The Hindu Business Line : Saturday, October 20, 2007

FOREX
Forex kitty rises $5.36 b
Mumbai, Oct. 19 The forex kitty swelled by $5.356 billion to $256.686 billion for the week ended October 12, backed by sustained intervention by the Reserve Bank of India in the forex market.The reserves had gone up by $3.568 billion ... More

Rupee gains 4 paise
(1.09 per cent) and the 12-month closed at 0.86 per cent (0.96 per cent). - Our Bureau

FINANCIAL PERFORMANCE
Advances push ICICI net up 33%
Mumbai, Oct. 19 ICICI Bank posted a net profit of Rs 1,002.6 crore for the quarter ended September 30, 2007, up 33 per cent from Rs 755.01 crore in the corresponding quarter last year on the back of a 33 per cent growth in advances. Ms ... More

LIFE INSURANCE
SBI Life ties up with co-op bank
Ahmedabad, Oct. 19 As part of its efforts to penetrate the semi-urban and rural areas of Gujarat, SBI Life Insurance, a joint venture between State Bank of India and Cardif-A BNP Paribas Company, on Friday announced a strategic bancassurance ... More

LIC scouts for land across country
Has bought five-acre plot in Kolkata for Rs 276.2 cr More

GENERAL INSURANCE
Fire insurance premia to dip
Mumbai, Oct. 19 Fire insurance premia are likely to dip by around 60-65 per cent in the free-price regime.Mr M. Ramadoss, Chairman and Managing Director, Oriental Insurance Company, said that the insurer was among the few insurers to ... More

PRIVATE BANKS
Bank of Rajasthan expanding in South
Hyderabad, Oct. 19 Bank of Rajasthan, with a pre-dominantly North Indian focus, seeks to increase its presence in the Southern States with at least 10 new branches this fiscal. The private sector bank, which has logged a business ... More

INTEREST RATES
Andhra Bank reduces loan rates
Andhra Bank has reduced interest rates on housing, personal, vehicle loans and on advances to transport and agricultural sector during the festival season. The vehicle loans sanctioned up to January 31, 2008 would have an effective rate of 12.75 ... More

GOVT BONDS
Bond prices rise
More

CORPORATE BONDS
State Bank of Mysore to raise Rs 400 cr via bonds
Bangalore, Oct. 19 State Bank of Mysore (SBM) intends to raise Tier II capital through bond issues of up to Rs 400 crore during the year to support its asset growth. In addition, the bank is also planning a follow-on public issue, ... More

SHORT TERM INSTRUMENTS
Call rates flat
More

SOCIETY & DEVELOPMENT
ICICI Bank board okays Foundation for philanthropy
Mumbai, Oct. 19 The board of directors of ICICI Bank has approved the establishment of ICICI Foundation for inclusive growth, subject to the required approvals. The Foundation would integrate, consolidate and scale up the group’s ... More