The Hindu Business Line : Tuesday, August 01, 2006

OVERSEAS BORROWINGS
UTI Bank to raise Rs 420 crore
UTI Bank is planning to raise Rs 420 crore as hybrid tier-I capital and Rs 1,352 crore as upper tier-II capital, under its Medium Term Note programme, said the bank in a notice issued to BSE. Of the hybrid Tier-I capital, Rs ... More

FOREX
Rupee strong against dollar
The rupee traded strong against the dollar on account of a weak dollar overseas. The home currency opened at Rs 46.55 and touched an intra-day high of Rs 46.45 to finally close at Rs 46.55/56. On Friday, the rupee ended at Rs ... More

FINANCIAL PERFORMANCE
PNB to raise Rs 2,100-cr additional capital
Marginal rise in Q1 net, to pay 60% final More

Srei Infrastructure PAT up 37 pc
Srei Infrastructure Finance Ltd (Srei) recorded a 37 per cent increase in profit after tax at Rs 15.02 crore for the quarter ended June 30, against Rs 10.94 crore in the corresponding quarter of 2004-05. The PBT for the period under review ... More

ICICI Pru Life new biz premium zooms in Q1
ICICI Prudential Life Insurance has posted a growth of 152 per cent in its Q1 new business weighted premium to touch Rs 812 crore as on June 30. Of this, Rs 690 crore came from retail business premium, a growth of 155 per cent over the same ... More

DEBT MARKET
StanChart to undertake PD biz
Standard Chartered Bank has been authorised to undertake primary dealer business in government securities with effect from August 1, according to an RBI press release. Consequently, the authorisation given to Standard ... More

HUMAN RESOURCES
Issue directives to banks on campus recruitments: NCBE
SBI's action to go to only to select campuses in the State More

RBI & OTHER CENTRAL BANKS
Panel on rupee convertibility submits report
The Committee on Fuller Capital Account Convertibility has submitted its report to the Reserve Bank of India on Monday. The RBI said it would place the report in the public domain "in due course." The RBI had set up the committee following ... More

PRIVATE BANKS
ICICI Bank: On non-interest income
ICICI Bank has been attracting heavy trading volumes of late; its price has also witnessed a sharp surge. According to analysts tracking the banking industry, the counter has been active on account of its good financial performance due to strong ... More

INTEREST RATES
Banks being pushed for higher yields on bonds
Life insurance companies putting pressure, say bankers More

GOVT BONDS
RBI to auction Rs 9,000-cr G-Secs
The Reserve Bank of India has announced the auction of two government securities for Rs 9,000 crore on August 8 using multiple price method. The two G-Sec papers are 9.39 per cent 5-year 2011 paper for Rs 6,000 crore and the 7.59 ... More

Bond market bearish ahead of auction
Sentiment in the bond market was bearish and prices moved in a range of 20 paise ahead of the auction of government securities paper. Prices opened higher due to US yields touching less than 5 per cent. But this was followed by a ... More

SHORT TERM INSTRUMENTS
Call rates unchanged
Call rates were unchanged between 6.00 and 6.10 per cent. In the first three-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 20 bids amounting to Rs 23,285 crore and in the second three-day ... More

CREDIT CARDS & DEBIT CARDS
Visa's sponsorship of ICC tourneys
Visa International has appointed former cricketer Mr Navjot Singh Sidhu to promote its sponsorship of the upcoming ICC cricket tournaments. Mr Sidhu would be a part of the marketing activities of the company. One of the early promotional ... More

FIXED DEPOSITS
Tax breaks on bank deposits a welcome move
The tax breaks offered on bank term deposits of 5 years and above would be greatly welcomed by banks. About 15 per cent of the deposits in the banking system currently are in the above 5-year category. Banks have been increasing their interest ... More