The Hindu Business Line : Thursday, March 06, 2008

FOREX
Rupee range-bound
The rupee was range-bound against the dollar on Wednesday and closed flat. However, overall sentiments were positive, as the domestic stock market was positive. There were more dollar sellers than buyers, said a forex dealer with a private bank. ... More

GENERAL INSURANCE
Man NY Life hopes to sell 3 lakh health cover policies
Mumbai, March 5 Max New York Life insurance expects to sell around 2.5-3 lakh health insurance policies by the end of the calendar year 2008.The company has launched a series of health insurance plans called ‘Lifeline’. The ... More

DERIVATIVES MARKETS
Credit derivatives: Banks asked to detail exposure
‘Problems could arise if overseas units post losses’ More

PRIVATE BANKS
LVB in CashTree network
Lakshmi Vilas Bank has tied up with CashTree, the ATM sharing consortium, to facilitate its customers use/access around 4,370 ATMs across the country. With LVB joining the CashTree network, there are now 13 banks in this consortium including Bank ... More

PUBLIC SECTOR BANKS
Indian Bank's credit to SHGs
More

FOREIGN BANKS
StanChart completes American Express buy
Mumbai, March 5 Standard Chartered PLC has announced that it has received all the required approvals, including that of the Reserve Bank of India to complete the acquisition of American Express Bank Ltd (AEB) from American Express Company ... More

SMEs top priority for HSBC India
Trade finance, cash management services next in focus More

GOVT BONDS
Bond prices up on buying interest
More

SHORT TERM INSTRUMENTS
Call rates flat at 6.40-6.50 %
The inter-bank call rates ended flat at 6.40-6.50 per cent on Wednesday. In the first one-day reverse repo auction under Liqudity Adjustment Facility, the Reserve Bank of India received and accepted two bids for Rs 5,500 crore. There was no repo ... More

CREDIT CARDS & DEBIT CARDS
Axis Bank guards card against skimming, counterfeiting
Mumbai, March 5 Skimming (trapping of card information stored on the magnetic strip of the card) might not be prevalent in India; however, this has not stopped banks from taking proactive measures to provide maximum security to their ... More

ALLIANCES & JOINT VENTURES
YES Bank in pact with Dutch research centre
To develop agro-logistics, food parks More