The Hindu Business Line : Sunday, July 02, 2006

FARM CREDIT
`Farmers lack access to financial support'
While encouraging bankers to give greater thrust to agri-advances, the Finance Minister, Mr. P. Chidambaram, lamented that a majority of the farmers continued to remain poor as they lacked access to finance support. "Only about 22 per cent of ... More

FINANCIAL SERVICES
LIC agents stage dharna
The Life Insurance Agents Federation of India staged a dharna on Saturday outside all divisional offices of Life Insurance Corporation (LIC) demanding higher bonus on all policies, improvement in services, introduction of senior ... More

DIVIDEND ANNOUNCEMENT
Union Bank pays Rs 98-cr dividend
Union Bank of India (UBI) has paid a dividend of Rs 98 crore to the Government for the financial year 2005-06. The Chairman and Managing Director, Mr M.V. Nair, handed over the dividend cheque to the Union Finance Minister, Mr P. ... More

PUBLIC SECTOR BANKS
Focus on market share: SBI chief
An upbeat Om Prakash Bhatt takes over as SBI Chairman More

Indian Overseas Bank: Buy
The ability to generate superior returns, the impressive business growth and the benefits likely to accrue from the acquisition of Bharat Overseas Bank make IOB a bankable stock. More

FINANCIAL INSTITUTIONS
IDFC: Buy
IDFC's high return on assets, low leverage, limited proportion of bad loans and low operating costs outweigh concerns on rising cost of funds and declining spreads. More

INTEREST RATES
Interest rates may remain benign
Any increase in interest rate will not bite either the retail or the industrial borrower. So, in that sense, it is benign. The rise we see from the bottom, in absolute terms, is still low and will not impact the borrower. PROF. T . T. RAM MOHAN, IIM-A More

Comfortable liquidity
NO UPWARD PRESSURE: Mr Om Prakash Bhatt (right), the new Chairman of State Bank of India, addressing the press along with Mr T. S. Bhattacharya, acting Chairman of the bank, in Mumbai on Saturday. Mr Bhatt said there was no upward pressure on ... More

CREDIT MARKET
RBI Governor calls for separate code for lending to SMEs
Need to work more on credit counselling to restructure debts More

FIXED DEPOSITS
SBI hikes NRE, FCNRB rates
SBI has hiked the interest rates for FCNRB and NRE term deposits across various maturities with effect from July 1. The bank now offers an interest rate of 6.70 per cent per annum on NRE fixed deposits with maturity of one to ... More

OBC raises deposit rates
Oriental Bank of Commerce (OBC) has revised interest rates on short-term deposits of 15 days to up to 30 days, and 31 days to up to 45 days by 25 basis points and 50 basis points, respectively, with effect from Saturday . An ... More

CUSTOMER RELATIONSHIP MANAGEMENT
Bank customers get their rights
New code explains how banks should deal with customers in their day-to-day operations More

INTERVIEW
`We will focus on global Indian business needs'
Consolidation is inevitable, says Indian Bank CMD More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

Top Stories
Coal stocks: CIL faces problem of plenty

Consolidation means sustainability: Mittal

How Japan has benefited from China's growth

Hoda panel for preferential allocation of iron ore mines

Govt on track to complete term: Sibal

Pvt airlines operating profit at Rs 895 cr

Looking back
Jun. 25-Jul. 1
`Asia to witness more M&As'

Bonds go into a tailspin

`Retail banking has lot of hidden costs'

Emerging economies face twin challenges of fiscal, price stability

Howden India finds takers for M&A insurance

General insurers pitching hard for Infosys policy

NHB may offer reverse mortgage for the elderly

Metals rise as Fed signals end to interest rate hike

FIs holding in US treasury down by over $1 b in April