The Hindu Business Line : Tuesday, March 08, 2005

IDRBT to study ATM deployment, usage
THE Institute for Development and Research in Banking Technology (IDRBT) has undertaken a "special study of the ATM deployment and usage in India." The study will focus on the scale and size of ATM networks, geographic and demographic coverage, ... More

FOREX

`Forex reserves need not be used for infrastructure projects'
`At present there is ample liquidity in the system.' More

Rupee tad higher; securities dull
MUMBAI: The rupee on Monday closed against the dollar at 43.72, a shade higher than previous close of 43.74/75, on buying by State-run banks, dealers said. While trading in the morning session was dull, there was buying by state-run ... More

LIFE INSURANCE

Free insurance cover
VISAKHAPATNAM: More than 900 auto mechanics were imparted training and given free insurance cover (of Rs 1 lakh apiece) at the two-day Castrol 4T Mechanic Mahasammelan held here recently. A health camp was also conducted by the company ... More

GENERAL INSURANCE

Chola MS launches accident cover plan
CHOLAMANDALAM MS General Insurance Company (Chola MS) on Monday launched `Accident Protection Plan'. The policy offers a vast choice of sum insured starting from Rs 5 lakh to Rs 3 crore. "This is the only high value accident protection plan ... More

UI promotes industry-related policies
AFTER bringing down the number of ad agencies on its panel by one last year, the Chennai-based United India Insurance has brought out a campaign promoting its industry-related policies, as most renewals take place during this time. The public ... More

SMALL SAVINGS

Now, online investments for postal schemes
ICICIdirect.com, the online share trading platform belonging to the ICICI Bank group, has made online investments in postal saving schemes possible to its customers. Initially, two products — National Savings Certificate and Kisan Vikas ... More

FINANCIAL MARKETS

Market stabilisation scheme may cost Centre Rs 3,000 cr this year
During the current fiscal, an aggregate amount of Rs 1,12,000 crore has been "sucked out" from the market so far under MSS. More

PRIVATE BANKS

IndusInd Bank to double branches by next year
INDUSIND Bank expects to double its network by the end of next year. The bank plans to have 130 branches by month-end. Addressing a press conference here on Monday, Mr Suresh Pai, Executive Vice-President of IndusInd Bank, said that the reach ... More

PUBLIC SECTOR BANKS

PNB plans farmers training centre in TN
MADURAI: The Punjab National Bank plans to start a Farmers Training Centre in Tamil Nadu. The State Government has been approached for an allocation of nine acres to start the centre. Once it is made available, the bank would establish ... More

FOREIGN BANKS

Correction
The table accompanying the report titled "Migration of high net worth individuals to foreign banks" which appeared in these columns on Saturday (March 5) contained some inaccurate figures. The table with corrected figures is given ... More

GOVT BONDS

On-tap sale of State loans
MUMBAI: The Governments of Maharashtra and Mizoram will raise around Rs 400 crore through the `on tap' sale of the 7.20 per cent State Development Loan, 2017, which has a maturity of 12 years. The sale will be held at the RBI, Guwahati ... More

NON-PERFORMING ASSETS

Debt tribunal's lok adalat in Coimbatore
COIMBATORE: The mood was upbeat at the first lok adalat for Debts Recovery Tribunal (DRT), Coimbatore. Bankers were keen to settle the cases that had been pending for years amicably. The Debts Recovery Appellate Tribunal Chairperson, ... More

FIXED DEPOSITS

Karnataka Bank hikes NRE rates
MANGALORE: Karnataka Bank Ltd has hiked interest rates on its Non-Resident (External) rupee deposit scheme and Foreign Currency Non-Residents (Banks) scheme for pound, US dollar and euro deposits with effect from March 1, says a press ... More

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