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FARM CREDIT
Banks, co-ops told to submit details of overdue farm loans
Kolkata, March 10 The Reserve Bank of India has asked all public sector banks to submit by March 14 comprehensive list of dues from small and marginal farmers and other borrowers of agricultural loans. The National Bank for Agriculture and ... More

FOREX
Govt may take temporary steps to modulate capital inflows
New Delhi, March 10 The Finance Minister, Mr P. Chidambaram, has said that the Government may take “temporary measures” if needed to “modulate” capital inflows into the country.“The Government will, in ... More

Rupee ends higher in volatile trade
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CONSUMER FINANCE
Reliance plans flexi finance service at retail outlets
Hyderabad, March 10 After rolling out 11 formats ranging from footwear to jewels, Reliance Retail now plans to offer flexible financing options for its customers.The retail arm of corporate major Reliance Industries plans to launch MFT ... More

LIFE INSURANCE
Kotak Life opens Vizag branch
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India Post, ING Vysya Life tie up
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GENERAL INSURANCE
Reliance General Insurance clocks 125% growth
Gains from its retail strategy with focus on motor, health segments More

Centre will provide cover for tobacco crop
Working with Agriculture Insurance Co; premium subsidy at about 50% More

MetLife targets farmers through retail chain VISWAS
Hyderabad, March 10 MetLife India Insurance Company Ltd has tied up with VISWAS, a rural agri-products retail chain for farmers, for distributing its insurance products.As a pilot project, 50 retail outlets of VISWAS would be selling ... More

CORPORATE BONDS
Bonds choppy amid low volumes
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SHORT TERM INSTRUMENTS
Call rates end flat
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CREDIT CARDS & DEBIT CARDS
Leeway for banks on credit card cash withdrawal charges
Banks are free to decide on service charges to be levied for cash withdrawal using credit card in India and for withdrawal of money in ATMs abroad, said a notification from the Reserve Bank of India.“The service charges for cash ... More

TRADE & LABOUR UNIONS
SBI foreign dept shifting opposed
Employees and officers of State Bank of India’s Foreign Department here under the banners of State Bank of India Officers’ Association and State Bank of India Staff Association have been staging agitation for the past few days ... More

E-COMMERCE & E-BUSINESS
High value payments only thru e-transfer
Mumbai, March 10 All payments of Rs 1 crore and above will be done only electronically, starting April 2008. In a notification issued today, the RBI said that such high value payments would have to be done using any Real time Gross Settlement ... More

PEOPLE

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