The Hindu Business Line : Tuesday, December 04, 2007

AWARDS & HONOURS
Award for TNSC Bank
Coimbatore, Dec. 3 The Ministry of Social Justice and Empowerment has adjudged the Tamil Nadu State Apex Co-operative Bank Ltd (TNSC) as the ‘Best Channelising Agency’ for the year 2007, recognising its missionary role in the ... More

INSIGHT
Real inclusion
Financial inclusion is the mantra driving banks, especially public sector banks today. As a firm votary of the concept, that envisages bringing into the banking fold everyone irrespective of financial status, the Finance Minister, Mr P. ... More

FOREX
Rupee gains 12 paise
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NBFCS
Fullerton India bets big on retail loan market
Mumbai, Dec. 3 Mr Francis Andrew Rozario, the Singapore-based Chairman of Fullerton India Credit Company, probably the fastest growing NBFC in this country, is betting big on Indian retail loan market.He said that Fullerton India, set ... More

GENERAL INSURANCE
Health policy for senior citizens
New Delhi, Dec. 3 Public sector non-life insurance company, Oriental Insurance Co Ltd, has launched a new mediclaim policy for senior citizens. The policy called, HOPE (Health of Privileged Elder), covers hospitalisation due to 10 specified ... More

FINANCIAL MARKETS
Through the magnifying glass
The Indian economy and equity markets continue to be resilient. Third quarter growth dipped only slightly to 8.9 per cent compared to 9.3 per cent in Q2. True, the same period last year saw double digits, but the ‘sacrifice’ is ... More

PUBLIC SECTOR BANKS
Vijaya Bank meet on official language
Vijaya Bank hosted the 45th meeting of the south-based Public Sector Banks Committee on official language in the city on Monday. The meeting was inaugurated by the bank’s Chairman and Managing Director, Mr Prakash P. Mallya, the ... More

GOVT BONDS
Bond prices up as liquidity eases
The bond market was positive as liquidity conditions improved. Yields on the actively traded Government papers fell by three basis points. A bond dealer with a foreign bank said, “There was comfort coming from improved liquidity and easing ... More

CORPORATE BONDS
SEBI eases norms for corporate bonds
Mumbai, Dec. 3 The Securities and Exchange Board of India has relaxed guidelines for issue of corporate bonds through the public issue route. The new norms permit companies to come out with bonds with below investment grade popularly known as ... More

SHORT TERM INSTRUMENTS
Call rates tad lower
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FIXED DEPOSITS
2 banks cut FCNR, NRE deposit rates
Mumbai, Dec 3 Bank of Baroda and Dena Bank have cut interest rates on FCNR (B) and NRE deposits with immediate effect. In the case of FCNR (B) deposits for both Bank of Baroda and Dena Bank, the interest rates on dollar deposits of ... More

TRADE & LABOUR UNIONS
Section of officers may join SBI strike
Mumbai, Dec 3 A section of officers of the seven associate banks of State Bank of India is expected to join the striking employees of these banks to protest against the merger of the State Bank of Saurashtra with SBI. The employees started ... More

CO-OPERATIVES
Urban co-ops getting more deposits: Report
Coimbatore, Dec. 3 If increase in deposit level is a true indication of public confidence in an organisation, the Reserve Bank of India’s initiatives at strengthening the urban cooperative banks (UCBs) has started to yield ... More