The Hindu Business Line : Thursday, January 10, 2008

FINANCIAL SERVICES
IFMR Trust to help low income households
Chennai, Jan. 9 The Institute of Financial Management and Research (IFMR) today launched the ‘IFMR Trust’. The Trust will “create and manage funds which will invest in commercial enterprises that leverage the competitive ... More

FOREX
CHECKS & BALANCES
Forex hedging in practice
The rupee is on an unrelenting rise. At the time of writing, the currency moved towards a 10-year high against the dollar, necessitating the central bank’s urgent intervention. Meanwhile, companies with forex exposure are doing ... More

Rupee range-bound
More

INFORMATION TECHNOLOGY
‘Banks have to balance biz growth, tech changes’
Mumbai, Jan. 9 Banks must implement strong IT governance practices to ensure that that their technology projects do not adversely impact their performance, according to senior bank officials at Banknet’s “Fourth International ... More

Managing IT challenges
More

FINANCIAL PERFORMANCE
South Indian Q3 net up 64%
Thiruvananthapuram, Jan 9 South Indian Bank (SIB) has recorded a 64 per cent increase in net profit during the third quarter of the current year as compared to the corresponding period of the previous year.The net profit was Rs. 40.72 ... More

NBFCS
Srei Infra launches $50-m Shariat fund
Srei Infrastructure Finance Ltd has launched the first Shariat compliant instrument in the Indian market — a $50-million facility arranged and book-run by HSBC. According to Mr Hemant Kanoria, Vice Chairman and Managing Director ... More

HOUSING FINANCE
Carlyle picks up 49% in Repco Home
Chennai, Jan. 9 Carlyle Asia Growth Capital Partners has committed to pick up 49 per cent equity stake in the Chennai-based Repco Home Finance Ltd for a consideration of $27.7 million (Rs 110 crore). Repco, a subsidiary of Repatriates ... More

LIFE INSURANCE
ICICI Prudential, APOnline pact
ICICI Prudential Life Insurance has tied up with APOnline and Department of Posts for collection of premium. The tie-up would facilitate payment of insurance premium by policyholders at 730 and 382 branches of APOnline and post offices across ... More

PRIVATE BANKS
Axis Bank Q3 net grows 66%
Sharp rise in margins, income More

GOVT BONDS
Bond prices gain
More

CREDIT MARKET
Banks may nudge corporate borrowers to get rated
Risk-driven rates to prevail under Basel norms More

SHORT TERM INSTRUMENTS
Call rates unchanged
More

MERGERS & ACQUISITIONS
MPs for rethink on SBI consolidation move
New Delhi, Jan 9 Ahead of a crucial Cabinet meeting for approval of merger of State Bank of Saurashtra (SBS) with State Bank of India (SBI), pressure is mounting on the Government to reconsider the proposed consolidation efforts within the SBI ... More

TRADE & LABOUR UNIONS
RRBs on two-day strike
The officers and employees of 1,200 Regional Rural Banks (RRBs) in the State will go on a two-day strike from January 10. The strike was in response to a nationwide strike call given by the Joint Forum of Grameen Bank Unions (JFGBU) pension, ... More

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Cross Currency Rates

People's car

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Union Budget 2007-08

Railway Budget 2007-2008

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Looking back
Dec. 30-Jan. 5
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