The Hindu Business Line : Thursday, March 20, 2008

AWARDS & HONOURS
Reliance Money bags IT award
Reliance Money has bagged the ‘Redhat World is Open Award’ for its initiative of launching Internet trading kiosk. The award was won in the financial services segment which saw over 100 nominations for various technology initiative on ... More

AUDITING
Meet on bank audit
The Institute of Chartered Accountants of India organised a one-day seminar on Bank Audit here on Wednesday. In his inaugural address, the Chairman and CEO of South Indian Bank, Dr V.A. Joseph, emphasised the importance of the role of ... More

FOREX
Rupee ends higher
More

LIFE INSURANCE
LIC increases stake in ACC
More

GENERAL INSURANCE
Max New York launches new health schemes
Max New York Life Insurance has introduced its range of Lifeline Health Insurance plans in the Kerala market, which brings long term insurance coverage for hospitalisation, surgeries and critical illness. The Lifeline series comprises ... More

PRIVATE BANKS
Karnataka Bank opens coin vending machine
Mangalore, March 19 Karnataka Bank installed a coin vending machine at Kodialbail branch in Mangalore on Tuesday. A bank release said here that this is in pursuance of the measures initiated by the Reserve Bank of India to ensure that ... More

PUBLIC SECTOR BANKS
SBI rights issue subscribed fully
Mumbai, March 19 The rights issue of State Bank of India was oversubscribed, said a senior official from the bank. This is based on provisional data, as the bank is still in the process of collating detailed information. ... More

SBI opens ATM in Nagapattinam
State Bank of India has opened an automatic teller machine (ATM) in the Collectorate campus here on Wednesday. The Tenkasi District Collector, Mr S. Jawahar, inaugurated the ATM in the presence of bank and other Government officials.The ... More

FINANCIAL INSTITUTIONS
SIDBI opens second branch in Hyderabad
Hyderabad, March 19 The Small Industries Development Bank of India’s (SIDBI) Hyderabad branch expects the total disbursement to touch Rs 575 crore by end of current fiscal, a growth of 60 per cent over last year’s Rs 359 ... More

INTEREST RATES
Situation not favouring rate cut: Rangarajan
New Delhi, March 19 Interest rate may not be brought down given the current inflation situation in the economy, according to Dr C Rangarajan, Chairman of the Prime Minister’s Economic Advisory Council.“In the current ... More

Lower Fed rates may help cos with dollar liabilities
Debt servicing costs to fall as LIBOR rates drop More

Marketmen discount Fed rate cut
Financial crisis in US continues to haunt More

GOVT BONDS
Bond prices fall
More

CORPORATE BONDS
Corporation Bank bond issue
More

SHORT TERM INSTRUMENTS
Call rates edge up
More

MERGERS & ACQUISITIONS
ICPL acquires Bhartiya Gurukul
Short-term courses in stock trading More

OUTLOOK
Fed must pray for house price recovery
Imagine a bank’s balance sheet with utterly illiquid assets, which can neither be sold nor used as collateral for borrowing. Now, imagine an entire banking system saddled entirely with unmarketable and unliquifiable assets. Such ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

People's car

P-Note blues

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

Other Top Stories
Rasna plans retail foray

‘PE-route good for SMEs to raise capital ’

Rlys freight earnings up 23% in Feb

Tibet uprising and its implications for national security

Kickback is the most prevalent form of fraud

Looking back
Mar. 9-Mar. 15
Bond yields up on inflation concerns, rising global oil prices

Reliance General Insurance clocks 125% growth

Bankers remain optimistic

Forex reserves rise $2.2 b

2008-09 reinsurance terms seen to favour insurers here