The Hindu Business Line : Tuesday, November 15, 2005

RBI worried over lack of accounting norms on derivative transactions
THE Reserve Bank of India today said it was "a matter of significant concern" that there are no clear accounting guidelines for banks regarding derivative transactions. At a meeting today, RBI's Deputy Governor, Mr V. Leeladhar, observed that ... More

FOREX

Rupee declines; bonds shed gains
MUMBAI: The rupee depreciated against the greenback on the back of dollar buying by corporates. The domestic currency opened at 45.67/68, touched an intra-day high of 45.59/60. However, it closed at 45.73, lower than Friday's level of ... More

HOUSING FINANCE

HDFC introduces variable rate deposit scheme for children
HOUSING Development Finance Corporation (HDFC) on Monday introduced a variable rate instalment deposit scheme for children, on the occasion of Children's Day. The plan can be opened with a minimum instalment amount of Rs 1,000 with no ... More

LIFE INSURANCE

LIC expects Rs 20,000 cr rise in investments
LIFE Insurance Corporation of India's investment book is expected to increase by Rs 20,000 crore this year to reach Rs 1 lakh crore. That would then be 25 per cent more than last year, LIC's Managing Director, Mr K Sridhar, said today. At a ... More

GENERAL INSURANCE

Delay in claims settlement — Oriental Insurance to focus on proper drafting of policies
ORIENTAL Insurance Company Ltd intends to focus on proper drafting of policies with a view to eliminate problems that may arise during settlement of claims. The company, which has proposed to process claims speedily, hopes to make sure that no ... More

PRIVATE BANKS

HDFC Bank unveils `forex on swipe'
HDFC Bank has introduced "Forex on Swipe" for its credit and debit cardholders who wish to avail of foreign exchange while travelling abroad. Travellers who want to avail of foreign exchange for their trips abroad can now do so by swiping ... More

Bank of Rajasthan to open more branches, plans GDR issue
FIVE years after he took over Bank of Rajasthan, Mr Pravin Kumar Tayal, Chairman has proposed to strike a different note, courtesy a GDR issue, a branch expansion plan and new initiatives on credit cards and capital market services. The bank ... More

Karnataka Bank review meet
MANGALORE: The regional heads' review conference of Karnataka Bank Ltd was held in Mangalore on Monday. Addressing the meeting, Mr Anantakrishna, Chairman and Chief Executive Officer of the bank, said that `Know Your Customer' and ... More

PUBLIC SECTOR BANKS

TCS, SBI form joint venture to offer banking consultancy
TATA Consultancy Services and State Bank of India have formed a joint venture company C-EDGE Technologies Ltd that will offer technology and consulting services to the banking, financial services and insurance industry (BFSI). The 51:49 ... More

SBI hopes to retain 15-20 pc of IMD
The IMD bond was issued in 2000 to increase the country's foreign exchange reserves. More

TRADE & LABOUR UNIONS

SBI staff observe `black day'
THIRUVANANTHAPURAM: Employees of the State Bank of India (Kerala Circle) observed a `black day' on Monday to protest what they described as the faulty implementation of core banking concept. The undue haste with which the project was ... More

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