MONEY & BANKING
FARM CREDIT
Chidambaram briefs banks on waiver process
Kolkata, June 4 Bank officials should be sensitised about the guidelines and instructions that have been issued for determining who the eligible farmers are for the debt waiver scheme, the Finance Minister, Mr P Chidambaram, told the three ...
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Oriental Bank list by June 20
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PNB to beat June 30 deadline
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Syndicate Bank drive
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Loan waiver: SBT forms core group
State Bank of Travancore (SBT) has formed a core group for the smooth implementation of the agricultural debt waiver and debt relief scheme. Mr Mathur K. Nanjunda, General Manager, said that top executives would monitor the implementation of the ...
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FOREX
Rupee falls on fuel price hike
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FINANCIAL POLICY
Central banks are inflation anchors
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PRIVATE BANKS
Kotak Mahindra Bank to open 76 branches
Ahmedabad, June 4 Kotak Mahindra Bank will open 76 new branches in 2008-09,taking the total number of branches to 250. Of the existing 184 branches, 33 are in Gujarat where the number would go up to 45 branches across 22 districts and 34 ...
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GOVT BONDS
Bond prices fall
Bond prices fell by around 10-15 paise reacting to the hike in fuel prices. Total traded volumes on the order matching system were at Rs 1,880 crore. Dealers said the fall in bond prices was couched since the hike had been partially factored ...
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CORPORATE BONDS
RBI to oil cos’ rescue; begins bond purchases
Intervention pulls yields down by 30 basis points
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SHORT TERM INSTRUMENTS
Call rates tad higher
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CREDIT CARDS & DEBIT CARDS
Think twice about paying credit card dues — in cash
ICICI BANK LEVIES FINE
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FIXED DEPOSITS
RBI bars Sahara India Financial from accepting public deposits
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Vijaya Bank to shed high-cost deposits
Chennai, June 4 Around Rs 2,000 crore of high cost deposits with Vijaya Bank, carrying an average interest rate of 9.6 per cent, are maturing this month and the bank is going to say ‘no’ to any renewal requests.“We ...
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PEOPLE
Allen Pereira heads Bank of Maharashtra
Pune, June 4 Mr Allen C.A. Pereira has taken over as Chairman & Managing Director of Bank of Maharashtra on Wednesday. Earlier, he was Executive Director of Oriental Bank of Commerce since March 2006. His career in the ...
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