The Hindu Business Line : Saturday, November 26, 2005

Organic growth first choice: HSBC ready to pump in more capital
GLOBAL banking and financial services major, the HSBC Group is bullish about the economic prospects of India. The Group Chairman of HSBC Holdings Plc, Sir John Bond, said HSBC was ready to invest more financial capital in any way that was ... More

REGIONAL RURAL BANKS

Karnataka Vikas Grameena Bank inks pact with United India
THE Karnataka Vikas Grameena Bank has signed a memorandum of understanding (MoU) with United India Insurance Company to take up general insurance business as a corporate agent of the company. The bank was formed recently after amalgamating the ... More

FOREX

Rupee weakens; bonds decline
MUMBAI: The rupee was weaker against the US dollar on Friday, as the greenback rallied globally. Month-end demand dollar demand by oil companies also pushed down its value, said dealers. The rupee opened at 45.75/76, touched a low of ... More

Forex reserves down by $127 m
THE foreign exchange reserves fell for the third week in a row, due to a fall in foreign currency assets. The forex reserves have fallen by a cumulative $1.593 billion in three weeks. According to the Reserve Bank of India's Weekly ... More

INFORMATION TECHNOLOGY

RailTel in talks with banks for ATMs at stations
USING the robust bandwidth it created in the last few years, RailTel has decided to facilitate ATMs (automated teller machines), cyber cafes and call centres at major railway stations. "We are holding discussions with banks," Mr K.K. Bajpeyee, ... More

HOUSING FINANCE

HDFC sells 2.2 pc stake in Canfin Homes
THE Housing Development Finance Corporation (HDFC) has sold 2.2 per cent of its stake in the Canara Bank-promoted Canfin Homes Ltd (CFHL). HDFC sold about 4.51 lakh shares between September 2 and November 18 this year. However, the CFHL ... More

PRIVATE BANKS

HDFC Bank turns to SMEs, smaller towns
HDFC Bank is planning to expand lending to small-scale and middle-market businesses in smaller cities as larger corporates increasingly tap equity markets for funds, its Managing Director, Mr Aditya Puri, said. Speaking to Business ... More

PUBLIC SECTOR BANKS

Andhra Bank loan schemes for purchase of solar equipment
ANDHRA BANK has launched three soft loan schemes for the purchase of solar equipment under the interest subsidy programme of the Union Ministry of Non-conventional Energy Sources (MNES). The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara ... More

FOREIGN BANKS

HSBC may dilute UTI Bank stake
HSBC would be investing in growing its own businesses in India. More

Calyon Bank loan syndications at $2.5 b
FRENCH investment and corporate bank Calyon Bank has syndicated $2.5 billion of external commercial borrowings for domestic financial institutions and corporates in the first nine months of this year Addressing reporters here on Friday, Mr ... More

CREDIT CARDS & DEBIT CARDS

Deutsche Bank plans to issue credit cards
FOLLOWING its decision to go retail in India, Deutsche Bank intends to come out with a credit card of its own, perhaps by next June, the bank's Managing Director & Head (Private & Business Clients), India, Mr Ajay Bimbhet, told journalists he More

INTERVIEW

Growth will be robust, no cause for concern: K.V. Kamath
ICICI Bank has announced the details of its public offer. The issue will open from December 1-6. The price band will be announced on November 30. The Managing Director and CEO of ICICI Bank, Mr K.V. Kamath says that the ICICI Bank strategy is ... More

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