The Hindu Business Line : Thursday, September 28, 2006

INSIGHT
True hero of a turnaround
At a recent function in Chennai to kick off Indian Bank's centenary celebrations, the Finance Minister, Mr P. Chidambaram, recalled that in 1996 the big question was whether or not the bank would survive. He ... More

FOREX
Rupee up on dollar inflow
The rupee gained slightly against the greenback on the back of dollar flows into the market. The domestic currency opened at 45.91/93 and touched an intra-day high of 45.8750. It finally closed the day at 45.89/90 against ... More

CREDIT RATING
Credit Suisse sees India's GDP growth at 8.5 pc
Forecasts revised on signs of improvement in economy More

ICRA rates IIFCL debt
ICRA has assigned an `LAAA (SO)' rating to the Rs 500 crore debt programme of India Infrastructure Finance Company Ltd (IIFCL). This triple A (Structured Obligation) rating is the highest credit-quality rating assigned by ICRA.A ... More

DEBT MARKET
SEBI chief urges bond market role in infrastructure funding
Suggests participation of investors with "deep pockets" in debt markets More

RBI & OTHER CENTRAL BANKS
RBI may extend `when issued' trading to new issuances
"Currently, when-issued trading is limited to reissuances only. We are planning to extend it to new issuances as requested by market participants." More

PRIVATE BANKS
UTI Bank plans investment banking arm in London
To capitalise on large off-shore biz for Indian corporates More

Yes Bank plans micro finance arm
Yes Bank is planning to set up a subsidiary for micro finance. It applied to the RBI for permission two months ago, said Mr Somak Ghosh, President, Corporate Finance and Development Banking, Yes Bank. "We are awaiting permission from RBI. We ... More

PUBLIC SECTOR BANKS
SBH to raise Rs 550-cr tier-II capital
Has opted for issue of subordinated bonds of Rs 500 cr with a green shoe option of 10 pc More

GOVT BONDS
Bond prices fall on strong selling
Bond prices dropped by about 11 paise on strong selling. Traded volumes on the order matching system were Rs 4,350 crore. "The US treasury yields also moved up to 4.58 (4.54), impacting the domestic market," said a dealer at a ... More

CREDIT MARKET
`Banks must regularly review SHG linkages'
Best model for financial inclusion: Thorat More

SHORT TERM INSTRUMENTS
T-bills auction fully subscribed
The auctions of the 364-day treasury-bills and 91-day treasury-bills held on Wednesday by the RBI were fully subscribed. The Market Stabilisation Scheme (MSS) amount for 91-day T-bill was Rs 1,500 crore. The RBI received 46 ... More

Call rates unchanged
Call rates remained same between 6.40 per cent and 6.50 per cent. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted four bids amounting to Rs 5,625 crore and in ... More

SECURITISATION
Securitisation of debt market stressed
"Sebi should be the regulator for corporate debt market," said Mr R.H. Patil, Chairman, The Clearing Corporation of India Ltd, at the CII Capital Markets Summit for financing infrastructure through capital markets. Mr Joseph Massey, Joint ... More

TRADE & LABOUR UNIONS
Syndicate Bank staff to join stir
All employees of Syndicate Bank will join the strike on October 3 in support of the ongoing indefinite strike by the employees of Lord Krishna Bank (LKB), according to Mr K.S. Bhat, All-India Secretary, Syndicate Bank Staff ... More