The Hindu Business Line : Wednesday, June 04, 2008

FARM CREDIT
Union Bank begins farm loan waiver
Ahmedabad, June 3 Union Bank of India has commenced farm loan waiver programme on a war-footing which is set to be completed by June-end in the country, Mr M.V. Nair, Chairman and Managing Director, said here on Monday. The bank is ... More

FOREX
Oil refining firms get more leeway
Domestic purchases can be hedged More

Rupee ends weaker
The rupee fell against the greenback on Tuesday on dollar buying by oil companies. The domestic currency opened at 42.50/52 and ranged between 42.52 and 42.57 during the day. It then fell to 42.65/66 but recovered to finally end the day at ... More

TECHNICAL ANALYSIS
Rupee to be range-bound
The pressure on rupee eased, spurred by various measures undertaken by RBI to support the currency, including the move to conduct open market operations in oil bonds. Easing crude prices also helped in stemming the decline. The reprieve ... More

FINANCIAL PERFORMANCE
HSBC India net up 41% on robust growth
Mumbai, June 3 HSBC India has reported a 41 per cent increase in net profit in 2007-08 at Rs 1,192 crore, against Rs 846 crore in the previous year.“The rise in net profit has been driven by robust growth in all our businesses. In ... More

CREDIT RATING
S & P downgrades top US investment banks
Chennai, June 3 International rating agency, Standard & Poor’s (S & P) has lowered its ratings on a number of top investment banking companies in the United States. S & P has downgraded Lehman Brothers Inc., Merrill Lynch ... More

PRIVATE BANKS
ICICI Bank branch relocated
Chennai: ICICI Bank’s branch on Cenotaph road in Chennai, the bank’s first in the country, has been a landmark for a number of years. Now, the bank is relocating the branch to another premises in Teynampet. The ... More

PUBLIC SECTOR BANKS
SBH farm loan waiver scheme
More

CREDIT MARKET
Borrowing overseas is not attractive enough for cos
Domestic banks offer better pricing on slow credit offtake More

SHORT TERM INSTRUMENTS
Call rates close lower
More

BUSINESS MODELS
Corporation Bank plans business verticals
SME sector to get special attention More

EVENTS
3-day MIBOR from June 6
Mumbai, June 3 In order to bring uniformity between the various financial market such as equities, foreign currency, government securities, repo and reverse repo and the overnight interest swap market, FIMMDA (Fixed Income Money Market and ... More

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