The Hindu Business Line : Wednesday, August 29, 2007

FOREX
Rupee ends lower
The forex market saw dull trade as the rupee traded in a narrow range between 41.08 and 41.17 against the dollar on Tuesday. The rupee opened at 41.10 and closed at 41.16/17 against the previous close of 41.02/03. According to forex dealers, ... More

LIFE INSURANCE
ING Vysya Life gets nod for expansion
Mumbai, Aug. 28 ING Vysya Life has received shareholders’ approval to expand its capital base up to Rs 1,480 crore. “Our current capital base is Rs 765 crore which will be increased to Rs 790 crore next month. We have the ... More

FINANCIAL MARKETS
Central banking in a crisis
As the inter-bank money market evaporated, the ECB was quick to inject all the liquidity that was needed for payments and settlements. The US Fed too lost no time in keeping the market supplied with ample funds. More

DEBT MARKET
‘Regulatory overlap hurts corp bond market growth’
New Delhi, Aug 28 Regulatory overlap and the ‘fear of finance’ among different government agencies are holding up the development of exchange-traded corporate bond market in the country, a senior Finance Ministry official has said. ... More

PRIVATE BANKS
TMB branch in Krishnagiri
Tuticorin-based Tamilnad Mercantile Bank has opened its 190th branch with safe locker facility at Krishnagiri. Speaking on the occasion, Mr G. Narayana Moorthy, Managing Director and CEO of the bank, said the bank’s pan-Indian presence ... More

PUBLIC SECTOR BANKS
Banking services at doorsteps
The District Collector, Mr S.S. Jawahar, launched ‘Canara Gramin Vikas Vahini’ scheme at Thottiyapatti village, 40 km West of Madurai recently, in an effort to take banking services to doorsteps in remote villages, under a nationwide ... More

GOVT BONDS
Bond yields tad higher
More

CRR & BANK RATES
Banks press the case for rollback of CRR hike
‘More liquidity needed to meet peak season credit offtake’ More

CREDIT MARKET
‘US sub-prime crisis may not affect Indian growth rates’
More

SHORT TERM INSTRUMENTS
Call rates steady
The inter-bank call rates closed at 6.10-6.20 per cent on Tuesday, against the previous close of 6.10-6.15 per cent. In the first reverse repo auction, the Reserve Bank of India received and accepted 17 bids for Rs 25,355 crore. There was no repo ... More

TRADE & LABOUR UNIONS
Bank employees plan dharna before Parliament
New Delhi, Aug. 28 More than 5,000 bank employees and officers of the All India Bank Employees’ Association (AIBEA) and All India Bank officers’ Association (AIBOA) would stage dharna before Parliament on August 31 to highlight ... More

CO-OPERATIVES
Branch norms for urban co-ops
Urban co-operative banks can now shift their branches from one city to another in their area of operation provided the new centre is of the same or lower population group as the existing centre, said a notification from the Reserve Bank of India. ... More

PEOPLE
Prior approval for appointments must, IRDA reminds cos
‘Minimum 30 days needed for detailed due diligence and sanction’ More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

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