Banks to raise lending rates this week
Mumbai: State Bank of India (SBI), ICICI Bank, HDFC Bank, UTI Bank, IDBI Bank and Standard Chartered Bank are among the banks that propose to hike their deposit and lending rates on retail products rates by 25-50 basis points this week.

While HDFC Bank is likely to increase its short-term deposit rates by 25-50 basis points, the State Bank of India has also indicated that short-term deposit and lending rates were likely to go up but the bank's prime lending rate would remain unchanged for now.

IDBI Bank too has similarly indicated that the bank was closely monitoring short-term interest rate movements in the market and that it was mulling over a 25-50 basis point hike in lending and deposits rates.

The decision by a slew of banks to hike interest rates stems from the Reserve Bank of India's move to hike the repo rate by 25 basis points and the increase in the risk weight on home loans and other personal loan products.
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CII to launch `India Finance Forum' this week
Chennai: The Confederation of Indian Industry (CII) will hold a conference on `Emerging Global Trends in Corporate Finance' this week and is branding the event as `The India Finance Forum (TIFF) 2004.'

The conference will discuss five topics - governance-driven corporate finance, accessing equity markets, emerging trends in debt financing, mergers and acquisitions and risk managements.

Eighteen experts will address the participants. Some of them are Prof. Bala Balachandran from the Kellogg School of Management, US, P. K. Choudhary, Managing Director, ICRA, S. Naganath from DSP Merrill Lynch Fund Managers, Shanthi Ekambaram, Director, Kotak Mahindra Bank, Ravi Ramu from Mphasis and R. Seshasayee, Managing Director, Ashok Leyland.

According to CII, over 200 companies had agreed to send delegates to the conference.
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