Financial Daily from THE HINDU group of publications
Tuesday, May 10, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 10, 2005 |
|
|
|
|
|
MONEY & BANKING FARM CREDIT Banks to take part in Krishi Mahotsav "The State Government's efforts to issue four lakh more kisan credit cards through different banks would improve the farmers' access to credit." More REGIONAL RURAL BANKS Capital adequacy norms for RRBs likely THE Reserve Bank of India may prescribe a minimum capital adequacy ratio for regional rural banks (RRBs). An internal committee of the RBI has suggested that a regulatory minimum capital adequacy ratio be made applicable to the RRBs. ... More INSIGHT 
Creditable initiatives from RBITHE Annual Credit and Monetary Policy statement for 2005-06 of the Governor of the Reserve Bank of India is innovative in many directions. For the first time the Policy, under `Prudential Measures', focuses on protection of depositor interest. ... More FOREX Rupee weakens; gilts range-bound MUMBAI: The rupee weakened against the dollar on Monday on reports of improved US employment data. The rupee ended trade on Monday at 43.4705/4825, lower than Friday's close of 43.4350/40. The rupee had opened at 43.51/52. The volumes ... More FINANCIAL PERFORMANCE 
Allahabad Bank mulls foray into insurance, realty fund — Annual profit Rs 542 cr; to pay 30 pc totalALLAHABAD Bank is mulling entry into insurance and realty fund businesses through its subsidiary AllBank Finance Ltd. According to the Chairman & Managing Director of the bank, Mr Onkar Nath Singh, the details of the insurance foray - - ... More
HOUSING FINANCE Housing: Plea to modify FEMA IN a bid to enable people of Indian origin (PIOs) and non-resident Indians (NRIs) to invest in mass housing and real estate development including plantation, the Associated Chambers of Commerce and Industry of India (Assocham) has sought ... More LIFE INSURANCE Bajaj Allianz's first premium income up by 380 pc BAJAJ Allianz Life has reported a first premium income of Rs 860 crore in the financial year 2004-05, up by 380 per cent from the earlier year's Rs 179 crore. The company issued 2,88,191 policies during the year and received close to 300 ... More HUMAN RESOURCES Insurers face paucity of trained manpower HOW many employees in private insurance companies have prior industry experience? Less than 10 per cent, if industry sources are to be believed. The influx of new companies has seen professionals with varied industry backgrounds - ... More PRIVATE BANKS 
Karur Vysya Bank in pact to be co-promoter in NCDEX armKARUR Vysya Bank Ltd (KVB) has been roped in as a co-promoter of National Collateral Management Services Ltd (NCMSL), a sister concern of the National Commodity and Derivates Exchange/ NCDEX. (KVB is also the clearing banker for NCDEX.) The ... More PUBLIC SECTOR BANKS Andhra Bank eyes Rs 56,000-cr biz ANDHRA Bank has set its eyes on achieving a business volume of Rs 56,000 crore for the current fiscal ending March 2006 with an increased focus on non-interest income. In a press release, the bank said its Business Plan Conference has resolved ... More FIXED DEPOSITS 
Karnataka Bank cuts FCNR (B) ratesMANGALORE: Karnataka Bank has reduced interest rates on FCNR (B) deposits with effect from May 3, says a bank release. |
