The Hindu Business Line : Friday, August 15, 2003

Rural self-help groups be better left alone
THE SHG-banking venture to reach credit to the poorest, especially women in the rural areas, has mopped up some goodwill. About 7.17 lakh SHGs have been credit-linked and as of March 31, 2003, total disbursement is put at around Rs 2,048.70 ... More

COURTS/LEGAL ISSUES

Keshab Bangur's bail plea rejected
A DIVISON Bench of the Calcutta High Court comprising of Mr Justice N.A. Choudhury and Mr Justice A. Barua today rejected the bail petition of Mr Keshab Bangur, erstwhile Director of Bank of Rajasthan. Earlier, Mr Bangur tried for bail in the ... More

FOREX

Rupee flat; gilts down
MUMBAI: The rupee was trading flat at 45.91 to the dollar in the currency markets on Thursday as state-run banks continued to mop dollars at the current levels. Gains in the rupee were capped by state-run banks, said a dealer with a ... More

LIFE INSURANCE

LIC arm to begin operations in Oman
LIC (International) E.C., LIC of India's offshore subsidiary, will soon start operations in the Sultanate of Oman. An agreement was signed in Mumbai on August 13, appointing Gulf Insurance Agencies Co LLC, Muscat, as the Chief Agent for ... More

GENERAL INSURANCE

GIC curbs support for MF risk products
The product is similar to what is offered worldwide by Chubb, which specialises in providing financial risk covers in the international markets. More

RBI & OTHER CENTRAL BANKS

ADB identifies 3 sectors for cleaner production funding
THREE industrial sectors have been picked as candidates for cluster-funding by the Asian Development Bank (ADB) to adopt cleaner production techniques in the State. The Karnataka Cleaner Production Centre (KCPC), under the Industries ... More

PUBLIC SECTOR BANKS

BoB gearing up for insurance foray
BOB Mutual Fund has launched two open-ended equity related schemes, `BOB Balance Fund' and `BOB Growth Fund'. The initial public offer for the two schemes opened on Thursday and closes on September 3. At present, BOB's Mutual Fund corpus is ... More

Allahabad Bank launches new deposit scheme
ALLAHABAD Bank has begun to offer its depositors the option of picking a term assurance policy at a cost lower than the market rate. The deposit-insurance scheme, Al-Ayushman Bima Yojana, is offered in association with Life Insurance Corporation ... More

FINANCIAL INSTITUTIONS

Plea for SIDBI branches in all AP districts
THE Federation of Andhra Pradesh Industries (FAPI) on Wednesday asked the Centre to set up branches of SIDBI (Small Industries Development Bank of India) at all the District Industries Centres and let it extend financial assistance to the small ... More

GOVT BONDS

G-secs buyback: PSBs suggest new pricing formula
PUBLIC sector banks have switched tack. They have now begun demanding modifications in the pricing formula for the next round of the Government's high-coupon securities buyback programme. Top bankers said, "If the Government is not prepared to ... More

RBI on-tap bond sale

SECURITISATION

`Scope to develop securitisation market'
THERE is considerable scope for the development of market for securitisation in India. This is evident from a number of factors, including the spread of infrastructure and the growth projections worked out by the Government with regard to ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line