The Hindu Business Line : Wednesday, April 05, 2006

Rupee dips against dollar
The rupee depreciated against the dollar on Tuesday due to the central bank's intervention in the forex market. The domestic currency opened at 44.56/58 and moved down to finally close at 44.69/70. On Monday, it had closed at ... More

SOFTWARE

3i Infotech re-brands banking tool
3i Infotech has announced the re-branding of its banking solutions under the `KastleTM' brand. According to a company release, the exercise is aimed at consolidating its various erstwhile banking products, which would now onwards be known by a ... More

HOUSING FINANCE

GE Money hikes home loan rate
GE Money, the consumer finance unit of General Electric Company, has hiked its floating home loan rate by 0.75 per cent. The revision is with effect from April 1. According to the company's release, the rate increase is on ... More

LIFE INSURANCE

BSLI capital infusion
Birla Sun Life Insurance has infused additional capital of Rs 20 crore into the equity of the company. This will enhance the company's equity capital to Rs. 460 crore as on March 31. According to a press release from the company, ... More

RBI & OTHER CENTRAL BANKS

RBI raises WMA limit
No change in minimum balance, OD norms More

GOVT BONDS

Bonds rise as liquidity improves
Bond prices rose as liquidity improved on hopes that government spending would increase. There was some buying interest today, after a cautious approach on Monday, which was the first trading day of the new fiscal, said dealers. ... More

CREDIT MARKET

ICICI retail credit disbursement robust, says ED
Plans more credit card products More

SHORT TERM INSTRUMENTS

Call rates fall on better liquidity
Call rates fell below 6 per cent and ended close to 5.75 per cent (6 per cent) on improved liquidity. In the one-day reverse repo, under the liquidity adjustment facility, RBI accepted eight bids, amounting to Rs 4,300 crore and ... More

CREDIT CARDS & DEBIT CARDS

ICICI Bank, Pru Life offer annuity card
First such initiative in pensions segment More

FIXED DEPOSITS

NRI deposits picking up in Kerala
The flow of non-resident deposits to the commercial banks in Kerala has picked up between September 30 and December 31, 2005. This marks a reversal in the declining trend in non-resident deposits recorded in the first half year of 2005-06, ... More

Banks raise NRE, FCNR rates
Banks such as Dena Bank, Union Bank of India, Central Bank of India and Bank of India Bank have raised interest rates on the NRE and the FCNR (B) deposits across various maturities with immediate effect. Dena ... More

TRADE & LABOUR UNIONS

SBI strike: Govt not to relent
Operations at all branches continue to be affected; no cheque clearance More

More unions back SBI stir
Many leaders join demonstration More

A different stand
WAITING FOR AN OPENING: Ganna Amma, a 70-year-old pensioner and widow of a railway employee, waiting outside the State Bank of India Dondaparthy branch in Visakhapatnam on Tuesday. Transactions had come to a standstill in SBI following the ... More

Tirupur exporters' assn concern
Knitwear exporters from Tirupur have expressed apprehension over the continuation of the strike by the State Bank of India employees and have appealed to the Government to end the strike. The Tirupur Exporters' Association in a communication ... More

RRB staff to stage dharna
Demanding an immediate revision of all allowances on par with the commercial bank staff, the employees of regional rural banks (RRBs) under the aegis of the Andhra Pradesh RRB Employees Association are planning to stage a dharna ... More

PEOPLE

New ED for Vijaya Bank
Mr T. Valliappan, who was appointed Executive Director of Vijaya Bank last week, has assumed charge. Mr Valliappan started his career with Indian Bank and worked in various capacities there before entering Vijaya Bank. He held responsibilities in ... More

New Indian Bank ED
Mr M.S. Sundara Rajan has been appointed Executive Director of Indian Bank. He will be holding office as a whole time Director until March 31, 2010. Prior to joining Indian Bank, Mr Rajan was General Manager at Union Bank of ... More