The Hindu Business Line : Sunday, December 31, 2006

FINANCIAL SERVICES
Ujjivan Financial plans expansion
Ujjivan Financial Services Pvt Ltd, a Bangalore-based micro-finance institution that provides financial services to economically-active urban poor women, plans to open its first rural branch in Ramnagara, on Mysore Road, on January 3. The ... More

DIVIDEND ANNOUNCEMENT
Bank of India pays dividend to Govt
Bank of India paid a 20 per cent interim dividend to the Union Government for the financial year 2006-07. The Government holds 69.74 per cent equity in the bank. Mr M. Balachandran, Chairman and Managing Director of Bank of ... More

FOREIGN INSTITUTIONAL INVESTORS
FIIs pump $881 m into the debt market in 2006
US-India interest rate differential fuelled FII investment More

INTEREST RATES
Canara Bank hikes lending rate
The public sector Canara Bank has hiked its benchmark prime lending rate 25 basis points to 11.75 per cent effective from January 2007 onwards. A bank release said that the hike was taken in view of the steep increase in the ... More

SHORT TERM INSTRUMENTS
Call rates close at 10-11 pc
Call rates eased on Saturday, closing at 10-11 per cent, down from Friday's close of 18-19 per cent — a nine-year high. However, during day-trade the rates touched a high of 20 per cent once again. On Saturday the call ... More

FIXED DEPOSITS
Union Bank launches group insurance
Union Bank of India tied up with LIC of India to launch `Union Double Plus'— a group insurance scheme for fixed deposit account holders. The scheme is open to all fixed deposit accountholders including staff accountholders ... More

SBI hikes FCNR, NRE deposit rates
State Bank of India has hiked rates on FCNR (B) deposits across all currencies and maturities and on NRE rupee term deposits with effect from January 1. According to a press release, the revised rates on NRE term deposits of ... More

SIB hikes NRE rupee deposits
South Indian Bank has raised the interest rates for NRE rupee deposits. For maturity of one to two years, the rates have been revised to 6.33 per cent (6.24 per cent), while two to three year will command 6.16 per cent (6 per ... More

INTERVIEW
How can Indian banks fund overseas M&A?
What can be the likely banking scene in India in 2007? "The banking industry in India is likely to continue its drive towards consolidation be it by acquisitions or alliances," says Mr Abizer Diwanji, Head - Transaction Services, KPMG India ... More

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Cross Currency Rates
Pick a Winner Stock Market Contest

Agrochemicals Policy Group to take its campaign to next stage

How can Indian banks fund overseas M&A?

Lalu launches new railway schemes

`FM channels cutting into film industry's revenues'

Media sees much action in second half

Looking back
Dec. 24-Dec. 30
Special NRI schemes this season

Bonds remain subdued in thin trading

The vice-grip of finance

CalPERS to invest in select Chinese stocks

Syndicate Bank Jaikisan, `a big hit among farmers'

`Good response to co-op credit package'

Landmark year for insurance sector

Forex reserves rise $8.6 b in first half

External debt up $4.31 b in Q2