The Hindu Business Line : Monday, April 23, 2007

FOREX
Pros and cons of convertibility
Please explain Kindly elucidate what is rupee convertibility and what are its merits and demerits if we go for it? Gopalan S. Gounder Rupee convertibility or capital account convertibility is a very simple concept. All it means ... More

CREDIT POLICY
ICICI Sec sees repo rate hike
ICICI Securities expects the Reserve Bank of India to hike the repo rate by 25 basis points in its April policy to reinforce its objective of containing inflation expectations. This would also show that the central bank has ... More

HOUSING FINANCE
Public sector banks' home loan growth rate slowing down
Loan disbursement growth falls to 21% from over 40% More

DEBT MARKET
Inflation fears dog market even as insurers return
One more round of liquidity tightening on cards More

CRR & BANK RATES
Auto, consumer durables hit by interest rate hike: CII
The recent cash reserve ratio and repo rate hike by the Reserve Bank of India and the consequent hike in interest rate by commercial banks have already taken its toll on the industry, according to the Confederation of Indian Industry. The ... More

CORPORATE BONDS
SBI to raise up to Rs 10,000 cr
State Bank of India proposes to raise up to Rs 10,000 crore of debt in tranches during the current financial year. The bank will raise capital by way of unsecured and rated rupee innovative perpetual debt instruments, upper Tier ... More

ALLIANCES & JOINT VENTURES
BoB takes new partners for Malaysian arm
Bank of Baroda will set up a subsidiary in Malaysia in alliance with Punjab National Bank and Andhra Bank, instead of the earlier joint venture partners, Bank of Maharashtra and Oriental Bank of Commerce. Dr Anil Khandelwal, Chairman and ... More

EVENTS
Tomato prices on the Mint Street
The most recent of Dr Y.V. Reddy's speeches, on www.rbi.org.in, is titled `Role of Monetary Policy in Attaining Growth with Stability: The Indian Experience,' delivered at the Bank of Greece, Athens, Greece on ... More

CO-OPERATIVES
South Canara co-op bank profit
The South Canara District Central Cooperative (SCDCC) Bank Ltd recorded a profit of Rs 5.42 crore during 2006-07, according to Mr M.N. Rajendra Kumar, President of the bank. Addressing presspersons here on Saturday, he said that ... More

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Top Stories
Auto, consumer durables hit by interest rate hike: CII

`Engineering students still prefer IT industry'

On the back of a surge in inflation numbers

Punjab, Haryana wheat farmers' hold-back strategy may backfire

Private players gain major share of PCO market

The Amingaon tea party begins

Looking back
Apr. 15-Apr. 21
No interest on CRR balances: RBI

Forex reserves have very high opportunity cost

SB account holders wait for relief

Lessons from the US sub-prime lending crisis

Rupee gain may hit exporters hard

Euro/yen: Time to sell?

India need not fear a rising rupee

RBI rejects banks' plea on asset provisioning

Increased reliance on CRR — No point blaming the RBI

Forex reserves surge $2.7 b

Banks can sell derivative products