MONEY & BANKING
FARM CREDIT
Chidambaram visit catches bank staff off guard
THE Union Finance Minister, Mr P. Chidambaram's visit to select rural bank branches and Primary Agricultural Cooperative Societies in the Madurai, Coimbatore and Erode districts was no surprise tour, but prepared as they (bankers) were with facts ...
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INSIGHT
Fiscal deficit set to go higher
THE table on public finance gives a brief insight into the fiscal thrust that the new Government is trying to give to the economy to push it into a further expansionary path. For the convenience of comparison, I have kept the impact of debt ...
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GENERAL INSURANCE
Entire motor spectrum to be detariffed
MOTOR insurance premiums are likely to be completely detariffed by the next fiscal in line with the demands made by public and private sector general insurers. Sources said the initial proposals were to detariff only a small component of motor ...
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Health insurance for AP journalists
HYDERABAD: The Andhra Pradesh Government has issued an order for the Group Medi-Claim policy of Rs 1 lakh under the Health Insurance Scheme for the working journalists including photographers and representatives of electronic media. ...
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DEBT MARKET
Bonds' outlook weak
BONDS went into a tailspin as financial markets were worried about inflation and a potential escalation in Government borrowing requirements for the current fiscal. Traders said that what also helped drive up yields were the shrinking foreign ...
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PRIVATE BANKS
IndusInd Bank offer to GTB customers
INDUSIND Bank has offered personal loans for the salary account holders at Global Trust Bank (GTB). The scheme will provide temporary liquidity to many salary account holders who are in such need and who at the same time are willing to move ...
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GTB board meet
PUBLIC SECTOR BANKS
Canara Bank gesture to Shri Satya Sai Orphanage Trust
THIRUVANANTHAPURAM: As part of the social banking projects, the Kerala Circle of Canara Bank is donating an ambulance vehicle to the Shri Satya Sai Orphanage Trust at Vattiyoorkavu near here. Uthradam Thirunal Marthanda Varma of the ...
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CREDIT MARKET
`PSU banks must offer more educational loans'
THE public sector commercial banks should offer more educational loans, observed the Union Finance Minister, Mr P. Chidambaram, at the conclusion of his visit to the rural bank branches in the district.He also said the condition of primary ...
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MERGERS & ACQUISITIONS
GTB investors chalk out plan to protect interests
WITH barely six days left for the deadline of submitting objections and suggestions on the RBI drafted scheme for the merger of Global Trust Bank (GTB) with Oriental Bank of Commerce (OBC), the retail shareholders of GTB have started preparing ...
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Cross Currency Rates
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