The Hindu Business Line : Thursday, February 07, 2008

REGIONAL RURAL BANKS
SKS Microfin invests Rs 8 cr in IT initiative
Bangalore, Feb. 6 SKS Microfinance Pvt Ltd, which has 631 micro finance branches in India, said it invested about Rs 8 crore in information technology to cut cost and increase its operations.The company is looking to increase its ... More

LIFE INSURANCE
Kotak Life expands in South
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GENERAL INSURANCE
LIC launches Health Plus
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RBI & OTHER CENTRAL BANKS
IMF twin reports applaud India’s macroeconomic policies
New Delhi, Feb. 6 Ahead of the Union Budget 2008-09, the International Monetary Fund (IMF) has come out with two weighty assessments on the Indian economy for the Indian policymakers to take due note of, though India has not been under any ... More

PRIVATE BANKS
Karnataka Bank review meet
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PUBLIC SECTOR BANKS
Syndicate Bank opts for QIP route to raise capital
Drops follow-on public offer planned earlier More

SBT office in Dubai okayed
Thiruvananthapuram, Feb. 6 State Bank of Travancore (SBT) has received approval from the Central Bank of the United Arab Emirates to open a representative office in Dubai. SBT currently has a share of around 25 per cent of NRI deposits ... More

SBH branch at Marathahalli
State Bank of Hyderabad has inaugurated its 975th branch at Marathahalli. Mr Amitabh Guha, Managing Director, SBH, inaugurated the branch. SBH has 16 branches in Bangalore and 118 branches in Karnataka. Mr Guha said the bank has crossed a total ... More

FOREIGN BANKS
Glitnir Bank in pact with Bhilwara Energy
New Delhi, Feb. 6 Glitnir Bank, a Nordic bank, on Wednesday announced that it would take a 40 per cent stake in a joint venture with Bhilwara Energy Ltd to build geothermal power plants in India and Nepal. The Reykjavik-headquartered ... More

INTEREST RATES
Central Bank may reduce retail loan rates by 50 bps
Review of home loan rates ruled out More

GOVT BONDS
Bond prices gain 15 paise
Bond prices rose by around 15 paise tracking the rally in US yields. Total traded volumes on the order matching system were at Rs 10,165 crore (Rs 4,590 crore). Dealers said the prices opened higher tracking the US bond market where the yield on ... More

SHORT TERM INSTRUMENTS
Call rates steady
Call rates closed unchanged at 6.10-6.20 per cent on Wednesday, against the previous close of 6-6.10 per cent. In the one-day auction under Liquidity Adjustment Facility, the RBI received and accepted 13 reverse repo bids for Rs 19,010 crore. ... More

CREDIT CARDS & DEBIT CARDS
For frequent flyers
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MERGERS & ACQUISITIONS
Vijaya Bank eyes acquisition
Hyderabad, Feb. 6 The Bangalore-based Vijaya Bank is planning to acquire a bank in northern/western India to expand its reach, according to Mr Prakash P. Mallya, its Chairman and Managing Director. “We are definitely looking at ... More

INTERVIEW
ICICI Lombard does Rs 1,100 cr motor cover biz
Chennai, Feb. 6 Mr N. Eswaranatarajan, Head-Motor Insurance, ICICI Lombard General Insurance, is a cost accountant, and a management graduate from IIM, Bangalore. He takes care of underwriting and claims and has been with ICICI Lombard for the ... More

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Cross Currency Rates

People's car

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
Yushiro Chemical Industry plans new subsidiary in India

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Cooking gas crisis will ease soon: Deora

Spice in SPIcE movement

Bharti’s tower business draws more suitors

DRDO plans satellite-based coastal surveillance system

Looking back
Jan. 27-Feb. 2
Yields soften on purchases by insurance cos, MFs

Easy loans from Future Money add to Home Town’s topline

GE Money India seeks partners for personal loans, mortgage biz

GIC’s statutory business share to be reduced to 10%

Forex reserves up $3.4 billion