The Hindu Business Line : Wednesday, June 07, 2006

FARM CREDIT
SBH support to poultry farmers
Aimed at obtaining a detailed feedback on the present condition of the poultry industry and seeking suggestions to support it, the State Bank of Hyderabad convened a meeting with poultry farm owners banking with it at its ... More

Banks may waive select farm loans in Kerala
The banks in Kerala have agreed to consider the possibility of writing off agricultural loans of up to Rs 1 lakh taken by those farmers who committed suicide, according to the Chief Minister, Mr V.S. Achuthanandan. He told newspersons after a ... More

REGIONAL RURAL BANKS
Karnataka Vikas bank sees scope in tourism, horticulture
The Karnataka Vikas Grameena Bank is targeting areas such as tourism-related business, fish processing units and horticulture for its growth in coastal Karnataka. Addressing presspersons here on Tuesday, Mr B.S. Surendra, Chairman of the bank, ... More

INSIGHT
Bernanke spooks markets
Little cheer for both economy, inflation-watchers More

FOREX
Rupee falls on weak markets
The rupee closed lower against the US dollar on Tuesday as it tracked the domestic equity market. Though there were lot of inflows and dollar selling by exporters, the downward movement of stocks pulled the Indian currency down, ... More

LIFE INSURANCE
Inflows into ULIP funds rising: ICICI Pru Life
Despite the meltdown in stock markets More

Birla Sun Life capital enhanced
Birla Sun Life Insurance (BSLI) has received an additional capital infusion of Rs 30 crore, taking its total capital base to Rs 490 crore, at the end of May. According to a press release from BSLI, this has been done to expand ... More

GENERAL INSURANCE
Oriental Insurance identifies 3 growth areas
Hopes to bag Sahara mandate More

`Declined' motor cover pool being worked out
The essentials of the proposed Declined Motor Insurance Pool, mooted by the insurance regulator, are expected to be drawn up shortly. Certain amendments of the Motor Vehicles Act have been mooted in this context, insurance industry sources have ... More

PUBLIC SECTOR BANKS
PNB's overseas offices to function from March
Punjab National Bank hopes that its four overseas offices will start functioning by March 2007. It has got approval from the Reserve Bank of India for these offices and has approached the monetary authorities of the four countries. "We are in ... More

PNB tie-up with Indian Airlines
Punjab National Bank (PNB) has tied up with Indian Airlines for online booking of air tickets. An agreement has been signed by the bank with INDIAN in this regard, a release issued by PNB said. This would enable the customers of the bank to ... More

GOVT BONDS
G-sec auction peps up market
Sentiment was initially bearish in the bond market on Tuesday, but prices gained after the Rs 10,000-crore Government securities auction was held. Dealers said prices gained because big investors such as LIC were bulk buyers in ... More

SHORT TERM INSTRUMENTS
Call rates remain unchanged
Call rates remained unchanged between 5.5 and 5.6 per cent. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 33 bids amounting to Rs 40,875 crore and in the second one-day ... More

FIXED DEPOSITS
Karnataka Bank hikes NRE, FCNR deposit rates
Karnataka Bank Ltd has increased interest rates on the NRE deposit scheme and the FCNR(B) deposits with effect from June 1. A bank release said here on Tuesday that the interest on the NRE deposit has been increased to 6.43 per ... More

OUTLOOK
PSU general insurers eye 12 pc growth this fiscal
Mix of strategies to tackle stiff competition from private sector More