Financial Daily from THE HINDU group of publications
Tuesday, April 05, 2005
Financial Daily from THE HINDU group of publications Tuesday, April 05, 2005 |
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MONEY & BANKING REGIONAL RURAL BANKS Dharwad bank posts 24 pc growth MANGALORE: Malaprabha Grameena Bank, Dharwad - a regional rural bank sponsored by Syndicate Bank - touched a total business of Rs 1,917 crore during 2004-05. According to a press release from the bank on Monday, the bank registered ... More PENSION PLANS 
Birla group eyes pension venture with Sun LifeTHE Canadian Minister of International Trade, Mr James Peterson, who is on a visit to India, believes that bilateral ties between India and Canada could soon enter a high growth phase. Mr Peterson will hold discussions with the Ministries of ... More FOREX Rupee tad lower; bond market dull MUMBAI: The rupee traded a shade lower against the dollar on Monday as the US currency gained against the euro and yen and also on higher oil price, said dealers. The domestic currency ended at 43.78/79 on Friday. It opened at 43.75/76 ... More POLICY Banking services public utility for six more months THE services in the banking industry have been declared as a public utility under the Industrial Disputes Act, 1947, for another six months with effect from March 30, 2005 in the larger public interest, according to an official release. The ... More TAXATION FICCI seeks withdrawal of banking cash transaction tax THE Federation of Indian Chambers of Commerce and Industry has called for withdrawal of the proposed banking cash transaction tax (BCTT). The Budget proposes to levy a BCTT at the rate of 0.1 per cent on the value of transactions as specified ... More SOFTWARE Flexcube now on Oracle 10g MUMBAI: i-flex solutions' core banking solutions Flexcube is now available on Oracle's 10g infrastructure software, that has been designed specifically for grid computing, said a company press release. ``It is our continuing endeavour to ... More LIFE INSURANCE Shriram life insurance foray by August THE Chennai-based Shriram Group has applied for a licence for its foray into life insurance business. Addressing presspersons here on Monday, the President of Shriram Investments Ltd, Mr Umesh G. Revankar, said that the life insurance company ... More PRIVATE BANKS TMB introduces overdraft facility for pensioners TAMILNAD Mercantile Bank (TMB) has introduced a new scheme called `TMB-Pensioner'. Under this scheme, overdraft facility would be granted to persons who have retired from Central Government organisations, PSUs, and banks, and who receive their ... More PUBLIC SECTOR BANKS Corporation Bank business up 24 pc CORPORATION Bank's total business stood at Rs 45,808 crore as on March 31, recording a growth of 23.50 per cent over the previous year-end level. A bank release said here on Monday that the total business grew by Rs 8,697 crore during the ... More NON-PERFORMING ASSETS Good recoveries bring cheer to bankers Recoveries this year are expected to be in excess of Rs 250 crore for each of the banks. Besides, there was little NPA accretion during the last fiscal. More FIXED DEPOSITS 
Karnataka Bank hikes NRE term deposit ratesKARNATAKA Bank Ltd has hiked the interest rate on its NRE term deposit scheme with effect from April 1. The interest rate on NRE savings deposits has been revised from 2.80 per cent per annum to 3.40 per cent per annum with effect from April ... More
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