The Hindu Business Line : Thursday, July 19, 2007

DIVIDEND ANNOUNCEMENT
SBI dividend cheque
Mr O.P. Bhatt, Chairman of State Bank of India, today handed over a cheque of Rs 440.07 crore to Dr Y.V. Reddy, Governor, Reserve Bank of India. The cheque was issued representing the dividend for the financial year 2006-07 on SBI shares held by ... More

FOREX
INDIA’S COMPETITIVENESS
Weak rupee not the cure-all
More

Rupee weakens against dollar
The rupee weakened by about four paise against the greenback on Wednesday due to concerns about a loss of risk appetite among global investors prompting traders to pare their holdings. The home currency opened at 40.34/36 and saw a low of 40.45 ... More

FINANCIAL PERFORMANCE
IDBI net profit rises marginally in first quarter
Fall in NIM on increase in borrowing cost and lower yield on advances More

LIFE INSURANCE
Tata AIG launches ULIP
Tata AIG Life Insurance Company has launched ‘InvestAssure Gold,’ a whole life unit-linked insurance plan (ULIP), in Chennai. Mr Joydeep Roy, Chief Distribution Officer, said that the product offered the advantage of combining ... More

HUMAN RESOURCES
Grooming the staff to make customer the king
SBI’S PARIVARTAN More

PRIVATE BANKS
Edelweiss gets SIB mandate to raise funds
Chennai, July 18 Edelweiss Securities Pvt Ltd, the wholly owned subsidiary of Edelweiss Capital Ltd, has secured the mandate from South Indian Bank to raise funds for the bank. It is understood that the bank would raise between Rs 300 crore ... More

FOREIGN BANKS
Deutsche Bank plans award for Mumbai urban project
More

GOVT BONDS
Bond prices rise 40-80 paise
Bond prices surged by around 40-80 paise across securities of various maturities. Total traded volumes on the order matching system were at Rs 16,285 crore (Rs 13,485 crore). Dealers said the excess cash in the system aided the buying sentiment ... More

CORPORATE BONDS
BoI debt issue fully subscribed
Mumbai, July 18 Bank of India’s issue of innovative perpetual debt instrument of Rs 200 crore, and a greenshoe of Rs 200 crore has been fully subscribed.The capital will be used to augment the bank’s Tier-I capital, said a ... More

SHORT TERM INSTRUMENTS
Call rates end at 0.25-0.45%
The inter-bank call rates closed at 0.25-0.45 per cent on Wednesday against the previous close of 0.25-0.35 per cent. The Reserve Bank of India received bids worth Rs 1,10,165 crore through the reverse repo window under the two sessions of ... More

CREDIT CARDS & DEBIT CARDS
Credit card business set for over 30% growth
Increasing acceptance attributed to low capital deployment More

ALLIANCES & JOINT VENTURES
Nabard plans jt venture micro finance institution
Kolkata, July 18 In a move that will lead it to a completely new terrain, Nabard (National Bank for Agriculture and Rural Development) plans to set up a micro finance institution (MFI) as a joint venture with banks and other ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Taj Wellington in Mumbai gets nod for rooftop helipad

BSNL for keeping 3G gear as part of cellular contract

Walker eyes stake in Flemingo Dutyfree Shop

Weak rupee not the cure-all

Credit card business set for over 30% growth

Cairn gets DGH nod for appraisal programme

Import of sensitive items down by 8%

Looking back
Jul. 8-Jul. 14
Bond yields fall as RBI limits intervention

‘Softening of interest rates round the corner’

IRDA issues circular on use of forms for riders

Emerging markets: Too little risk, too much reward?

Allahabad Bank may raise Rs 500-cr Tier-II capital