The Hindu Business Line : Saturday, February 23, 2008

FOREX
Forex reserves rise $2 b
Mumbai, Feb. 22 The foreign exchange reserves rose by $2.048 billion to touch $292.856 billion for the week ended February 15 due to rise in foreign currency assets. The reserves had fallen by $1.86 billion to $290.8 billion in the previous ... More

Rupee dips against dollar
The rupee dipped against the greenback on dollar-demand from foreign banks. The local currency opened at 39.92/93 and moved between 39.93-39.98. It then fell to end at 40.06, against the previous close of 39.93. Dealers said the currency was ... More

GENERAL INSURANCE
SKS Micro enters health insurance
Hyderabad, Feb. 22 SKS Microfinance Pvt Ltd has forayed into health insurance in association with ICICI Lombard General Insurance.The product, christened ‘Swayam Shakti’ and targeted at the poor in semi urban and rural ... More

FINANCIAL POLICY
No capital gains on transfer of ‘exchangeable bonds’ outside India
FCEB taxation lacks clarity on cost of acquisition of shares More

PUBLIC SECTOR BANKS
Vijaya Bank to open 5 branches
More

INTEREST RATES
Lakshmi Vilas ups deposit rates
Coimbatore, Feb. 22 While maintaining the existing rates for deposits of up to 90 days maturity — 5.50 per cent for periods ranging from 15 and 45 days and 5.75 per cent between 46 and 90 days — the Karur-headquartered Lakshmi ... More

NON-PERFORMING ASSETS
South Indian Bank exceeds annual recovery target
The South Indian Bank, which had set an annual recovery target of Rs 130 crore to be achieved by the end of the current fiscal, has already exceeded the mark, Dr V.A. Joseph, Chairman and CEO of the bank, said. Presiding over the ... More

MERGERS & ACQUISITIONS
HDFC Bank, Centurion boards to consider merger
Meeting today; share-swap ratio details likely on Monday More

TRADE & LABOUR UNIONS
Bank conciliatory talks fail
The conciliatory talks between the bank unions and the Indian Banks Association and the Government failed here on Friday evening. “We will go on strike as planned on February 25 and 26 as our talks have failed”, Mr C.H. Venkatachalam, ... More

INTERVIEW
Evolving new products woo youngsters to bank jobs: Lakshmi Vilas MD
More

OUTLOOK
Indian SMEs bullish on economy, says HSBC survey
Hyderabad, Feb. 22 The small and medium enterprises (SMEs) in India are leading their Asian counterparts in being bullish on local economic growth. While about 58 per cent of Indian SMEs are expecting the local economic growth to ... More

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