Financial Daily from THE HINDU group of publications
Tuesday, October 18, 2005
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Financial Daily from THE HINDU group of publications Tuesday, October 18, 2005 |
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MONEY & BANKING INSIGHT 
Banks must re-invent SME financingSmall and medium enterprises are the engines of growth in an economy. But as the sector is characterised by information asymmetries and high processing costs, banks are reluctant to lend to SMEs. With the Government soon to put in place a rating mech anism for SMEs, however, and armed with better risk information, banks can now use technology for effective credit delivery, says P. P. Pathrose. More FOREX Rupee falls further; bonds lacklustre MUMBAI: The rupee depreciated against the dollar on Monday, giving upp the early gains it made during the day. The domestic currency opened at 44.77/78. It, however, fell to close at 44.8750/8850, lower than Friday's close at ... More INFORMATION TECHNOLOGY City Union's CBS facility at Coimbatore COIMBATORE: The Ramnagar branch of the City Union Bank is its 36th branch to join the Core Banking Solution (CBS) loop. The bank is planning to implement the CBS facility at all its branches in Karur and Salem soon. "CBS will be ... More FINANCIAL PERFORMANCE HDFC Bank Q2 net up 31 pc on retail surge HDFC Bank has posted 31.09 per cent growth in net profit at Rs 199.64 crore for the second quarter ended September, against Rs 152.29 crore in the corresponding previous period, aided by high growth in retail loans and increase in net interest ... More
SOFTWARE Canara Bank picks Red Hat OS for branches RED Hat Inc on Monday announced that Canara Bank has selected its operating system to automate 1,000 of its 2,508 branches in the country. Canara Bank has replaced the Novell Netware operating system (OS) with Red Hat's flagship OS, Red Hat ... More GENERAL INSURANCE `Cradle care' policy to cover congenital defects INSURANCE broking firm - Link-K Insurance Broker Company (Private) Ltd, in association with United India Insurance Company Ltd and the Indian Association of Paediatric Surgeons, has introduced a policy for newborns. The `Cradle Care' ... More DEBT MARKET Fall-out of fiscal responsibility Act, tougher compliance norms — State Govts going slow on bond issues this year FACED with tight fiscal compliance norms and intense surveillance by regulators, issuance of State Government guaranteed securities have reduced to a trickle. This year no figures are out, but bankers confirmed that the number of bond issues ... More PRIVATE BANKS Karnataka Bank customers' meet MANGALORE: Karnataka Bank Ltd conducted a customers' meet at Pachanady in Mangalore taluk recently. A bank release said on Monday that Mr Ananthakrishna, Chairman and CEO, highlighted the strengths of the bank on the occasion. Stating ... More PUBLIC SECTOR BANKS Indian Bank opens ATMs in Hyderabad HYDERABAD: Indian Bank has introduced three automated teller machines (ATMs) and two core banking solution (CBS) in its branches here on Monday. The Bank's Executive Director, Mr B. Sambamurthy, formally inaugurated the ATMs in ... More CREDIT MARKET BoB traders' loan festival in Thiruvananthapuram THIRUVANANTHAPURAM: Bank of Baroda (BoB) is celebrating a `Traders Month' from Monday to November 19 with a view to consolidating credit growth as well as taking advantage of the opportunities presenting themselves in the business domain. ... More EVENTS Basel document has many gaps: Experts The document does not deal with the developmental functions that banks could fulfil for the benefit of the whole economy and is conspicuously silent on corporate social responsibility. More SOCIETY & DEVELOPMENT HSBC - Kochi branch organises `Helping Hands Mela' KOCHI: SOS Children's Village, Aluva, the Kerala Blind School Society and Kudumbasree, Kochi, will participate in the Helping Hands Mela 2005 organised by the HSBC Kochi branch from Monday to Saturday. The Helping Hands Mela is an ... More
HSBC's `Helping Hands Mela' in Hyderabad Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Focus Indian Aviation: Sky is the limit Stock splits India Inc's bonus bonanza Dabhol power regenerated Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Oct. 9-Oct. 15 European Central Bank likely to raise interest rate by 25 basis points Forex reserves up $42 m Bond yields harden on rising credit demand IRDA beefing up inspection To meet credit demand growing at over 33 pc — Banks find CBLO route attractive Govt to float bonds to fund small hydel power projects UTI Bank net rises to Rs 109 cr in second quarter |
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