The Hindu Business Line : Tuesday, May 30, 2006

FARM CREDIT
`Crop loan rate to be 7 pc'
Short-term crop loan interest rates would be slashed to seven per cent, according to the Union Finance Minister, Mr P. Chidambaram. Speaking at a function near Karaikudi, he announced that the official order to all banks would be ... More

FINANCIAL SERVICES
Citicorp Finance posts lower profit
Citicorp Finance has reported a lower net profit of Rs 2.76 crore for the nine months period ended December 31, 2005 compared to Rs 37 crore for the corresponding period in the previous year. Stiff competition, low yields, relatively high ... More

REGIONAL RURAL BANKS
Plea for single RRB entity
The All India Regional Rural Bank Employees Association has demanded converting regional rural banks (RRBs) across the country into one seamless organisation of national stature exclusively for rural credit so as to fully tap upon the core ... More

FOREX
Rupee breaches 46 mark
Sustained demand for dollars, particularly from oil companies, and large FII outflows pushed the rupee below 46 level against the greenback on Monday. The last time the rupee fell below the 46 level was in December 2005, said ... More

INSURANCE
Seminar on rural insurance
A seminar on `Issues, challenges & opportunities faced by insurance companies in rural India' is being organised by the Rural Marketing Agencies Association of India in association with the Public Relations Council of India in .. More

SOFTWARE
i-flex sets up Castek competency centre
i-flex Solutions Ltd has set up a Castek competency centre in Bangalore to provide IT solutions to the global property and casualty insurance industry. i-flex had forayed into the insurance space by picking up around 73 per cent stake in ... More

GENERAL INSURANCE
`Reinsurance market growing consistently'
The industry has done well despite setback More

PRIVATE BANKS
South Indian Bank expands network
With the opening of new branches in four more states, South Indian Bank will have a network of 475 branches in the country, Dr V.A. Joseph, Chairman and CEO, said. The corporate business of the bank is also expected to cross Rs ... More

GOVT BONDS
Bond prices down 22 paise
The bond market was weak with prices falling by 20-22 paise on Monday, as there was no fresh buying. Dealers cited fears of a likely fuel price hike, liquidity concerns due to the impending advance tax outflow, and auction ... More

CREDIT MARKET
CIBIL launches commercial bureau
Database to have credit history of borrowers More

SHORT TERM INSTRUMENTS
Call rates steady
Call rates were steady at 5.5-5.6 per cent (5.5-5.6 per cent). In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 25 bids amounting to Rs 33,455 crore and in the second auction, ... More

CONSUMERISM
Beef up grievance redressal, banks told
`Ombudsman offices getting more complaints' More