The Hindu Business Line : Thursday, April 20, 2006

Rupee range-bound
The rupee was range-bound against the US dollar on Wednesday as demand matched supplies. Though the rupee ended higher than the previous close, it did not mirror the gains made by overseas currencies such as the euro, yen and ... More

GENERAL INSURANCE

Insurers' investment earnings up last year
Stock boom also brings them handsome gains More

General insurance staff referendum
The referendum (check off) among the employees of public sector general insurance companies has been held all over the country. Mr P.P. Mohanan, General Secretary of General Insurance Officers All India Association (GIOAIA), ... More

CREDIT RATING

S&P outlook for 5 banks positive
Sequel to upgrading of sovereign rating More

PRIVATE BANKS

Catch' em young
YOUNG STARS' ACCOUNT: Ms Chanda Kochhar, Executive Director, ICICI Bank, at a press conference to announce a tie-up with Cartoon Network to promote the bank's Young Stars Account, a bank account for children in Mumbai on ... More

PUBLIC SECTOR BANKS

IOB sells 36 kg gold on launch day
Indian Overseas Bank today began gold retailing with a "better than expected" performance on the first day. The bank sold over 4,600 coins of various weights, totalling 36 kg. At today's prices, this would be valued at close to Rs 3.25 ... More

FINANCIAL INSTITUTIONS

IIFCL, IL&FS tie up to fund power projects
The newly formed India Infrastructure Finance Company (IIFCL) and Infrastructure Leasing and Financial Services (IL&FS) have signed a collaboration agreement to develop and finance generation and transmission projects in the power sector. ... More

GOVT BONDS

Bond prices rise by 40-50 paise
Bond prices rose by 40-50 paise and the traded volumes were high at around Rs 5,700 crore. Dealers said that prices surged as a reaction to the annual credit policy, which left interest rates untouched against market expectation. ... More

SHORT TERM INSTRUMENTS

Call rates unchanged
The call rates were unchanged at 5.5/5.6 per cent. In the one-day reverse repo auction, under LAF, RBI received and accepted 29 bids amounting to Rs 22,660 crore in the first auction and 41 bids for Rs 38,030 crore in the second. ... More

FIXED DEPOSITS

Four banks raise NRE deposit rates
Four banks have taken a lead in raising interest rates on non-resident external rupee term deposits. This follows the Reserve Bank of India's move to liberalise the interest rate ceiling for NRE deposits in the annual monetary policy statement ... More

Cross Currency Rates