The Hindu Business Line : Friday, September 23, 2005

Will RRB mergers lead to efficient rural lending?
After talking merger for well over a decade, the Centre on September 12 issued a notification allowing for merger which should make RRBs a bit more efficient. More

FOREX

Rupee falls further; securities decline
MUMBAI: The rupee depreciated further against the dollar on Thursday in tandem with a 265-point fall in the Sensex. The domestic currency opened at 43.89/90 and touched an intra-day low of 43.9350. It closed at 43.92/9250, lower than ... More

INFORMATION TECHNOLOGY

Banks asked to finalise vendors for cheque truncation by Oct
THE Reserve Bank of India has asked banks to finalise vendors for their Cheque Truncation Systems by October. Cheque Truncation System (CTS) allows transferring the electronic image instead of physical movement of the cheques. RBI is ... More

GENERAL INSURANCE

Insurance for poll staff
THIRUVANANTHAPURAM: National Insurance Company will provide cover to staff on duty in the sensitive Kannur district as local bodies in the State go to polls from Friday. The cover will be invoked in the event of an accident that results ... More

PRIVATE BANKS

ICICI Bank opens 2 branches in UK
ICICI Bank UK Ltd, a wholly owned subsidiary of ICICI Bank, has added two branches in Manchester and Southall. With the setting up of these two branches, ICICI Bank UK now has four branches in the UK. According to a press release, Mr Bhargav ... More

PUBLIC SECTOR BANKS

Dena Bank to start 8 to 8 functioning
MUMBAI: Dena Bank has selected 12 branches in Mumbai for 12-hour banking. These branches will be open from 8 a.m. to 8 p.m. to enable customers to avail themselves of banking facilities at their convenience, said a press release from the ... More

SBI's `core' facility
MADURAI: State Bank of India will be introducing core banking facility in 4,000 branches by the end of 2006, according to Mr Bhaskar Niyogi, Deputy General Manager, SBI, Chennai Circle. The bank has invested Rs 500 crore for core banking ... More

FINANCIAL INSTITUTIONS

KSFC in talks with ARCIL to buy bad assets in Karnataka
THE Karnataka State Financial Corporation (KSFC) is in talks with Asset Reconstruction Company of India Ltd (ARCIL) to buy the bad assets in the State. Addressing newspersons here on Thursday, Mr B.R. Jayaramaraje Urs, KSFC Managing Director, ... More

ECGC presents Rs 25-cr dividend cheque
NEW DELHI: The Export Credit Guarantee Corporation of India Ltd (ECGC) has paid a dividend of Rs 15.23 crore to the Government for the year 2004-05. An interim dividend of Rs 10 crore for the current financial year has also been paid by ... More

GOVT BONDS

Development loans: Six States to raise Rs 839 crore
SIX State governments have announced the sale of 10-year State Development Loans for an aggregate amount of Rs 839.42 crore through a yield-based auction using multiple price auction method, RBI said in a press release. The States are: Assam - ... More

NON-PERFORMING ASSETS

Banks to intensify recovery of `loss assets'
Non-performing assets classified as loss are those that have been written off. Banks are focussing on recovering these assets. More

CREDIT MARKET

12 banks chosen to be nodal agencies for TUFS financing
THE Centre has identified 12 major banks, including State Bank of India and ICICI Bank, as the nodal banks for direct handling of the textile accounts financed by them under the Technology Upgradation Fund Scheme (TUFS). The other banks which ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line