The Hindu Business Line : Thursday, October 05, 2006

FOREX
Rupee flat against dollar
The rupee traded flat against the dollar on Wednesday. The currency opened at 45.74 to end the day at 45.74/75, against Tuesday's 45.75. However, trading was quite volatile with the rupee reaching a level of 45.65. Aggressive ... More

NBFCS
GTF launches e-loans facility for SSIs
Global Trade Finance Ltd has launched an `e-loans sanctioning' facility for exporters in the small-scale industries (SSI) sector. GTF Ltd is a non-banking finance company offering trade finance solutions to the SME sector and is a joint venture ... More

HOUSING FINANCE
HSBC plans to hike home loan rates
HSBC Bank will hike home loan rates from 9-9.25 per cent to 9.50-9.75 per cent (floating rate) effective October 6. Fixed rates on home loans will remain unchanged at 11 per cent. Currently, home loans account for 65 per cent of HSBC's retail ... More

LIFE INSURANCE
LIC south central zone tops targets
Set to unveil more unit-linked insurance products More

CREDIT RATING
Crisil rating of SBI bonds
Crisil Ltd has assigned AAA/stable rating for the Rs 1,000 crore and Rs 350 crore Upper Tier II bonds of State Bank of India. It has also assigned "A/Stable" rating to Dena Bank's Rs 300 crore Upper Tier II bonds, said a BSE ... More

PUBLIC SECTOR BANKS
Dedicated TUFS cell in SBI urged
Interest subsidy reimbursement More

GOVT BONDS
Bond prices rise by 12 paise
Bond prices moved up by around 12 paise on the back of crude prices touching around $58 per barrel. The news of Life Insurance Corporation (LIC) investing in the debt market also helped sentiment. "All this will reduce the ... More

NON-PERFORMING ASSETS
Standard Motors' payment buoys IOB recoveries in Q2
A payment of Rs 16.26 crore from the `Standard Motors' account that Indian Overseas Bank received towards the end of September, was partly responsible for a 49-per cent increase in the bank's recoveries in the second quarter of this year. The ... More

SHORT TERM INSTRUMENTS
Call rates at 6.40-6.50 pc
Call rates were between 6.40 and 6.50 per cent against 6.50-6.60 per cent. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted six bids amounting to Rs 8,295 crore and in the ... More

T-bills fully subscribed
The auctions of the 182-day treasury-bills and 91-day treasury-bills held today by the RBI were fully subscribed. The Market Stabilisation Scheme (MSS) amount for 91-day T-bill was Rs 1,500 crore. The RBI received 42 competitive bids ... More

MERGERS & ACQUISITIONS
SIB scouting for mid-sized bank
Not restricting search to Kerala based banks More

OUTLOOK
Banks may post higher treasury income in Q2
Stable interest rates, softer crude prices More

INVESTOR PROTECTION
Passbook facility must for SB account-holders: RBI
`Cost of the facility must be borne by the bank' More

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Cross Currency Rates

Core sector grows 5.5 pc in August

Standard Motors' payment buoys IOB recoveries in Q2

Mutual fund AUMs fall in September

Pepper production seen lower by 20,000 tonnes

New Mitsui service to link Singapore

Markets decline on back of profit booking

FPSO vessel to be operational by month-end: ONGC

Cotton: Varietal glut, shortage to skew market

Looking back
Sep. 24-Sep. 30
SBI Debit card ad withdrawn

Banking industry for consolidation

Free pricing to see lower premium rates: Swiss Re

Interest rates may remain stable, say bank chiefs

Credit Suisse sees India's GDP growth at 8.5 pc

UTI Bank plans investment banking arm in London

PSBs may mark to market entire securities portfolio

Taxing dividends of agricultural companies

External debt jumps $6.9 b

Banks resume mop-up through bulk deposits

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