The Hindu Business Line : Thursday, January 13, 2005

SBI Life targets premium income of over Rs 600 cr
SBI Life Insurance is targeting a premium income of over Rs 600 crore by the end of this fiscal, a projection buoyed by the company's plans to tap new customer segments. SBI Life, which has clocked a premium of about Rs 373 crore so far this ... More

RBI & OTHER CENTRAL BANKS

Reddy moots capping FII inflows — But not in favour of the move at this stage
DR Y.V. REDDY, Governor, Reserve Bank of India, today called upon the Government to have an option to impose a ceiling on FII inflows or even taxing them. However, he later clarified that the RBI was not in favour of imposing such a ceiling at ... More

The surge and participatory notes
THE RBI Governor's concerns on foreign institutional investment (FII) flows have to be viewed in the context of recent gyrations in the country's equity markets. Two facets of FII flows in recent times stand out. One, there has been a surge in ... More

`No plan to tax inflows'
THE Union Finance Minister, Mr P. Chidambaram, on Wednesday said that there was no proposal to tax foreign institutional inflows, setting at rest fears over such a possibility in the wake of the comments made by the Reserve Bank of India ... More

What they say
THE RBI Governor, Dr Y.V. Reddy, suggested monitoring quality and quantity of FII inflows and selective ceilings for the same, probably through the taxation route. ``The announcement by the RBI Governor would play a part in determining future ... More

PRIVATE BANKS

Bharat Overseas Bank's Kakinada branch opened
THE Bharat Overseas Bank Ltd is planning to expand its branch network in Andhra Pradesh and three more branches will be opened during the current year, according to Mr G. Krishna Murthy, Chairman. He was speaking to the press here on Wednesday ... More

TMB to launch any bank/branch transfer facility
THE Tamil Nadu Mercantile Bank (TMB) is launching `any bank/branch' money transfer facility for customers under `Real Time Gross Settlement System (RTGS)' from January 14. The Deputy General Manager (Business Development) of the bank, Mr S. ... More

PUBLIC SECTOR BANKS

Indian Bank gives Rs 3 cr for PM tsunami fund
The bank's Chairman and Managing Director, Mr M.B.N. Rao, handed over cheques for Rs 2 crore and Rs 1 crore representing the bank's contribution and the contribution of a day's salary by its employees, to the Prime Minister, Dr Manmohan Singh, on ... More

TRADE & LABOUR UNIONS

Nabard staff to intensify strike
THIRUVANANTHAPURAM: A joint meeting of the Nabard (National Bank for Agriculture and Rural Development) Officers Association and the All India Nabard Employees Association held in Mumbai has resolved to intensify their ongoing agitation ... More

EVENTS

2-day finance seminar at IIM-K from Saturday
THE Indian Institute of Management, Kozhikode, (IIM-K) is organising a two-day finance seminar `Arthanomics 2005' on January 15 and 16 at its campus. The sponsors of the event are UTI Bank and Mahindra. The finance student interest group at ... More

TRENDS

C-D ratio of banks at 59.9 per cent
THE credit-deposit (C-D) ratio of scheduled commercial banks as on last Friday of September 2004 stood at 59.9 per cent, according to the Reserve Bank of India's Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks - ... More

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