The Hindu Business Line : Wednesday, November 12, 2003

Fed in bond dilemma
Interest rates are going to be raised in the US, UK and Europe in the course of 2004 and in Japan (where deflation still reigns) in 2005. But are they right? The answer is something which every bond trader would dearly love to know. Indeed, a ... More

FOREX

Rupee ends weaker; mild rally in gilts
MUMBAI: The rupee on Tuesday ended the day a tad weaker at 45.30/31 against the dollar, with the regulator mopping up the heavy dollar inflows said currency merchants. On Monday, the domestic currency closed at 45.2850/2950. There was ... More

INFORMATION TECHNOLOGY

Tamilnad Mercantile networking branches
TAMILNAD Mercantile Bank Ltd has launched a drive to network its branches across the country. Anywhere banking facility has been extended to the bank's 68 branches from today, coinciding with its 82nd anniversary. The private sector ... More

SBT plans ATM at Sabarimala
THIRUVANANTHAPURAM: The State Bank of Travancore (SBT) will set up two special `pilgrim banking centres' and an ATM in the environs of the Sabarimala temple, says a press release from the bank. Dr N. Babu, the President of the Travancore ... More

HOUSING FINANCE

ADB, 23 housing finance cos get to use Securitisation Act
THE Centre has sparked off fresh action under the Securitisation Act by allowing the Asian Development Bank (ADB) and housing finance companies (HFCs) to exercise powers provided under the legislation. In separate notifications issued on ... More

LIFE INSURANCE

To beef up bancassurance channel — Max NY Life open to equity tie-ups with banks
THE Delhi-based Max New York Life Insurance Company (MNYL) is exploring the possibilities of equity tie-ups with banks in a bid to give a thrust to the bancassuarnce channel of business. Addressing a press conference here on Tuesday, Mr Anuroop ... More

HUMAN RESOURCES

Banks pin faith on grooming staff
WITH retail banking being the order of the day, the market leader in retail finance, ICICI Bank is attempting to `clone' its sales and branch level staff in customer service. But ICICI Bank is not alone in imparting behavioural training to its ... More

INTEREST RATES

SBI cuts rates for priority sector lending
STATE Bank of India has made credit to borrowers in the small-scale and agriculture sectors cheaper by around 25-100 basis points in some segments, effective November 1. Mr A.K. Purwar, Chairman, SBI, told Business Line, post-Credit ... More

ALLIANCES & JOINT VENTURES

BHEL ties up with SBI for project funding
THE public sector Bharat Heavy Electricals Ltd (BHEL) has entered into an arrangement with State Bank of India (SBI) for financing Engineering Procurement and Construction (EPC) contracts for power projects. BHEL's Director (Power) Mr R.C. ... More

TRENDS

28 Indian banks among Asia's top 100: Journal
THE Asian Banker Journal in Singapore rated 28 banks in India amongst Asia's top 100 strongest banks. The number of banks from India was considerably lower with just two banks - - State Bank of India and ICICI Bank - - ... More

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