The Hindu Business Line : Tuesday, September 11, 2007

FOREX
Rupee strengthens
The rupee strengthened by about three paise against the greenback on Monday tracking the gain in the Indian stock market. The home currency saw a two-way movement: it opened at 40.75, saw an intra-day low of 40.78 and a high of 40.60/61 before ... More

STOCKS
Indian Overseas Bank
Target: Rs 150 More

PRIVATE BANKS
Axis Bank, Europe bank in pact
Mumbai, Sept. 10 Axis Bank has signed an agreement with the Luxembourg-based bank Banque Privee Edmond de Rothschild Europe on Monday to provide wealth management solutions to overseas Indians.Banque Privee Edmond de Rothschild Europe ... More

APOnline in partnership with HDFC for payments
Hyderabad, Sept. 10 APOnline, the digital portal of the Government of Andhra Pradesh, has tied up with HDFC Bank to launch Direct Debit service that facilitates online payment of bills. This partnership will add a new dimension of ... More

One more TMB branch in Chennai
A fully renovated and air-conditioned branch of Tuticorin-based Tamilnad Mercantile Bank with ATM facility was inaugurated on Friday at TTK Road in Chennai. Mrs Rajathi Karunanidhi, who unveiled the branch and the 62nd ATM of the bank, commended ... More

PUBLIC SECTOR BANKS
Perpetual bond issue by Bank of India
Mumbai, Sept. 10 Bank of India has announced an issue of Innovative Perpetual Debt Instrument bond series II with a view to increasing Tier I capital. The issue will carry a coupon of 10.45 per cent per annum with a step-up coupon rate of ... More

Andhra Bank to fete school topper
Andhra Bank will sponsor awards annually to the topper at the Bharatiya Vidya Bhavan School in Hyderabad, according to its Chairman and Managing Director, Mr K. Ramakrishnan. Announcing this at the Jubilee Hills School today, he asked students to ... More

FOREIGN BANKS
Life insurance venture: HSBC to pay premium
Rs 125 cr for brand identity and distribution network of Canara Bank and OBC More

Ukraine bank signs up for Finacle
Nadra Bank, one of top ten financial institutions in Ukraine, has selected Infosys’ Finacle Universal Banking Solution to power its business transformation initiative. Finacle will deploy its core banking, treasury, CRM and e-banking ... More

GOVT BONDS
Bond prices gain 30 paise
Bond prices rose by 20-30 paise on Monday tracking the rally in US treasury yields. Total traded volumes on the order matching system were Rs 6,580 crore (Rs 7,390 crore). Dealers said that bond prices opened higher as the US 10-year yield eased ... More

CREDIT MARKET
Vijaya Bank to step up priority sector lending
Hyderabad, Sept. 10 The total business generated by the Hyderabad region of Vijaya Bank this financial year stood at Rs 3,168 crore at the end of August.Out of 44 branches in the region, 38 are under online banking facility covering ... More

SHORT TERM INSTRUMENTS
Call rates close at 6.10%
The inter-bank call rates closed at 6-6.10 per cent on Monday. In the first reverse repo auction under Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 25 bids for Rs 27,940 crore. There was no repo bid. The CBLO ... More

CREDIT CARDS & DEBIT CARDS
Visa premium card for HDFC Bank clients
Visa International has 58 million card holders in India and this customer base is growing at 45 per cent per annum.Speaking to reporters here today, Visa International’s Country Manager, Mr Santanu Mukerjee, said, “We expect ... More

TRADE & LABOUR UNIONS
Bank unions defer strike
New Delhi, Sept. 10 Bank employees have decided to defer the nation-wide strike called for Wednesday following the Indian Banks’ Association (IBA) assurance to commence negotiations on the unions’ demands within a ... More

ALLIANCES & JOINT VENTURES
United Bank, Nepal bank in service pact
Kolkata, Sept. 10 Mr P.K. Gupta, CMD of United Bank of India, and Mr B.K. Shrestha, Chairman of Nepal’s Everest Bank Ltd — a joint venture with Punjab National Bank — signed a Memorandum of Understanding here on Monday for ... More

EVENTS
Programme on swap market
More