The Hindu Business Line : Friday, January 04, 2008

FOREX
Rupee rises on dollar weakness
The rupee strengthened by three paise against the greenback on Thursday on dollar selling by some foreign banks. The home currency closed at 39.40/41, up from the previous close of 39.43/44. The rupee opened at 39.46/48 and after remaining ... More

LIFE INSURANCE
IRDA issues new norms for unit-linked products
Hyderabad, Jan. 3 From February 1, insurers selling unit-linked insurance products will have to be more transparent in disclosures pertaining to the charges, investment funds and benefits to policy holders. The Insurance Regulatory and ... More

FINANCIAL MARKETS
Market stabilisation scheme may be resumed
Liquidity overhang evident from reverse repo mop-ups More

RBI & OTHER CENTRAL BANKS
RBI open to changes in capital account policy
Immediate focus is on managing excess capital inflows: Y.V. Reddy More

PUBLIC SECTOR BANKS
PNB launches third financial inclusion project
Saharanpur (UP), Jan. 3 Punjab National Bank has launched its third pilot project on financial inclusion in Saharanpur district of Uttar Pradesh. The bank had earlier launched similar projects in Rajasthan and Bihar.“In the first ... More

Vijaya Bank may raise Rs 300 cr more before fiscal-end
Vijaya Bank may raise about Rs 300 crore of capital before end-March 2008 to fund business growth, its Chairman and Managing Director, Mr Prakash P. Mallya, has said.“I may go in for about Rs 300 crore either through perpetual ... More

GOVT BONDS
Bond prices down
More

CREDIT MARKET
Kerala registers Rs 1,156-cr growth in farm loans
Thiruvananthapuram, Jan. 3 The outstanding agricultural advances by commercial banks in Kerala recorded an increase of Rs 1,156 crore in the first half of the current financial year.This was, however, slightly lower than the growth of ... More

SHORT TERM INSTRUMENTS
Call rates move up
Call rates closed higher at 6.1-6.25 per cent against the previous close of 2.5-3 per cent. According to a bond dealer with a public sector bank, traders may have borrowed in the early part of the day, which pushed the call rates up. ... More

FIXED DEPOSITS
SBI hikes rates on deposits of up to 2 years maturity
Mumbai, Jan. 3 State Bank of India on Thursday hiked rates on fixed deposits of up to two years maturity. This is the second time in less than a month that the bank is hiking its deposit rates.The interest rates have been hiked by ... More

REGULATORY BODIES & RULINGS
IRDA reconstitutes tariff panel
Hyderabad, Jan. 3 The IRDA has reconstituted the Tariff Advisory Committee with effect from January 1, 2008. Mr C.S. Rao, Chairman, IRDA, and Mr K. Srinivasan, Member (Non-Life), IRDA, are the Chairman and Vice-Chairman respectively for the ... More

TRADE & LABOUR UNIONS
Bank employees to strike work on Jan 25
New Delhi, Jan. 3 About a million employees and officers from various banks in the country will go on day-long strike on January 25 to protest against the planned merger of associate banks of State Bank of India with their parent bank and ... More

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