The Hindu Business Line : Saturday, August 18, 2007

Rupee tangos with Sensex on roller-coaster ride
Mumbai, Aug. 17 The forex market reflected the volatility of the equity market on Friday with the rupee falling to lows last seen in April this year, said dealers. The rupee closed slightly higher at 41.33/34 against Thursday’s close of ... More

HOUSING FINANCE
SBI property fair to include car loan mela
Free legal advice arranged More

FINANCIAL MARKETS
Committee on financial sector reforms set up
New Delhi, Aug. 17 A high-level committee under the chairmanship of former chief economist of the International Monetary Fund (IMF), Prof. Raghuram G. Rajan, to map out a comprehensive agenda for reform of the country’s financial sector ... More

PRIVATE BANKS
ICICI Bank has role in 79% of outbound M&A deals
Sets up global investment group to ride merger wave More

Stake sale buzz in Indusind Bank
Market talk of Deutsche Bank picking up a stake in the mid-sized private sector IndusInd Bank has increased the trading interest and volumes in the bank’s stock. Despite the sharp corrections in the stock markets for the past few days, the ... More

NON-PERFORMING ASSETS
HDFC Bank fine-tunes recovery strategy
Wilful defaulters being identified for action More

HDFC Bank plans to keep retail NPAs low
HDFC Bank, for which gross retail NPAs are 1.2 per cent of the retail book, plans to keep a tight leash on retail NPAs, especially in a scenario marked by a general surge in personal / consumer and other loans, Mr Rao indicated.The ... More

RESTRUCTURING
ICICI Bank gets FIPB nod to sell 24% in arm
Four FDI proposals cleared for stake in DSE More

CREDIT MARKET
Mumbai hawkers to get ‘smart’ with Union Bank
Mumbai, Aug 17 Vegetable vendors in Mumbai will soon be able to carry out banking transactions at their doorsteps, thanks to Union Bank of India.The bank has introduced biometric cards for vendors, which will help them deposit money and ... More

MERGERS & ACQUISITIONS
Bill to replace SBI ordinance introduced
New Delhi, Aug. 17 The Finance Minister, Mr P Chidambaram, on Thursday introduced a Bill in Lok Sabha that seeks to replace the Ordinance promulgated on June 21 to facilitate the Centre’s buyout of the entire Reserve Bank of India (RBI) ... More

TRADE & LABOUR UNIONS
Bank employees call for ‘comprehensive’ policies
Hyderabad, Aug. 17 The Andhra Pradesh Bank Employees’ Federation will be organising seminars and rallies in all district headquarters demanding ‘comprehensive’ banking policies. “All India Bank Employees’ ... More

DIVERSIFICATION
Vijaya Bank may float insurance companies
Decision on route map after exit from present venture More