ARC likely to commence operations in two months 
New Delhi: The Asset Reconstruction Company of India Ltd, promoted by SBI, ICICI Bank, IDBI and other banks, is likely to start operations in one or two months following presidential assent to the securitisation ordinance. 
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IBS Forex Gears Up To Offer Forward Trades 
Mumbai: After the successful launch of the foreign exchange trading platform in June, IBS Forex Pvt Ltd is now preparing to introduce the countrys first forward dollar matching and trading platform by end-September. 
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DCA awaiting RoC report on Tata Finance issue
New Delhi: The Department of Company Affairs (DCA) on Friday said any further action on the Tata Finance Ltd (TFL) matter would be taken only after receiving the Registrar of Companies (RoC), Mumbai's report. 
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Canara Bank cuts home loan rates
Bangalore: Canara Bank yesterday announced revision in its housing loan rates again up to half a percentage point effective August 26. 
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Set the grown-ups on their own
Mumbai: The board of SBI Home Finance, which is not a subsidiary of SBI, is meeting in Kolkata shortly to finalise accounts and going by market talk it may not be pretty. 
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PNB Housing, United India sign MoU
New Delhi: PNB Housing Finance Ltd (PNBHF) and United India Insurance Co Ltd (UIIC) have signed a memorandum of understanding (MoU) for coverage of a combined fire insurance policy and personal accident policy for complete, effective and adequate services under the name `Unihome Carepolicy'
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Immediate credit limit on cheques up at Rs 15,000
Mumbai: The Reserve Bank of India has told banks to enhance the ceiling on immediate credit of outstation or local cheques, to Rs 15,000 from Rs 7,500, following recommendations from the Indian Banks' Association. 
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KSFC to set up panel to study film financing
Bangalore: One of the suggestions before KSFC was to evaluate the film script as a means to assess the potential to advance loans. 
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ICICI Bank arms' net down at Rs 1.87 cr
Mumbai: Huge losses suffered by insurance arms and a sharp drop in the profits of other individual ventures have almost wiped out the surpluses of ICICI Bank's subsidiaries during the past fiscal year. 
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Indians turn to real estate, gold
Mumbai: Indian households are parking less and less money in deposits, shares, bonds and other forms of financial assets, with its share in total household savings touching a five-year low of 61.77 per cent. 
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SEBI panel wants companies to reveal fund flow into arms
Mumbai: The Accounting Standards Committee of the Securities and Exchange Board of India has suggested that companies must disclose in their annual accounts details of amounts of loans given to and investment made into their subsidiaries. 
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