The Hindu Business Line : Tuesday, August 14, 2007

FARM CREDIT
Link crop loan with weather: Panel on debt
‘Help farmers with interest waiver, rescheduling of loans and more bank branches in rural areas’ More

FINANCIAL SERVICES
Reliance Money to open more rural outlets
Pune, Aug. 13 Reliance Money (RM), the financial products distribution arm of the Anil Dhirubhai Ambani Group company Reliance Capital, is stepping up its rural thrust, and intends to set up 10,000 franchisee outlets in 5,165 of the 5,645 ... More

FOREX
Rupee ends flat as pressure eases
The rupee closed at 40.6350/6450 against the dollar on Monday, the same levels as on Friday. However, the pressure on the domestic currency eased thanks to a positive domestic equity market, said dealers. The rupee opened at 40.62/65 and touched ... More

LIFE INSURANCE
SBI Life plans to expand business to Rs 6,000 cr
‘Potential for growth in insurance high’ More

GENERAL INSURANCE
Insurers here feeling US sub-prime heat
Private players may take harder hit More

PRIVATE BANKS
TMB opens branch in AP
Madurai, Aug. 13 Tuticorin-based Tamilnad Mercantile Bank opened its 189th branch with ATM and locker facility at Nandyal in Andhra Pradesh. Speaking on the occasion, Managing Director and CEO of the bank, Mr G. Narayana Moorthy, said ... More

PUBLIC SECTOR BANKS
SME credit growth of public sector banks tops 25%
Public sector banks’ overall credit exposure to small and medium enterprises grew 25.81 per cent in fiscal year 2006-07 to Rs 1,84,589 crore, surpassing the minimum 20 per cent year-on-year growth targeted for this sector.SME ... More

FOREIGN BANKS
HSBC India goes in for a down-to-earth transformation
TALKING THE LOCAL TALK More

FINANCIAL INSTITUTIONS
IFCI invites EoI for 26% stake sale
2-stage process for selecting investor More

GOVT BONDS
Bond prices unchanged
Bond prices ended flat as there is no change in the size of the market stabilisation scheme auction (MSS) for this week. Total traded volumes on the order matching system were at Rs 1,650 crore. The RBI on Friday announced the auction of the 5.48 ... More

CREDIT MARKET
Capital investments may top last year’s levels: RBI
‘Incremental demand for goods, services will drive fresh investments’ More

Food Processing Ministry decentralises loan disbursal
New Delhi, Aug. 13 The Ministry of Food Processing Industries has decided to forward 849 proposals for financial assistance to banks to facilitate prompt loan disbursal for expansion of units in the sector. A number of entrepreneurs had ... More

SHORT TERM INSTRUMENTS
Call rates close tad lower
Call rates closed at 6.10-6.20 per cent (6.15-6.25 per cent). In the one-day reverse repo auction under the Liquidity Adjustment Facility, the RBI received and accepted 16 bids for Rs 25,325 crore. There were no repo bids. The Collateralised ... More

CREDIT CARDS & DEBIT CARDS
Barclays unveils platinum debit card
Mumbai, Aug 13 Barclays India has launched the ‘Barclays Platinum Debit card’, which is an international debit card with a host of benefits.This includes cash withdrawal facilities and benefits on dining, golf, travel, ... More

MERGERS & ACQUISITIONS
Shriram Transport buys 40% stake in Ashok Leyland arm
NBFC to gain foothold in Ashley Transport’s challan discounting business More