MONEY & BANKING
FARM CREDIT
`Farm credit outgo much below target in W. Bengal'
THE not-so-satisfactory flow of agriculture credit in West Bengal came up for a review at a special State-level bankers' committee (SLBC) meeting here recently. Mr Parkash Singh, CMD of United Bank of India, the convenor bank of SLBC, ...
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PRIVATE PLACEMENT
BoR raises Rs 70 cr via pvt placement
BANK of Rajasthan has raised Rs 70 crore through private placement issue of unsecured redeemable non-convertible subordinated bonds. The bank has an option to retain over subscription of Rs 25 crore on this issue, said a press release. The ...
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PENSION PLANS
Pension: Cabinet okays new regulatory framework proposal
THE Union Cabinet on Thursday approved a proposal to introduce a legislation to provide a regulatory framework for the new pension system. The establishment of the statutory Pension Fund Regulatory and Development Authority is to promote ...
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INSIGHT
From the left pocket to the right
R. Anand discusses a Tribunal decision on IDBI benefiting from its own scheme
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INFORMATION TECHNOLOGY
Workshop on cash management
CASHTECH Solutions India Pvt Ltd, a cash management solutions provider, in association with Administrative Staff College of India (ASCI), is organising a three-day residential workshop on cash management for senior executives from the banking ...
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RBI & OTHER CENTRAL BANKS
Debt revamp system for medium sector enterprises
THE Reserve Bank of India has released the report of the Special Group on debt restructuring for medium enterprises on the lines of Corporate Debt Restructuring (CDR) for comments. The group was constituted to formulate a mechanism and to ...
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PRIVATE BANKS
IFC to extend $22 m loan to Kotak Bank
THE International Finance Corporation has agreed to extend a loan of $22 million (around Rs 101 crore) to Kotak Mahindra Bank to help broaden the bank's funding base and support its operations. "IFC's loan will help us extend longer-term ...
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Kotak Bank to use Reuters' solution
KOTAK Mahindra Bank has signed an agreement with Reutersto take Reuters integrated front to back-office trade and risk management solution. The bank plans to use Reuters Kondor+ and Kondor Trade Processing solutions for growing its currency ...
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PUBLIC SECTOR BANKS
Syndicate Bank to finance tractors
MUMBAI: Syndicate Bank has entered into a tie-up with Mahindra & Mahindra for financing tractors. Under the tie-up the borrower will get specific benefits such as special discount in the price of tractor, more number of free services, ...
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NON-PERFORMING ASSETS
NPAs rising in retail loan segment
ACCRETION of non-performing assets (NPAs) is beginning to take place in the retail loan portfolios of banks, despite tight due diligence. High level banking sources said that most of the NPA build-up was in the sub-Rs 10 lakh bracket. This ...
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Cross Currency Rates
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