The Hindu Business Line : Saturday, November 17, 2007

FINANCIAL SERVICES
Corporation Bank opens Invest Shoppe
Mangalore, Nov. 16 Corporation Bank on Friday launched two maiden services for its customers — ‘Financial Health Check-Up’ and ‘Invest Shoppe’ — in Mangalore. While the financial health check-up ... More

INSIGHT
Credit Policy: Orwellian logic at work?
Inflation is the result of synchronised currency debasement by central bankers the world over. The markets understand this better and have been sending the right message through rising gold prices, particularly during the last few years. The RBI woul d do well to read the signals and take appropriate measures, says SHANMUGANATHAN N More

FOREX
Forex kitty swells $3.7 b
Mumbai, Nov. 16 The country’s forex kitty swelled by $3.663 billion to $270.181 billion for the week ended November 9. The reserves had increased by $4.068 billion to touch $266.518 billion for the week ended November 2, 2007, according ... More

Rupee tad lower
The rupee weakened marginally by two paise against the greenback on Friday and closed at 39.33, down from the previous close of 39.31/32. The home currency opened at an intra-day low of 39.38/39 because of weakness in the global equity markets, ... More

DERIVATIVES MARKETS
Resident Indians may get to trade in currency futures
RBI panel says FIIs, NRIs can come in once appropriate systems are in place More

PUBLIC SECTOR BANKS
United Bank steps up thrust on fee-based income
To launch online trading of shares, cash management services More

GOVT BONDS
Bond prices edge up
Bond prices rose slightly but there was little trading interest in the market. Total traded volumes on the order-matching system were at Rs 1,080 crore (Rs 1,045 crore). Dealers said liquidity remained a concern as banks borrowed around Rs 30,655 ... More

CREDIT MARKET
Central Bank revisiting credit portfolio
Madurai, Nov.16 Central Bank of India is poised to regain its position and market share among the public sector banks (PSBs) as at the time of nationalisation. Currently in 7th place, the bank is working to secure a market share of 4.25 ... More

SHORT TERM INSTRUMENTS
Call rates end lower
The inter-bank call rates closed lower at 7.75-8 per cent on Friday, against the previous close of 7.85-8 per cent. In the first three-day repo auction the central bank received and accepted 28 bids for Rs 30,655 crore. There was no reverse repo ... More

ALLIANCES & JOINT VENTURES
MoU for life insurance venture
More

INTERVIEW
SBBJ working on turnaround plan
Targets 10 lakh savings bank accounts this fiscal; bulk liabilities repaid More