MONEY & BANKING
FARM CREDIT
Kerala favours liberal bank credit to farmers in AEZs
THE State Government would like commercial banks to provide credit support at concessional rates to farmers in Agri Export Zones (AEZs), according to Mr K.R. Jyothilal, Director, Department of Agriculture. Addressing a workshop on `AEZs in the ...
More
COURTS/LEGAL ISSUES
HC allows Federal Bank board to meet
The Bench made it clear that the decisions taken at the meeting "shall be subject to the orders to be passed by this court".
More
FOREX
Rupee firm; gilts lacklustre
MUMBAI: The rupee continued to be bogged down by the growing dollar demand from oil majors, but closed almost unchanged from its previous levels. The domestic currency closed at 45.85/86 on Thursday, as against 45.8650 on Wednesday. ...
More
CONSUMER FINANCE
Magma offers car loans at 2.99 pc interest
DURING this festive season, there is `good news' for all those who have been postponing buying a car for personal needs owing to `unaffordable' interest rates. Magma Leasing Ltd (MLL), the Kolkata headquartered Rs 867-crore non banking ...
More
LIFE INSURANCE
TBWA India lands creative account of Bajaj Allianz
BAJAJ Allianz Life Insurance Co Ltd, one of the leading players in the private insurance segment, has announced the appointment of the Mumbai office of TBWA India as their creative agency. TBWA India bagged the creative business of Bajaj ...
More
GENERAL INSURANCE
Hardening reinsurance rates hit mega risk covers of energy cos
Hardening of the reinsurance markets had made it difficult for placement of the recent energy mega risk covers acquired by the public sector insurers.
More
RBI & OTHER CENTRAL BANKS
RBI slaps Rs 5 lakh fine on Citibank for flouting KYC norms
THE Reserve Bank of India has slapped Rs 5 lakh fine on Citigroup's Indian banking unit, for flouting the central bank's `Know Your Customer' norms, with regard to not verifying the background of an account holder. Reportedly, the account ...
More
PRIVATE BANKS
Yes Bank pegs credit portfolio at Rs 1,000 cr
THE one-month old Yes Bank expects to build up a credit portfolio of Rs 1,000 crore by the end of the financial year, the Managing Director and CEO, Mr Rana Kapoor, told Business Line today. He said that at least 30 per cent of the ...
More
PUBLIC SECTOR BANKS
Allahabad Bank on look-out for alliances
THE Kolkata-based Allahabad Bank is looking for geographical, structural and business synergies in order to forge alliances with other banks. Mr O.N. Singh, Chairman and Managing Director, Allahabad Bank, said, that the bank is in the lookout ...
More
FINANCIAL INSTITUTIONS
Barclays Capital to underwrite Rs 2,400-cr Essar Steel debt
ESSAR Steel's financiers are putting together a package under which Barclays Capital will underwrite new securities that will have as their underlying the entire Rs 2,400-crore debt of the steel-maker. According to an institutional source, the ...
More
CREDIT MARKET
Karnataka: Banks lent Rs 2,520 cr to priority sector in Q1
BANKS in Karnataka have disbursed Rs 2,520.39 crore under the annual credit plan to priority sectors in the first quarter of the current fiscal. Speaking at the 91st meeting of the State Level Bankers Committee (SLBC) here today, Mr K.M. Shet, ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds