MONEY & BANKING
FARM CREDIT
Chidambaram to make field visits to monitor farm credit flow
THE Finance Minister, Mr P. Chidambaram, has decided to make field visits for on-the-spot review of the progress in disbursement of agricultural credit soon after the presentation of the general budget. Attaching the highest priority to ...
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Farm credit viable only if given on time: Nabard chief
AGRICULTURAL credit is a viable proposition, provided timely credit is given to farmers, said Ms Ranjana Kumar, Chairperson, National Bank for Agriculture and Rural Development (Nabard). Delivering a lecture on `Visions that inspire people and ...
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FOREX
Forex reserves dip $525 million
FOREX reserves have plunged by $525 million to $119.407 billion for the week ended June 25, 2004. The drop is due to the fall in the foreign currency assets, which showed a negative growth of $530 million. Forex dealers said the RBI had sold ...
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INFORMATION TECHNOLOGY
Karur Vysya Bank earmarks Rs 60 cr for tech initiatives — Plans enhanced focus on retail operations
KARUR Vysya Bank (KVB) has earmarked funds to the tune of Rs 60 crore towards technological solutions across all its delivery channels. Disclosing this at a press conference here on Saturday, the KVB Chairman, Mr P.T. Kuppuswamy, said the bank ...
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STOCKS
Pvt banks' stocks may take a hit
STOCKS of several private sector banks are likely to open weak on Monday, brokers and analysts have said. The RBI draft guidelines on ownership of private sector banks are negative for most of the listed private sector banks, as promoters of ...
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GENERAL INSURANCE
Apollo Hospitals in talks with AEC, Gujarat Govt for medical insurance
APOLLO Hospitals is in talks with Ahmedabad Electricity Company (AEC) and the Gujarat Government to create a self-funded medical insurance scheme for electricity consumers and Amul's members, respectively. The hospital in Ahmedabad, Apollo ...
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RBI & OTHER CENTRAL BANKS
RBI releases handbook on State finances
THE Reserve Bank has released a new publication entitled Handbook of Statistics on the State Government Finances, providing detailed time-series data on the State-wise budgetary variables. This handbook is being released in three versions viz., ...
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PRIVATE BANKS
RBI draft norms on ownership — Promoters of some pvt banks may have to dilute stake
KOTAK Mahindra Bank, IndusInd Bank, HDFC Bank, Bank of Rajasthan, Bank of Punjab, Dhanalakshmi Bank, and the newly formed Yes Bank are among the private banks in which the promoters have to sacrifice their majority holding, if the RBI goes ahead ...
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RBI norms too restrictive: Bankers
RBI's new draft guidelines on ownership of private sector banks, has come under much criticism in banking circles. Perplexed bankers and analysts find the guidelines highly restrictive and far too impractical to ever be implemented. According ...
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City Union Bank to pay 60%
Cross Currency Rates
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