MONEY & BANKING
FARM CREDIT
IOB waives Rs 724 cr on farm loans
Indian Overseas Bank (IOB) has waived Rs 724 crore at national level benefiting 3.89 lakh farmers under the agricultural debt waiver and debt relief scheme 2008 launched by the Centre, said Mr S.A. Bhat, Chairman and Managing Director of the ...
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FOREX
‘No-go’ signals
Hardware makers are hiking up prices across various categories, given the weak rupee against a strong dollar. Will it be just a temporary blip?
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LIFE INSURANCE
Bancassurance contributes major chunk for private players
Chennai, June 29 The insurance sector has witnessed a phenomenal growth over the past few years. In 2007-08, growth in premiums was over 40 per cent. Many private players are growing at rates above 70 per cent. Insurance premium collections ...
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FINANCIAL MARKETS
Rupee definitely trended south
Chennai, June 29 Every time the rupee rises or falls for a few weeks in a row, pessimists or optimists begin brooding or hoping that it will never fall or rise again. These hopes or fears are as ephemeral as the short-term fluctuations ...
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DEBT MARKET
Bond yields continue to rise on inflation, oil price hike
Outlook bearish; further intervention from RBI likely
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BONUS ANNOUNCEMENTS
South Indian Bank may offer 1:4 bonus
Coimbatore, June 29 South Indian Bank shareholders are likely to get one bonus share for every four shares held by them. While this is the recommendation made by the bank’s board, which met at its headquarters in Thrissur on Saturday, ...
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