Financial Daily from THE HINDU group of publications
Tuesday, March 15, 2005
Financial Daily from THE HINDU group of publications Tuesday, March 15, 2005 |
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MONEY & BANKING FARM CREDIT Corp Kisan card MANGALORE: Mr Vinod Rai, Additional Secretary, Union Ministry of Finance, launched Corporation Bank's `Corp Kisan Card' facility for farmers at Yeshwanthapur-Malur in Kolar district on March 13. A press release said here on Monday that ... More INSIGHT 
The case for reverse mortgageOne of the chief worries of the elderly is that they will outlive their savings, and this is especially true of the Indian middle-class, often called asset-rich but income-poor. Reverse mortgage is a way to borrow against one's house to create a regu lar stream of retirement income while continuing to live in that house. Subasri Sitaraman explains how it works and recommends it as a useful, if unconventional, retirement tool. More
Managed services: A new trend in banking FOREX Rupee firm; gilts weak MUMBAI: The rupee closed at 43.56 on Monday per dollar, almost unchanged from its previous closing levels, in a lacklustre forex market. Dealers said, after opening at 43.55/56, the domestic currency got dealt up to an intra-day high of ... More
INFORMATION TECHNOLOGY SBH plans to install 30 more ATMs STATE Bank of Hyderabad (SBH) proposes to install 30 more automated teller machines (ATMs) during the current fiscal, according to its Chief General Manager, Mr P. Dinakara Rao. Inaugurating the bank's 300th ATM here, he said the bank plans to ... More LIFE INSURANCE SBI Life launches `keyman insurance' SBI Life Insurance Company, a joint venture between State Bank of India and Cardif SA of France, on Monday announced the launch of `Keyman Insurance'. The policy provides protection to key employees.The main objective of the plan is to protect ... More PUBLIC SECTOR BANKS BoB declares 18 pc interim MUMBAI: Bank of Baroda has declared an interim dividend of 18 per cent on its paid-up capital for 2004-05. The Centre holds 66.83 per cent stake in the bank. Mr Anil K. Khandelwal, CMD of the bank, presented a cheque of Rs 35.28 crore ... More
GOVT BONDS `On-tap' sale of State loans closed THE Reserve Bank of India has said that the `on-tap' sale of 7.20 per cent State development loan, 2017 in respect of both the States, viz., Maharashtra and Mizoram closed on Monday. The sale opened on Monday on behalf of these two States for an ... More CREDIT MARKET IOB advances cross Rs 4,300-crore mark INDIAN Overseas Bank's advances this year have crossed the Rs 4,300-crore mark, surpassing the bank's initial expectations. In May 2004, IOB had projected advances of Rs 3,000 crore for the year. In 2003-04, IOB's credit offtake was Rs 2,990 ... More CREDIT CARDS & DEBIT CARDS SBI unveils social card SBI Card on Monday launched a credit card, SBI Social Card, in partnership with four organisations devoted to social causes. This is the first affinity card in the country to feature four NGOs, said Mr Roopam Asthana, Chief Executive ... More MERGERS & ACQUISITIONS Revokes RRB merger THE board of directors of Corporation Bank, which had approved the merger of Chikmagalur Kodagu (CHIKO) Grameena Bank - a regional rural bank (RRB) sponsored by it - with the parent in a meeting on March 2, has revoked the merger proposal ... More TRENDS `Withdrawal tax may drive depositors to post offices' THE dwindling queues at the country's post offices could soon become longer, but this time around the rush could be at the counters offering banking services. A section of senior bankers are of the opinion that the Budget proposal to impose a ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Mar. 6-Mar. 12 Bank credit up by Rs 5,461 cr Chidambaram says no to withdrawal of service tax on forex payments Bankers not happy over diktat on farm credit Market stabilisation scheme may cost Centre Rs 3,000 cr this year Reality check on interest rates Insurers feel the heat of `fire' claims Insurance sector faces high rate of attrition Financiers upbeat on used car loans PSU insurers liquidate equity investments |
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