The Hindu Business Line : Wednesday, September 21, 2005

Rupee moves up; gilts lacklustre
MUMBAI: The rupee strengthened against the dollar on Tuesday as it tracked the upswing on the stock market. The domestic currency opened at 43.90/91 and slipped to 43.92/9250 as the dollar strengthened against other currencies in the ... More

INTERNET

Info on corporate debt revamp on the Web
THE Corporate Debt Restructuring Cell launched its Web site, (www.cdrindia.org) providing information about CDR mechanism's three-tier structure, members, restructuring proposal format, restructuring process ... More

MANPOWER

SBI broadens exit option to include junior officers
STATE Bank of India has modified its early retirement scheme to include junior management officers. Also, the earlier cut off age of 50 years has now been reduced to 45 years. This will be an open-ended scheme, encouraging more officers to opt ... More

NBFCS

Newbridge to invest $100 m in Shriram truck finance cos
NEWBRIDGE Capital, a private equity company, will invest $100 million (around Rs 450 crore) in the three companies of the Chennai-based Shriram group that are engaged in truck financing — Shriram Investments, Shriram Transport Finance ... More

HOUSING FINANCE

To weed out fraudulent transactions — `Title insurance' may be made mandatory for housing deals
THE trauma of finding oneself at the wrong end of fraudulent property transactions might soon be a thing of the past. Insurance that provides protection against property whose title is not clear could be making its debut in the country ... More

PUBLIC SECTOR BANKS

SEBI fiat on equity transactions — PSBs seek more time to comply
BANKS have sought more time to comply with the Securities and Exchange Board of India (SEBI) regulation requiring all institutional investors to stop delivery of shares by hand or settling equity transactions against payment. The regulation ... More

PNB launches Web site for farmers
PUNJAB National Bank (PNB) has launched a Web site — pnbkrishi.com — to cater to the specific needs of farmers. The Web site provides information relating to the crops such as foodgrains, vegetables, fruits, pulses, oilseeds, spices, ... More

Corporation Bank's Hindi interface in final stages of testing
THE Chairman and Managing Director of Corporation Bank, Mr V.K. Chopra, has said the bank's core banking interface in Hindi is in the final stages of testing. Inaugurating Hindi Day celebrations at the bank's official language division here on ... More

PNB meet on retail loans
KOCHI: Punjab National Bank (PNB) conducted a customer relations meet and retail credit camp at Ernakulam on Tuesday. Customers from suburban areas in the district participated and retail loans under various schemes amounting to more than ... More

INTEREST RATES

Time for a Fed pause?
The scales on the eve of the FOMC meeting seem evenly balanced. More

CREDIT MARKET

Bank of Maharashtra offers loan plans for `green' cause
BANK of Maharashtra has announced two loan schemes to promote the use of eco-friendly products to commemorate the International Ozone Day and the 71st Foundation Day of the bank which was on September 16. As per the scheme, the rate of interest ... More

SBH plans loan mela from Sept 23
HYDERABAD: State Bank of Hyderabad has announced that it would organise a three-day annual festival, `Loan Utsavam-2005,' from September 23 at the Institution of Engineers here. The event will be a one-stop shop for public, where ... More

TRADE & LABOUR UNIONS

Kerala bank staff to join strike
THIRUVANANTHAPURAM: Bank employees in Kerala will join the nationwide strike organised by labour unions on September 29 to protest against globalisation. According to Mr K. Raja Kurup, General Secretary of the Kerala unit of the ... More

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