The Hindu Business Line : Friday, March 25, 2005

ICICI business catalyst facility
THIRUVANANTHAPURAM: ICICIdirect.com, the Internet portal for share broking, will launch the ICICI Direct Business Catalyst facility in the State here on April 4. Announcing this to newspersons here, Mr Joby Varghese, Regional ... More

FOREX

Rupee tad firmer; bonds buoyant
MUMBAI: The rupee ended at 43.75/7550 against the US dollar marginally recovering dufrom Wednesday's close of 43.77/78. A dealer at a private bank said that the rupee opened at an intra-day high of 43.82/83 as the dollar strengthened ... More

PRIVATE BANKS

IndusInd Bank to launch dollar remittance product
Addressing presspersons here on Thursday, the Executive Vice-President of the bank, Mr N. Suresh Pai, said that the bank will launch `Indus Remit' — an international remittance product, especially for dollar remittance — in Mumbai ... More

PUBLIC SECTOR BANKS

Cisco to scale up SBI's IP telephony network
TERMING India as amongst the fastest growing markets in Asia-Pacific, global networking major Cisco Systems has said it would scale up IP telephony connectivity for State Bank of India (SBI) to 10,000 branches in six months, from the existing ... More

FIXED DEPOSITS

Big ticket deposits: Private banks doing better
BY the year 2000, private banks had managed to capture18% of all institutional deposits with the banking system. Rs 36,000 crore out of a total of Rs 2,04,000 crore — even though they had (and have) a relatively small network of branchesand ... More

MERGERS & ACQUISITIONS

Mergers will create jobs: Chidambaram
THE Finance Minister, Mr P. Chidambaram, on Thursday urged bank employees to shun their fears over mergers and said consolidation among banks would create more jobs. "The fear of job loss is not justified. On the contrary, jobs will be ... More

TRADE & LABOUR UNIONS

Nabard employees strike work to stall dilution of DFI status
EMPLOYEES striking work in order to haggle for better compensation is common. But a strike to stress the importance of the social character of an institution and the need to play angel to the rural poor? The entire staff of Nabard went on a ... More

Second day of Nabard strike
THIRUVANANTHAPURAM: Offices of the National Bank for Agriculture and Rural Development (Nabard) across the country remained closed for the second consecutive day on Thursday following a two-day nationwide employee strike. According to ... More

CO-OPERATIVES

Time to compress rural credit delivery system
THE Parliamentary Consultative Committee attached to the Finance Ministry has endorsed the Vaidyanathan Committee report (Task Force) on revamping the rural co-operative credit system and the Union Finance Minister, Mr P. Chidambaram, plans to ... More

Raghuvanshi Co-op Bank depositors allowed to claim up to Rs 1 lakh
THE Reserve Bank of India has said that depositors of Raghuvanshi Co-operative Bank may claim up to Rs 1 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC), in the wake of the bank's licence being cancelled on account of it ... More

VENTURE CAPITAL

Banks gung-ho on property funds
`'The rate at which credit demand is growing, at least for now some banks may not want to park their funds in these investments.' More

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