The Hindu Business Line : Thursday, December 13, 2007

FINANCIAL SERVICES
Reliance Money PMS roll-out in mid-Jan
Reliance Money, a subsidiary of Reliance Capital Ltd, has decided to launch its portfolio management services (PMS) in mid-January next year. The company wants to take PMS to the masses and, therefore, has pegged the entry level at Rs 5 ... More

AUDITING
RBI will name statutory auditors for PSU banks this year too
Hyderabad, Dec 12 The Reserve Bank of India will continue to appoint statutory auditors for public sector banks for the current fiscal year and held discussions recently with the Institute of Chartered Accountants of India ... More

FINANCIAL MARKETS
Fed rate impact on stocks not on expected lines
Markets factor in rate changes early More

PRIVATE BANKS
Karnataka Bank, SAS Motors tie up
More

PSG College MoU with ICICI Bank
With the banking industry in increasing need of trained professionals, the Department of Commerce, PSG College of Arts and Science, Coimbatore, is launching a training programme for students in association with the ICICI Bank. The training ... More

FOREIGN BANKS
Vikram Pandit: Going places not new to him
Mumbai, Dec. 12 Mr Vikram Pandit, as Citigroup’s new CEO, is sure going places. But that is not something new to him. His father’s transferable job with Sarabhai Chemicals meant he was doing that. “Every three years he ... More

CORPORATE BONDS
PNB raises Rs 800 cr through bonds
Punjab National Bank (PNB) has raised Rs 800 crore through two different sets of bond offerings to fund business growth and help meet the Basel-II norms.While Rs 300 crore has been raised through Tier-I Perpetual Bonds on a private ... More

CREDIT MARKET
Transport projects ‘biggest recipient’ of ADB loans
Asian Development Bank (ADB) expects transport projects to remain as the largest recipient of loan amounts in India during 2008-10, the period for which it has drawn a country operations business plan.“Transport projects will ... More

SHORT TERM INSTRUMENTS
Call rates close higher
More

FIXED DEPOSITS
SBI cuts rates on short-term deposits
Mumbai, Dec. 12 In a bid to cut cost of funds, State Bank of India, the country’s largest bank, on Wednesday reduced interest rates on domestic term deposits of less than one year by 0.25 percentage point.However, the bank has ... More

EVENTS
‘Effective asset-liability management vital’
Kolkata, Dec.12 Giving the finance industry perspective from a lender’s point of view, Mr T.S. Bhattacharya, Managing Director of State Bank of India, said here on Wednesday that banks perforce now need to cover the cost of funds and yet ... More

OUTLOOK
‘No frills’ lets them in; but real gains yet to flow
FINANCIAL INCLUSION More

‘Banks must gear up to face challenges ahead’
Kolkata, Dec 12 Mr V. Leeladhar, Deputy Governor, Reserve Bank of India, today cautioned banks about the two major challenges, namely the shrinking margin and liquidity management, they had to cope with. The exporters complaining about the ... More

TRENDS
Kerala achieves total financial inclusion
Thiruvananthapuram, Dec. 12 The total financial inclusion drive in Kerala, which reached the goal by September-end this year, has seen as many as 12.70 lakh new savings bank accounts being opened in the State.The drive, which aimed at ... More

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Dec. 2-Dec. 8
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