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FINANCIAL SERVICES
‘Intermediate holding co can be under RBI watch’
IBA to continue deliberations; to submit proposal on Sept 14 More

DIVIDEND ANNOUNCEMENT
Magma Shrachi AGM clears 20% payout
Kolkata, Sept. 6 Shareholders of Magma Shrachi Finance Ltd, at the company’s 27th annual general meeting here today, have okayed the proposed dividend of Rs 2 per share of Rs 10 each (20 per cent) for the year 2006-07. According to Mr ... More

INSIGHT
‘Interest’ingly insensitive
Bank balance-sheets More

FOREX
Rupee gains 13 paise
The rupee strengthened by 13 paise against the greenback on Thursday following good dollar supplies into the domestic market. The home currency opened at 40.92, little unchanged from Wednesday's close of 40.93/94 and remained steady at that level ... More

EDUCATION
IIBF diploma course for graduates
Thiruvananthapuram, Sept. 6 The Indian Institute of Banking and Finance (IIBF) has started a diploma course in Banking and Finance (DBF) for graduates of any discipline or students in the final year of graduation.The Deputy Chief ... More

CONSUMER FINANCE
Mahindra Finance in talks with GM, Hyundai to tap rural market
May also tie up with two-wheeler cos More

FINANCIAL MARKETS
Market awash with funds
Redemptions seen at Rs 50,000 cr More

HUMAN RESOURCES
Andhra Bank to hire in a big way
Hyderabad, Sept. 6 Andhra Bank will be hiring about 2,000 personnel in different categories over the next three years to strike a balance between retirements and new business needs.“We have just completed an assessment on our ... More

RBI & OTHER CENTRAL BANKS
PowerGrid to raise $3 b from World Bank, ADB
New Delhi, Sept. 6 Power Grid Corporation of India (PGCIL) plans to raise around $3 billion (about Rs 12,300 crore) from multilateral agencies to fund various transmission projects during the current Five-Year Plan period.PGCIL plans to ... More

GOVT BONDS
Bond market lacklustre
The bond market was lacklustre as the uncertainty about liquidity conditions continued ahead of the Rs 7,000 crore Treasury-bills auction on Friday and the likely amount that would be drained out of the system due to the advance tax outflow. Bond ... More

CREDIT MARKET
SBI plans separate entity for rural biz
High-level discussions under way to fine-tune proposal More

‘Empowering consumers with ready credit will fuel retail’
Mumbai, Sept 6 Empowering consumers with ready credit is how Mr Kishore Biyani, CEO of the Future Group, expects to build his retail business. On the last day of the India Retail Forum, Mr Biyani, elaborated on the future of retailing in ... More

CREDIT CARDS & DEBIT CARDS
Rewarding points
Literacy promotion on the cards… More

ALLIANCES & JOINT VENTURES
LIC to foray into credit cards with GE Money
More

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