Financial Daily from THE HINDU group of publications
Saturday, May 07, 2005
Financial Daily from THE HINDU group of publications Saturday, May 07, 2005 |
|
|
|
|
|
MONEY & BANKING FINANCIAL SERVICES Institute of Surveyors & Loss Assessors KOLKATA: The Insurance Regulatory and Development Authority (has set up the Institute of Surveyors and Loss Assessors. The articles of association of the organisation are now being finalised. Mr Mathew Verghese, Member, Non-Life, IRDA, ... More REGIONAL RURAL BANKS Malaprabha Grameen Bank farm credit disbursal doubles in 2004-05 THE Dharwad-based Malaprabha Grameen Bank — which has 243 branches in Dharwad, Haveri, Gadag and Belgaum districts — registered a growth of 99.55 per cent in its agriculture credit portfolio during 2004-05. Syndicate Bank sponsors this ... More INSIGHT Not the time to dilute priority sector lending Over the last two years, the banking system has defaulted on the 18 per cent norm and some bankers quote the Narasimham Committee report pleading for pruning the 40 per cent norm. The argument goes New Delhi and the State governments have to create t he conditions to make farming a viable activity with banks acting as facilitators. More FOREX Rupee declines; bond prices up MUMBAI: The rupee marginally weakened on Friday on account of dollar buying and the inflation data showing an upward trend. The domestic currency opened at 43.4250/4350 against the dollar, moved down to 43.4750 and ended the day at ... More INFORMATION TECHNOLOGY SBI proposes to set up more ATMs at Madurai THE Madurai Module of SBI plans to give thrust to an increase in the number of ATMs along with the issue of more credit cards and services through ATMs during 2005-06. It also plans to aggressively pursue the `School Plus' scheme, under which ... More STOCKS IGF seeks probe into alleged price rigging in 3 banks THE Investors' Grievances Forum (IGF) has demanded an inquiry by the Securities and Exchange Board of India (SEBI) into alleged price rigging in the shares of public sector banks ahead of their public issue this year. The inquiry demanded by ... More HOUSING FINANCE Dewan Housing scouting for home loan portfolio buys The company plans to float a $75-100 million real estate venture capital fund for which it has sought the SEBI approval. More LIFE INSURANCE AMP Sanmar to set up more branches in AP AMP Sanmar Life Insurance Company is planning to set up seven more branches in Andhra Pradesh during this year, according to Mr Graham Meyer, its Managing Director. He said at a press meet here on Friday, after inaugurating the second branch ... More GENERAL INSURANCE Regulator for staggered detariffing SELF-REGULATION will soon serve as the cornerstone of IRDA's general insurance council if a proposal mooted by the council's executive committee is carried forward. The move, which will help the insurance sector move towards a de-tariffed ... More
ONGC renews offshore package insurance at reduced premium FINANCIAL POLICY RBI plans to amend norms to widen corporate debt recast scope THE Reserve Bank of India proposes to widen the scope of Corporate Debt Restructuring (CDR) and make it more efficient. Under the changes proposed today by the RBI to the existing guidelines, the CDR scheme will be extended to corporates on ... More RBI & OTHER CENTRAL BANKS Working group on credit for J&K THE Governor of Reserve Bank of India, Dr Y.V. Reddy, at a meeting with the Chief Minister of Jammu and Kashmir, Mr Mufti Muhammed Sayeed, proposed to set up a working group on credit for Jammu and Kashmir.This proposal from the Governor came ... More NON-PERFORMING ASSETS Reviving sick SSIs: Empower bank boards, says RBI panel BANK boards should be given the freedom to lay down their own guidelines with regard to parameters for relief to sick small scale and medium enterprises. This was one of the recommendations laid down by the internal group to review guidelines ... More FIXED DEPOSITS 
More banks lower FCNR deposit ratesMUMBAI: Union Bank of India and HDFC Bank have announced a downward revision of interest rates on NRE term deposits and FCNR deposits, with immediate effect. HEFC Bank had last revised the interest rates on its NRE deposits on April 8. ... More CO-OPERATIVES Co-op banks can do insurance biz on referral basis THE Reserve Bank of India has allowed all State and district co-operative banks to undertake insurance business on a referral basis, without any risk participation through their network of branches. The banks need not obtain prior approval of ... More ECONOMIC OFFENCES LS passes Bill to amend money laundering Act THE Lok Sabha on Friday passed a Bill that sought to make amendments to the Prevention of Money Laundering Act 2002. The law is being amended to ensure effective implementation of the legislation and also for removing certain shortcomings. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Apr. 24-Apr. 30 RBI moots self-regulatory body for card issuing banks `Average earner is risk averse' Rates might take a breather for now Time to promote intra-Asian capital flows `At least one big ticket bank merger likely this year' Reverse repo rate hike — PDs nervous, seek safety net 'No velvet glove to big defaulters' Keyman cover can be sold as term policy only |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home | Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |