The Hindu Business Line : Tuesday, September 18, 2007

FOREX
Rupee weaker by 9 paise
The rupee weakened by nine paise against the greenback on Monday on speculation of rupee selling because of a decline in the offshore non-deliverable forwards (NDF) market. “Foreign banks were also seen buying dollars which weakened the ... More

TECHNOLOGY
FINO tech offers biometric cards in unbanked areas
Coimbatore, Sept. 17 The Mumbai-based Financial Information Network and Operations Ltd (FINO), a multi-bank promoted company, providing smart-card based multi-application solutions to the ‘unbanked’, is in the process of scaling up ... More

NBFCS
GE Equipment’s financial deal
GE Equipment Services, the transport solutions arm of General Electric Company, announced on Monday that it has provided financing to ETA Engineering Pvt. Ltd (ETAPL) for the purchase of more than 200 rail wagons to be used by the Indian ... More

CREDIT RATING
SBI Life gets AAA/Stable from Crisil
SBI Life Insurance Company has been assigned a ‘AAA/ Stable” rating by Crisil.“The “AAA/ Stable” reflects the highest degree of strength to meet policyholder obligations”, said a press release from ... More

HUMAN RESOURCES
Kotak Mahindra Bank ties up with IIM-B to check attrition
For Kotak Mahindra Bank, the challenge is in keeping its front line staff ‘well informed’ about its product suite, according to Mr K.V.S. Manian, Group Head (Retail Liabilities and Branch Banking). He said the group offered ... More

PRIVATE BANKS
Karnataka Bank opens NRI cell
Karnataka Bank Ltd has opened an NRI cell in Mumbai. A bank release said here the cell is intended for better service to NRI customers. Inaugurating the cell, the Chairman and Chief Executive Officer, Mr Ananthakrishna, highlighted how the cell ... More

FINANCIAL INSTITUTIONS
Scramble for IFCI stake
It is a moot point whether a healthy institution would generate this kind of interest. We are referring to the kind of interest that troubled institutions or those who have recently been in difficulties seem to generate among prospective ... More

GOVT BONDS
Bond prices decline
Bond prices fell by over 5 paise as traders were cautious about cash turning scarce. Dealers said that prices opened firm but fell as RBI’s reverse repo auction under the Liquidity Adjustment Facility (LAF) showed a sharp fall in excess ... More

RESTRUCTURING
Holding cos: Date extended
Mumbai, Sept 17 The Reserve Bank of India has extended the date for receiving response on its discussion paper on holding companies by three weeks.The RBI had, on August 27, 2007 placed on its Web site the discussion paper on holding ... More

EVENTS
Bank of Maharashtra turns 72
Bank of Maharashtra, which was registered on September 16, 1935 with an authorised capital of Rs 10 lakh, celebrated its 73rd foundation dayon Monday. branches, 10 extension counters and 341 ATMs. The bank launched two new schemes to coincide ... More

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Cross Currency Rates

Union Budget 2007-08

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Economic Survey 2006-2007

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