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Thursday, November 03, 2005
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MONEY & BANKING

REGIONAL RURAL BANKS


2,072 SHGs financed in AP
HYDERABAD: Sree Anantha Grameena Bank, the Ananthapur-based regional rural bank sponsored by Syndicate Bank, has announced that it has financed 2,072 self-help groups (SHGs) on Wednesday to the tune of Rs 6.22 crore. In a press release ... More

FOREX


Exporters cancelling forward dollar cover
Exporters hardly resorted to cancellation of their forward cover in the last two years when the rupee was gaining against the dollar. More

Rupee ends lower, bonds stay flat
MUMBAI: The spot rupee closed lower against the dollar on Wednesday. However, the market was by and large flat, as most corporates were closed for the last two days for Diwali, said dealers. The money market too was closed on Tuesday. ... More

HOUSING FINANCE


HDFC to hold home loan melas in Kerala
HDFC is organising a mega home loan bonanza across the State on November 5 and 6, offering special rates and concession on fees. According to Mr C.V. Ignatius, General Manager, the offer will be valid throughout the State and three districts ... More

CONSUMER FINANCE


Muthoot Finance re-launches gold loan scheme
MUTHOOT Finance (P) Ltd, the flagship company of the Rs 300-crore Muthoot Group, has re-launched its gold loan as `Gold Power' by describing it as lifestyle loan product. A personal loan against gold security, Gold Power is packed with ... More

DEBT MARKET


Rs 8,000-cr auction on Nov 8
THE Government today said that it would sell two bonds worth Rs 8,000 crore on November 8 under its regular market borrowing programme through the price-based auction method. The Reserve Bank of India will conduct the auction of 7.49 per cent ... More

PUBLIC SECTOR BANKS


New BoI products for small businesses
TARGETING the small and medium enterprises sector, Bank of India has come out with two new products - Star Diamond Current Account and Star Gold Current Account - during its centenary year. The two new products are tailor-made to meet ... More

FINANCIAL INSTITUTIONS


AP to take Rs 50-cr equity in APSFC
THE Andhra Pradesh Government will pick up Rs 50 crore equity in the AP State Financial Corporation (APSFC) to enable the Corporation offer loans at the lowest interest rates to the small-scale units. Announcing this here on Wednesday, the ... More

SHORT TERM INSTRUMENTS


T-bills auction fully subscribed
THE auctions of the 91-day and 182-day Treasury Bills were fully subscribed, according to a press release from Reserve Bank of India. The notified amount for the 91-day T-Bill was Rs 2,000 crore of which Rs 1,500 crore is the Market ... More

ALLIANCES & JOINT VENTURES


StanChart, OBC in trade services pact
STANDARD Chartered Bank has entered into a strategic tie-up termed as the `agency trade services agreement' with Oriental Bank of Commerce (OBC). The agreement envisages participation of Standard Chartered Bank in import letters of credit ... More



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Oct. 23-Oct. 29
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