The Hindu Business Line : Monday, June 20, 2005

Ceding commissions shrink for private non-life insurers
Most of the private sector insurers were being forced to forego the ceding commission to protect their solvency margins. More

DEBT MARKET

Securities may see range-bound movement
BONDS went into a tailspin last week prompted by large-scale profit booking by some banks and surge in credit offtake. Bankers said that the presence of oil companies in the foreign exchange markets also pushed up the yields. Oil companies were ... More

RBI & OTHER CENTRAL BANKS

World Bank report lays emphasis on reforms to revitalise agriculture in TN
THREE factors that have a telling impact on policy makers' efforts in the State to revitalise agriculture are: water scarcity, large share of water-intensive crops, rice and sugar, in irrigated lands and the dominance of small and marginal ... More

Recipe to boost investment climate in TN
THE World Bank has suggested that the Tamil Nadu Government could explore ways to rationalise the numerous laws governing labour and statutory compliance requirements, "within the constraint of national legislation," as a reform measure to ... More

PRIVATE BANKS

Karnataka Bank targets Rs 4,600-crore forex biz
KARNATAKA Bank is aiming at a forex business of Rs 4,600 crore for 2005-06, according to its Chairman and Chief Executive Officer, Mr Ananthakrishna. He said that there was a need for expanding forex credit and focus should be on increasing NRE ... More

SIB signs pact with Bahrain Financing
THE South Indian Bank Ltd has tied up with with Bahrain Financing Company.As per the arrangement, rupee drafts could be drawn on 150 designated South Indian Bank branches from the Bahrain-based exchange house. This is in addition to the ... More

PUBLIC SECTOR BANKS

Indian Bank to defer IPO
INDIAN Bank is unlikely to come out with its initial public offer in September, as was announced recently. "The present capital structure does not permit the bank to go to the market," the bank's new Chairman and Managing Director, Dr K.C. ... More

Corporation Bank ED
MANGALORE: Mr K.L. Gopalakrishna assumed charge on Saturday as Executive Director of Corporation Bank. Prior to this appointment, he was the General Manager in charge of human resources management division of Union Bank of ... More

GOVT BONDS

It's still a toss-up on rate market trends
This year, we saw rates move up initially. The benchmark 10-year govy rate moved up to the last year's highs only to come off sharply. More

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