Financial Daily from THE HINDU group of publications
Monday, August 08, 2005
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Financial Daily from THE HINDU group of publications Monday, August 08, 2005 |
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MONEY & BANKING REGIONAL RURAL BANKS MFIs require clear policy framework to expand areas: RBI THE Reserve Bank of India Governor, Dr Y.V. Reddy, said the increasing size and growth of micro-finance institutions (MFIs) across the country warrant a clear policy framework to cover operations in financial services in addition to credit. ... More DEBT MARKET 
Life insurers picking up bonds through swapsBONDS remained steady last week despite the surge in liquidity driven by large foreign currency inflows. Traders said that even the presence of the oil companies failed to impact the bond or the foreign exchange markets. Even high oil prices ... More PUBLIC SECTOR BANKS SBH donation to charitable trust HYDERABAD: The State Bank of Hyderabad (SBH) has donated 55 cots and almirahs worth Rs 1.26 lakh to the inmates of Viswa Shanti Sai Seva and Prachar Samaj Charitable Trust at Deshmukhi village in Nalgonda district, a bank release said. ... More FINANCIAL INSTITUTIONS SIDBI to set up credit rating agency for SMEs THE Small Industries Development Bank of India (SIDBI) is setting up a credit rating agency exclusively for small and medium enterprises. Speaking to reporters here after signing of a Memorandum of Understanding, to enhance credit flow to ... More CORPORATE BONDS RBI announces FRB interest rates THE Reserve Bank of India has announced the rate of interest on Floating Rate Bonds, 2011 and 2015 (II). The rate on FRB 2011 applicable from August 8, 2005 to August 7, 2006 would be 5.87 per cent per annum. The rate on FRB 2015 (II) ... More FIXED DEPOSITS 
SBT hikes NRE deposit ratesSTATE Bank of Travancore has revised interest rates for NRE, FCNR and RFC deposits with effect from August 1. |