The Hindu Business Line : Saturday, August 20, 2005

NSDL eyes record-keeping agency role for pensions
NATIONAL Securities Depository Ltd (NSDL) has scaled up its efforts to emerge as the record-keeping agency for the newly formed pensions authority. The NSDL move may be seen in the backdrop of some of the latest developments on the pensions ... More

INSIGHT

Economy can absorb petro-price shock
"THE prospects for the Indian economy remain encouraging," says a study by the Corporate Studies Division of the Department of Statistical Analysis and Computer Services of the RBI. But the study published in the RBI Bulletin (August 2005) ... More

FOREX

Rupee declines; securities flat
MUMBAI: The rupee weakened further against the dollar on Friday due to strengthening of the greenback in the global markets as well as some domestic demand. The rupee opened at 43.58/59 and inched up to an intra- day high of 43.60. It ... More

INFORMATION TECHNOLOGY

PNB opens ATM at Edappal
KOCHI: Punjab National Bank has opened its 575th ATM network in Kerala at Edappal on Friday. Mr C.P.A. Bava Haji, Chairman of Overseas Development and Employment Promotion Consultants Ltd inaugurated the ATM. Mr B.K. Jayaprakashan, ... More

Karnataka Bank's 46th ATM at Udupi
MANGALORE: Karnataka Bank Ltd opened its 46th ATM in the country at Udupi on Friday. Speaking on the occasion, the Chairman and Chief Executive Officer of the bank, Mr Anantakrishna, said the bank was working on expanding its ATM network ... More

HOUSING FINANCE

HDFC plans listing of BPO venture
HDFC plans to list its associate company, Intelenet Global Services Ltd, on the stock exchanges. Speaking to newspersons today, Mr Keki M. Mistry, Managing Director, said that the listing of Intelenet would be made in about two ... More

CREDIT RATING

Exim Bank gets BBB from Japan agency
EXIM Bank has obtained `BBB' sovereign credit rating from Japan Credit Rating Agency Ltd (JCRA) for its foreign currency long-term debts, according to a release from Exim Bank. The rating `BBB' (flat) is one notch above the minimum investment ... More

Crisil to weigh banks' exposure to commodities
RATING agency Crisil would ascertain if banks have taken cover (hedge) for risks from exposure to commodities through lending to corporates, as part of their rating process, said Mr P. Ravimohan, Managing Director and CEO, Crisil Ltd. Banks ... More

PUBLIC SECTOR BANKS

IOB sees Rs 70-cr fee-based income — Ties up with Chola MF
INDIAN Overseas Bank (IOB) expects to earn about Rs 60 crore-70 crore of fee-based income this year, the bank's Chairman and Managing Director, Mr T.S. Narayanasami, told journalists on Friday. Last year's figures were not readily available, ... More

INTEREST RATES

Chidambaram sees no change in interest rates
THE Finance Minister, Mr P. Chidambaram, has hinted that interest rates would continue to remain stable, and attributed the dip in inflation to the good management of money supply by the Reserve Bank of India. "I don't expect any change (in ... More

CORPORATE BONDS

Nabard hikes rates on capital gains bonds
THE National Bank for Agriculture and Rural Development (Nabard) has increased the rates of interest offered on its Capital Gains Bonds Issue from 5.2 per cent to 5.5 per cent for bonds with three years' tenure and from 5.3 per cent to 5.6 per ... More

SHORT TERM INSTRUMENTS

RBI to raise Rs 2,500 cr under MSS
THE Reserve Bank of India has proposed to raise Rs 2,500 crore through the auction of 91-day and 182-day treasury bills, under the Market Stabilisation Scheme, said an RBI press release. Of this, Rs 1,500 crore will be raised through the ... More

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