000 crore. But the rupee ... More

FINANCIAL PERFORMANCE
PNB Housing net up 57%
PNB Housing Finance Ltd, a wholly-owned subsidiary of Punjab National Bank, has reported a 56.90 per cent increase in net profit for the year ended March 31, 2007 to Rs 27.96 crore against Rs 17.82 crore in the previous year. A ... More

State Bank of Indore net rises
State Bank of Indore has reported a 36.55 per cent increase in net profit for the year ended March 31, 2007 to Rs 189.96 crore against Rs 139.11 crore in the previous year. A release issued by the bank said its total business, ... More

HOUSING FINANCE
SBH organising housing loan mela
State Bank of Hyderabad (SBH) will be organising a `housing loan mela' from May 2 to May 31 at Zoroastrian Club, Secunderabad here. During the period, the bank would offer waiver of processing charges, 50 basis points concession ... More

GENERAL INSURANCE
Transfer of health insurance: Policyholders may lose `benefits'
Insurers may create minimum benchmarks for making policies portable More

PUBLIC SECTOR BANKS
Outreach efforts have seen return of customers: BoB
Plans for 10 overseas offices this year More

CRR & BANK RATES
Why the RBI did not bite
Perhaps because its earlier monetary-tightening measures were beginning to bite or other central bankers had stayed their hand, the RBI decided to leave all key rates untouched, but with the caveat that it would not hesitate to act if the situation s o warranted. More

CREDIT MARKET
Bank of Baroda may add more SME loan factories
Targeting higher business volume More

TRADE & LABOUR UNIONS
New training centre on trade union activities
The Finance Minister, Mr P. Chidambaram, will inaugurate the Tarak Memorial Trade Union Training and Research Centre on June 2 at Mamallapuram, near Chennai, Mr R.J. Sreedharan, General Secretary of the All-India Bank Officers Association ... More

INTERVIEW
`In India, Barclays can piggyback on ABN Amro's retail franchise'
Financial product brands are not the order of the day but financial entity brands are still in the reckoning. More

`Differentiated bank licensing proposal, an encouraging measure'
In its Annual Policy Statement for 2007-08, announced last week, the Reserve Bank of India has tossed the idea of a graded approach of licensing for domestic and foreign banks. The stated aim of the central bank in this regard is to direct the ... More