Financial Daily from THE HINDU group of publications
Saturday, May 20, 2006
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Financial Daily from THE HINDU group of publications Saturday, May 20, 2006 |
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MONEY & BANKING FARM CREDIT Agri loans: SBI for central processing State Bank of India (SBI) has decided to introduce centralised processing of agriculture loans after making similar arrangements for personal and commercial loans. A first such centre in Uttar Pradesh has been launched at Budaun ... More FOREX Forex reserves up by $1.3 b The country's foreign exchange kitty has seen an accretion of $1.342 billion due to dollar mop-up by the central bank and the appreciation of major currencies against the greenback. The forex reserves have touched $163.755 ... More INFORMATION TECHNOLOGY 
NCR Corp woos banks with intelligent transaction systemThe new offering of cash acceptor and cheque processor technology offered by NCR Corporation is expected to be adopted by banks soon. The real-time intelligent transaction system that would extend bank customers using ATM instant crediting ... More FINANCIAL PERFORMANCE 
SBI net rises marginally in 2005-06 at Rs 4,407 crTo pay 140 pc dividend despite marginal growth More
Centurion Bank of Punjab Q4 net rises 12 pc GENERAL INSURANCE Pvt players pitch for AI insurance contract Private sector insurance companies are making another attempt to bag the insurance contract for the 50 aircraft fleet of Air India. Official sources told Business Line that the airline had received four technical bids including three ... More PUBLIC SECTOR BANKS 
Public sector banks' performance lacks lustreA poor performance from State Bank of India and Punjab National Bank, the top two banks in the public sector domain, has dragged down the overall performance numbers for the sector. Both these banks registered a mere 2 per cent growth in ... More
Canara Bank to open more branches in Kerala
SBI proposes to unlock holdings in 7 subsidiaries CORPORATE BONDS Citibank, Barclays invest in IOB bonds Citibank and Barclays have invested in the second tranche of perpetual bonds of Indian Overseas Bank. The two institutions invested Rs 50 crore and Rs 20 crore, respectively. But the dominant investor was again Darashaw & Co of Mumbai, which put More FIXED DEPOSITS SBM hikes deposit rates State Bank of Mysore has effected a hike in deposit rates across all maturities effective from May 22, this year. A Bank release said here that the short-term time deposit rates up to one year were hiked by 25 basis points. ... More REGULATORY BODIES & RULINGS Insurers allowed to invest in hybrid instruments of banks IRDA has decided to deem these instruments as a part of `approved investments'. More PEOPLE 
New ED for Bank of IndiaThe Government of India, in consultation with the Reserve Bank of India, has appointed Mr K. Ramchandra Kamath, General Manager of Corporation Bank, as Executive Director of Bank of India for a period of five years. Mr Kamath ... More Cross Currency Rates Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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In Depth Bihar Diary Orissa Diary Gender Justice Simple Economics Tax Talk
Looking back May. 7-May. 13 High oil prices, MSS resumption lead to hardening of yields PSU insurers' market share drops to 73% IRDA for 20 pc cap on motor premium changes Forex reserves rise by $1.71 b Banks continue to be wary of some State loans |
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