The Hindu Business Line : Saturday, September 15, 2007

FOREX
Forex reserves rise $1.5 b
Mumbai, Sept. 14 The country’s forex reserves increased by $1.530 billion to $230.377 billion for the week ended September 7 on account of reasonably good inflows and revaluation of currency assets, said a dealer with a private bank. ... More

Rupee tad weaker
The rupee weakened by two paise against the dollar on Friday and closed at 40.46/47, marginally down from the previous close of 40.45/46. The rupee was largely range-bound during the day. “The central bank was seen buying dollars in order ... More

LIFE INSURANCE
LIC targets 31% rise in new biz premium
Health insurance policy launch by January likely More

FINANCIAL POLICY
Policy steps helped rein in inflation: RBI
Mumbai, Sept. 14 Greater attention to price stability and pre-emptive measures taken in the economic policy has helped contain inflation rates and inflation expectation. Maintenance of price stability and financial stability is ... More

CREDIT MARKET
BoI launches schemes for traders in Kerala
Kochi, Sept. 14 The public sector Bank of India is receiving encouraging response from the trading community following the introduction of various unique schemes, which are designed to provide hassle free financial assistance for businessmen ... More

SHORT TERM INSTRUMENTS
Call rates close lower
The inter-bank call rates closed lower at 4-4.25 per cent on Friday against the previous close of 6-6.10 per cent. In the three-day reverse repo auction, under Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 14 bids ... More

ALLIANCES & JOINT VENTURES
IOB in talks for tie-up with another bank
Mumbai, Sept. 14 Chennai-based Indian Overseas Bank is looking for a tie-up with another bank to expand its business and reach. Without naming the likely partner, Mr S. A. Bhat, Chairman and Managing Director, IOB, said, “Talks are at a ... More

BUSINESS MODELS
Intermediate holding co critical for growth: IBA
Mumbai, Sept. 14 The intermediate holding company model being proposed by ICICI Bank and State Bank of India will insulate banks from the risks of raising capital for non-banking business, as the holding company would be able to raise funds ... More