The Hindu Business Line : Saturday, January 27, 2007

INSIGHT
CREDIT POLICY REVIEW
To `firm up' or `calibrate' is RBI's dilemma
In a situation of all price indices showing an upward trend, the Reserve Bank of India must persist with its tightening stance taking the stand that its measure needs time to make an impact, says A. SESHAN. The RBI's policy steps will be calibrat ed appropriately in tune with the emerging developments. Its dilemma is palpable. More

FINANCIAL PERFORMANCE
Q3 numbers: New private banks rock
Strong growth in interest income, other income More

NBFCS
Financial inclusion panel may pitch for microfinance NBFCs
`Merit in allowing these institutions to take deposits' More

GENERAL INSURANCE
Motor cover: Officers unhappy
The General Insurance Officers' All India Association has flayed the recent 70 per cent cut in third party insurance premium. It was widely feared that the cut would affect the bottom line of public sector insurance companies. ... More

AP to launch health insurance on April 1
CM launches EMRI rural initiative More

RBI & OTHER CENTRAL BANKS
IMF for continuing reforms to ensure higher growth
`Budget deficit, debt needed to be reduced' More

PUBLIC SECTOR BANKS
Bank of India offers free credit counselling
Bank of India today opened a `free credit counselling services centre' here for those in distress under the burden of debt. Explaining the rationale behind the service, the bank's Chairman and Managing Director, Mr M. Balachandran, said that ... More

FINANCIAL INSTITUTIONS
Exim Bank to raise $250 m for funding SMEs
Exim Bank of India is negotiating with "a multilateral lending agency" for a $250-million loan to fund small and medium enterprises (SMEs). The process of due diligence is on and the agreement is likely to be firmed up in two months, the bank's ... More

INTEREST RATES
Home Loans — Extended tenure, higher outgo
A 100 per cent increase in repayment period causes 150 per cent increase in cost. HOME LOANS More

INTERVIEW
`New' instruments may have to be pegged to floating rates
While speaking at the FICCI a few weeks ago, the Finance Minister, Mr P. Chidambaram, rejected the industry's suggestion to allow it to replace high-cost rupee debt with seemingly low-cost foreign debt. He said, "I cannot allow this as it ... More

SOCIETY & DEVELOPMENT
StanChart's gesture to eye hospital
Standard Chartered Bank has announced a grant of Rs 2.27 crore to Sankar Foundation Eye Hospital for the construction of a hospital at Vepagunta in Visakhapatnam district. The contribution under the bank's `Seeing is Believing' programme aims ... More

OUTLOOK
Corporation Bank to foray into credit cards business
Corporation Bank's credit card business is likely to take off in February this year. It has decided to tie-up with Visa International for this purpose. "We will launch it in a month or so. All groundwork has been completed. The credit card ... More

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To `firm up' or `calibrate' is RBI's dilemma

IMF for continuing reforms to ensure higher growth

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Looking back
Jan. 14-Jan. 20
Federal Bank picks up stake in South Indian, LVB

For private life insurers, break-even is still away

Bond yields harden on liquidity, inflation worries

Rate cap on micro loans unlikely

The return of brick and mortar