The Hindu Business Line : Thursday, November 24, 2005

BoB campaign on tractor advances
COIMBATORE: Bank of Baroda has launched a special campaign on tractor and minor irrigation facility advances. The three-month long campaign commenced on November 1. During the campaign, there are special concessions such as waiver of ... More

FOREX

Rupee rebounds; bond prices rise
MUMBAI: The rupee gained against the greenback on Wednesday on hopes that investments into emerging markets would continue as the US interest rates are not expected to rise much. Good dollar supply also fuelled the upward momentum, said ... More

LIFE INSURANCE

Insurers anxious over regulator's move on ULIPs
HOW does one define `long-term'? Insurance companies are now debating this as it would be crucial for one of their popular products — Unit Linked Insurance Plans — which is being modified by the Insurance Regulatory and Development ... More

LIC to come out with combo policy soon
LIFE Insurance Corporation (LIC) of India would be coming out with a combo policy that would have multiple benefits of whole-life, money-back, endowment and maturity repayment, Mr A.K. Shukla, Chairman, LIC, said on Wednesday. Speaking on the ... More

FOREIGN DIRECT INVESTMENT

IRDA favours FDI at 49 pc
THE Chairman of the Insurance and Regulatory Development Authority (IRDA), Mr C.S. Rao, has said that the authority favoured hiking foreign direct investment limits in the insurance sector from 26 per cent to 49 per cent. He also said that the ... More

PRIVATE BANKS

IndusInd to leverage ALF network to grow
FOR IndusInd Bank, the time for reaping the benefits of the merger of Ashok Leyland Finance (ALF) with itself may be beginning now. The bank is readying itself to capitalise on one of the key aspects of the merger — the vast network of ... More

PUBLIC SECTOR BANKS

Surprisingly diffident
Why is it so surprising that SBI has all these achievements under its hat? More

Vijaya Bank to unveil CBS facility
MANGALORE: The Mangalore Regional office of Vijaya Bank is planning to introduce core banking solution (CBS) at all branches in Mangalore city during the current financial year. A bank release said here that the Dharmasthala and Ujire ... More

FOREIGN BANKS

ABN-Amro shortlists micro-credit bodies for excellence awards
ABN Amro Bank and PlaNet Finance India have shortlisted 54 micro-finance institutions (MFIs) to move to the final phase of the prestigious Micro-finance Process Excellence Awards 2006. In a press release here on Wednesday, they said these 54 ... More

NON-PERFORMING ASSETS

MatexNet plans joint venture to tap NPAs of banks
THE Bangalore-based B2B portal, MatexNet plans to enter into a joint venture with a $2-billion fund to offer NPA (non-performing assets) resolution services to banks. "We will enable banks to get a good value for their stressed assets and ... More

SHORT TERM INSTRUMENTS

T-Bills auction fully subscribed
THE auctions of the 91-day and the 364-day treasury bills on Wednesday were fully subscribed. The notified amount for the 91-day treasury bill was Rs 500 crore. The Reserve Bank of India received 47 competitive bids, amounting to Rs 2,228.9 ... More

CREDIT CARDS & DEBIT CARDS

Intrex partners Dept of Posts for Itz Cards
INTREX India Ltd has tied up with India Posts for distribution of Itz Cash Cards. Itz Cash Card is a multi-utility pre-paid card and is a safe and convenient mode of making online payments. The Principal Chief Postmaster General, AP Circle, Mr ... More

MERGERS & ACQUISITIONS

Bank of India on consolidation course
BANK of India has decided on a course of consolidation and keeps its options open for expansion both in the domestic and overseas markets, according to its Chairman and Managing Director, Mr M. Balachandran. The bank has already initiated the ... More

Decision on IFCI merger put off to next fiscal; closure ruled out
"The progress of IFCI has been on track. Recoveries have been good and the picture might be better at the end of the fiscal." More