The Hindu Business Line : Wednesday, August 10, 2005

Malaprabha Grameena Bank's pact to finance tractors to farmers
THE Dharwad-based Malaprabha Grameena Bank, a regional rural bank sponsored by Syndicate Bank having its branches in Dharwad, Gadag, Haveri and Belgaum districts of Karnataka, has signed an agreement with New Holland Tractor Company to finance ... More

INSIGHT

Foreign remittances: From monitoring to managing
FOREIGN inward remittance was always welcomed in India with higher interest rates and tax exemptions from the days of the oil price boom in the 1980s, when the exodus of Indian workers to West Asia commenced. ... More

FOREX

Rupee steady; gilts decline
MUMBAI: The rupee slightly trimmed its morning losses as a result of dollar selling and some foreign institutional investors' inflow. The rupee opened at 43.55/56 and fell to an intra-day low of 43.59. It then bounced back to touch ... More

NBFCS

Magma Leasing Q1 disbursals up 23 pc
MAGMA Leasing Ltd has announced that it has achieved a growth of 23 per cent in net disbursal for the first quarter ended June 2005 at Rs 346 crore (Rs 280.54 crore). In a press release here on Tuesday, the company said its gross profit surged ... More

LIFE INSURANCE

Life insurance still the best bet
The expectation of life, once one has past the perils of early childhood, too has shown a dramatic increase. According to the mortality rate schedule for LIC annuitants, those who have reached the age of 20 can on an average look forward to ... More

GENERAL INSURANCE

Reinsurance helps United India
UNITED India Insurance Company Ltd has said that neither the rains in Mumbai nor the ONGC platform fire will make a big dent in its profits, thanks to reinsurance. Company officials told newspersons that both the Mumbai rain and the fire were ... More

TPAs form body
THIRD party administrators (TPAs) of health insurance schemes in the country have come together to resolve common issues and better their image as a strong link in the healthcare business. The Association of Third Party Administrators (ATPA) ... More

PRIVATE BANKS

Karnataka Bank trophy
MANGALORE: The Bangalore region of Karnataka Bank Ltd received `Best Region' trophy from the Chairman and Chief Executive of the bank, Mr Anantakrishna, in Mangalore on Monday. A bank release said here on Tuesday that Mr Anantakrishna ... More

PUBLIC SECTOR BANKS

Corpn Bank donation
MANGALORE: Corporation Bank has donated Rs 1 lakh to Mangala Seva Samithi Trust for construction of a room at an orphanage at Kuttharapadavu in Mangalore. A bank release said here on Tuesday that Mr K.L. Gopalakrishana, Executive Director, ... More

INTEREST RATES

Cataclysm could see Fed policy reverse
What might upset the Fed's applecart are some dramatic global developments in the last few days. More

CREDIT MARKET

Banks now welcome loan prepayment
Banks and financial institutions had till recently discouraged prepayments for fear of assets liability mismatches and loss of high return asset. More

SBI to hold loan fest
VISAKHAPATNAM: State Bank of India is holding a loan mahotsavam (grand fete) at all its branches from August 13 to 16, according to a release issued here on Tuesday. During the four days, said the release, the bank will give ... More

CREDIT CARDS & DEBIT CARDS

Titanium Card launched
HDFC Bank and MasterCard International launched a new credit card on Tuesday called the Titanium Card. This card is targeted at individuals with an income of over Rs 7 lakh per annum and the credit limit would be Rs 1.5 lakh to start with, ... More

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