The Hindu Business Line : Saturday, November 25, 2006

FINANCIAL SERVICES
IDBI Capital, Bank of Rajasthan tie up
IDBI Capital Market Services Ltd has signed an agreement with Bank of Rajasthan to offer e-trading services through www.IDBIpaisabuilder.in to the customers of the bank. "We are ... More

FOREX
Forex reserves up $2 b
Forex reserves for the fortnight ended November 17 increased by a massive $2.071 billion to touch $170.355 billion, according to the figures released by the Reserve Bank of India. This is the fifth week in a row that forex reserves have climbed. ... More

Spot rupee volatile
The spot rupee was choppy during the day but ended almost unchanged on Friday. The euro and the sterling strengthened against the dollar, which helped the rupee gain, though during day trade it weakened as some banks bought ... More

GENERAL INSURANCE
GIC seeks to reinsure risks selectively
To focus on global business after free pricing kicks in More

PRIVATE BANKS
HDFC Bank gets nod for new branches
HDFC Bank has received the RBI's approval for setting up new branches and offsite ATMs, said a BSE announcement. Prior to this, ICICI Bank had got the RBI nod for opening new ... More

IDBI Capital, Bank of Rajasthan tie up
IDBI Capital Market Services Ltd has signed an agreement with Bank of Rajasthan to offer e-trading services through www.IDBIpaisabuilder.in to the customers of the bank. "We are ... More

IndusInd ties up with Wall Street Fin
Wall Street Finance Ltd (WSFL) has tied-up with IndusInd Bank for sales and marketing of Saudi Riyal drafts to Haj pilgrims during the Haj season. WSFL is involved in foreign exchange and inward money remittance services. "Under ... More

PUBLIC SECTOR BANKS
Dena Bank to distribute ING MF products
ING Mutual Fund has tied up with Dena Bank for the distribution of its mutual fund products through select branches. "The move will help us strengthen our retail participation," said Ms Kavita Hurry, MD and CEO, ING Investment ... More

FOREIGN BANKS
HSBC to hold `bird race' tomorrow
The Hongkong and Shanghai Banking Corporation Ltd is organising the HSBC Bird Race, a signature event of the bank to create awareness about nature, here on Sunday. The HSBC Bird Race is a dawn-to-dusk event and each of the four-member team ... More

GOVT BONDS
Bond prices up by 15 paise
Bond prices increased by around 15 paise due to comfortable liquidity in the system. The total traded volumes on the order matching system was around Rs 7,345 crore (Rs 5,265 crore). The inflation was stable at 5.29 per cent ... More

CORPORATE BONDS
Foreign banks turn buyers of public sector bank bonds
Anticipate softening of yields across all categories More

CREDIT MARKET
Bank credit up Rs 15,525 cr
Gross bank credit has gone up by Rs 15,525 crore to Rs 16,71,093 crore as of November 10, according to RBI's Weekly Statistical Supplement. Food credit increased by Rs 1,025 crore to Rs 37,657 crore and non-food credit was up by Rs 14,501 ... More

SHORT TERM INSTRUMENTS
Call rates lower
Call rates ruled low between 6.05 per cent and 6.15 per cent against Thursday's 6.1 per cent and 6.2 per cent. In the first three-day reverse-repo auction under LAF, the RBI received and accepted five bids for Rs 3,490 crore. ... More

PEOPLE
Andhra Bank founder remembered
Dr B. Pattibhi Sitaramayya, veteran Congress leader of yesteryears and founder of Andhra Bank, was remembered here on Friday in Andhra University, when a reprint of a biography, authored by Prof. A. Prasanna Kumar, was released ... More