Financial Daily from THE HINDU group of publications
Monday, February 28, 2005
Financial Daily from THE HINDU group of publications Monday, February 28, 2005 |
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MONEY & BANKING INSIGHT Needed, a fair deal for NBFCs The time has come for the RBI to make peace with NBFCs as a class. They are proven instruments of efficient and customer-friendly outreach in the credit space, not only for consumer durables, but also housing and transport, besides infrastructure. Th e regulators' role being not only to regulate but to spur economic growth, it is hoped that the NBFCs will be nurtured, not restricted, and that they will be allowed to continue to accept public deposits. More INFORMATION TECHNOLOGY SBT to be fully networked soon THE core banking solution (CBS) network of the State Bank of Travancore (SBT) covering all branches is targeted to be in place within the next one year. As of now, 78 branches have been brought under the CBS network and the number is slated to ... More AGRICULTURAL INSTITUTIONS Why not Nabard be bank for agriculture? There is SIDBI for small-scale sector, commercial banks for industry, Exim Bank for the exporting community and some financial junk for agriculture. More DEBT MARKET 
Pre-Budget sentiment bullish on bondsBONDS remained steady as traders preferred to wait for the Budget before taking a view on the direction of interest rates. Traders said that the positive outlook for inflation and the absence of Government borrowings for the remaining part of ... More PUBLIC SECTOR BANKS Bank officers' union flays PSB autonomy package THE All-India Bank Officers' Confederation (AIBOC) has termed the autonomy package for public sector banks (PSBs) as a cover to facilitate mergers and takeovers of PSBs. A press release by the AIBOC Joint-General Secretary, Mr T.R. Bhat, said ... More
FINANCIAL INSTITUTIONS NSFDC concern over low recovery rate in AP HYDERABAD: The National Scheduled Castes Finance and Development Corporation (NSFDC) has expressed concern over the poor recovery rate in the State. While the national average was at 70 per cent, Andhra Pradesh recorded 46 per cent, Dr ... More INTEREST RATES Interest rate signals unlikely in Budget Today one would know if the dream team has delivered. From an interest rate perspective, the Budget should, however, be a non-event. There should be no interest rate signals coming out of it. The Finance Minister is unlikely to tinker with the ... More FIXED DEPOSITS AMP Sanmar cover for TMB deposit scheme AMP Sanmar Life Insurance Co Ltd and Tamilnad Mercantile Bank have tied up to launch a scheme that bundles a life insurance cover with a recurring deposit scheme that the bank will launch. Officials of AMP Sanmar and the bank signed an ... More
NRI body wants proposal to tax interest on NRE, FCNR deposits withdrawn Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Feb. 20-Feb. 26 Bonds firm on liquidity, inflows to bank deposits MDRT membership: Many qualify, but few register Banks earning more from non-banking activities? `Autonomy move pleasant surprise' Eligibility limit for special discount raised to Rs 15 cr — IRDA revises norms on broking commissions Banks can meet Basel II capital adequacy norms, says Crisil |
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