MONEY & BANKING
FARM CREDIT
Bankers do field work, literally!
BANKERS seem to have taken innovative steps to expand their agriculture credit portfolio. Most of the south-based banks are capitalising on their presence in semi-urban and rural areas to expand agriculture credit portfolio as stipulated by the ...
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COURTS/LEGAL ISSUES
Orders reserved on Fabian plea
THE Kerala High Court today reserved its order on a writ petition filed by Mr K.P. Fabian, one of the newly elected Directors of Federal Bank Ltd.Mr Fabian has challenged the order of the Additional Principal Bench of the Company Law Board, ...
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FOREX
Travelex ties up with HDFC Bank
FOREIGN exchange giant Travelex said it expects to double the company's turnover in India to Rs 2,000 crore in another year. The foreign exchange company has also tied up with HDFC Bank for doorstep delivery of foreign exchange. Initially ...
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Rupee stronger; securities decline
MUMBAI: The rupee continued its winning streak against the dollar as it closed stronger at 45.85 against the greenback on Monday. "The NTPC issue is expected to bring in substantial dollar inflows from FIIs, which has helped improve ...
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PUBLIC SECTOR BANKS
SBI to hold Maha Utsav in Vizag
STATE Bank of India is holding a three-day Maha Utsav - 2004 here in the Viswa Priya Function Hall on the beach road from October 10 to disburse loans in the personal segment. Mr Supriyo Kumar Chaudhuri, the Deputy General Manager, said 28 ...
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Syndicate Bank product
GOVT BONDS
States seek floaters to prepay Central loans
FACED with rising interest rates, state governments have sought floating rate bond issues for market borrowings for meeting debt swap obligations. All market borrowings that have so far been made by the States for settlement of Central ...
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NON-PERFORMING ASSETS
Lenders readying BPL debt recast
WHILE the promoter family of Bangalore-based consumer durable maker BPL squabbles on before the Company Law Board (CLB), the lenders to the company are looking ahead to the future of the business they helped build. Led by ICICI Bank, BPL's ...
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CREDIT CARDS & DEBIT CARDS
Bobcards plans global prepaid dollar card
BOBCARDS Ltd, a wholly owned subsidiary of Bank of Baroda, proposes to introduce a prepaid dollar credit card by the end of the fiscal. Cardholders will have to use it like a debit card - they pay money first to Bobcards and get credit in ...
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ICICI Bank's festival scheme for card holders
ICICI Bank on Saturday announced, "Everybody Wins", a festival scheme for its debit and credit card holders, said a press release. According to the scheme, a refund of 5 per cent of purchase value will be given to each customer who makes a ...
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INTERVIEW
`Zero net NPA is a debatable concept'
THE Chairman and Managing Director, Vijaya Bank, Mr M.S. Kapur, has been guiding the fortunes of the bank since August 2002. In his 35 years in banking, Mr Kapur has held various important positions including officiating CMD of Punjab and Sind ...
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PEOPLE
Natarajan retires as TMB chief
MADURAI: The Chairman and Chief Executive Officer of Tamilnad Mercantile Bank Ltd, Mr R. Natarajan, retired on September 30 on completion of two-year term. Mr T. Palappan, General Manager (Recovery and Accounts), would be in-charge as ...
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Cross Currency Rates
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