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FARM CREDIT
Farm loans to be waived seen at Rs 71,680 cr
Chennai, June 11 Since the beginning of June, bank chiefs have been fanning into India interior. It’s not a vacation or summer retreat but an inspection visit that is taking every bank Chairman and Executive Director to the rural ... More

IOB chief monitors waiver scheme
More

FINANCIAL SERVICES
Western Union to maintain rural focus
Western Union Money Transfer will continue its focus on rural India, according to Mr Ratheesh Kumar, Country Director (Southern and Eastern India, Bangladesh, Sri Lanka and Maldives), Western Union Services India Pvt Ltd. Addressing ... More

NBFCS
Lease Plan is no longer NBFC
The Reserve Bank of India has cancelled Lease Plan’s registration certificate as a non-banking financial company (NBFC) and has approved its status as an operating lease company. LeasePlan India would no longer be guided by the NBFC ... More

LIFE INSURANCE
LIC will wait for Daiichi open offer
Mumbai, June 11 The Life Insurance Corporation of India will take a call on selling its 15.84 per cent stake in Ranbaxy Laboratories only when Japanese drug-maker Daiichi Sankyo makes its open offer to Ranbaxy’s shareholders, said a ... More

FINANCIAL MARKETS
Banks begin to rejig investment portfolios
Move intended to stem depreciation losses More

RBI & OTHER CENTRAL BANKS
RBI hikes repo rate to 8%
Mumbai, June 11 Interest rates are expected to go up further with Reserve Bank of India hiking its short-term lending rate by 0.25 percentage points with immediate effect.As part of its on-going effort to contain rising inflation, which ... More

Repo rate hike: Analysts expect market to open weak today
Some feel the impact could be limited More

CORPORATE BONDS
Oil bonds: RBI hikes limit
More

CREDIT MARKET
Bank loans distributed
M r Albert Tauro, Executive Director, Central Bank of India, distributed loans amounting to Rs 125 lakh to 150 beneficiaries under agriculture, housing, education, SHGs and other schemes as part of the debt waiver scheme. The event took ... More

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