The Hindu Business Line : Monday, January 23, 2006

Playing it safe — Lessons from China's reserves management
BEIJING'S State Administration of Foreign Exchange recently issued a statement that almost set the Potomac on fire. The institution, appropriately named SAFE, through its spokesperson, signalled a desire to ... More

DEBT MARKET

Bond traders wait for monetary policy review for direction
BONDS remained flat last week as nervous traders wait for the Reserve Bank of India's third quarter review of the monetary policy. For most traders, the bond market is dead, at least, for now. Only after the review on January 24, they are ... More

PRIVATE BANKS

Kotak Mahindra Bank to offer WMS in more cities
KOTAK Mahindra Bank is looking to expand its branch network and give greater impetus to Wealth Management Services (WMS) in tier II cities. The bank is hoping to widen its network to 90-100 branches by March 2007 in the first phase, from over ... More

`Fed Amrita' service
KOCHI: Fed Amrita is a new service offered by Federal Bank in association with Amrita Institute of Medical Services (AIMS). The service, which was previously available only through Fednet, the Internet facility of the bank, has now been ... More

PUBLIC SECTOR BANKS

Allegations of cartelisation — Banks drop move to fix floor-level lending rates
WITH the heat on against what was being perceived as attempts at `cartelisation', public sector banks seem to have abandoned their efforts to arrive at an industry-wide consensus on floor-level lending rates. Top bankers said there was no ... More

Chidambaram flags off Andhra Bank's mobile ATM
THE Union Finance Minister, Mr P. Chidambaram, today inaugurated here the mobile automated teller machine of Andhra Bank. Talking to newspersons, the Andhra Bank Chairman and Managing Director, Mr K. Ramakrishnan, said apart from expanding ... More

BoM keen to utilise services of postmen
THE Executive Director of Bank of Maharashtra (BoM), Mr Ashok Dugade, said here his bank was part of a team of senior officials that met the Post Master General to discuss the possibility of the postman becoming the interface between banks and ... More

FINANCIAL INSTITUTIONS

WBIDC to pay Rs 58 lakh interim dividend
THE West Bengal Industrial Development Corporation (WBIDC), for the first time since its inception, will pay about Rs 57.58 lakh to the State Government as an interim dividend for the fiscal 2005-06. Announcing this, the State's Commerce and ... More

FIXED DEPOSITS

Deposits exempt from TDS on interest — CBDT plans change in banks' reporting details
THE Central Board of Direct Taxes (CBDT) is considering doing away with the requirement to report to the Revenue Department all deposits on which interest has been paid without deduction of tax at source. This move would come as a major relief ... More

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