The Hindu Business Line : Tuesday, February 27, 2007

REGIONAL RURAL BANKS
Karnataka Vikas Grameena Bank opens 2 more branches
Karnataka Vikas Grameena Bank - a regional rural bank sponsored by Syndicate Bank - has opened two branches at Vittal and Kalladka in Dakshina Kannada district. A press release said here on Monday that the total number of branches now ... More

FOREX
Rupee marginally higher
The rupee gained by around three paise on exporters selling dollars and weakness of the dollar overseas. The rupee opened at 44.11, moved in the range of 44.13-17, and finally closed at 44.20, higher than the close of 44.23 on ... More

AGRICULTURAL INSTITUTIONS
Nabard funds for more tribal projects
The National Bank for Agriculture and Rural Development (Nabard) has sanctioned six projects with a financial outlay of Rs 13.67 crore under its Tribal Development Fund. It will benefit 4,025 tribal families in Rajasthan, Uttaranchal, Madhya ... More

GENERAL INSURANCE
Cholamandalam wins bid for non-aviation cover to Air India
The airline expects fierce competition between the public and private sector insurers for aviation-related business also. More

PUBLIC SECTOR BANKS
Lending a hand
THE CHAIRMAN and Managing Director of Andhra Bank, Mr K. Ramakrishnan, guiding a lady customer in operating the newly launched biometric technology ATM centre at Kondapur in Hyderabad on Monday. ... More

INTEREST RATES
Syndicate Bank hikes rates on retail deposits
Syndicate Bank has raised interest rates of retail deposits upwards of nine per cent. A release today said that the bank had introduced two new deposit products called Synd Plus and Synd 500 Plus. The deposit products are for 400 days and 500 ... More

GOVT BONDS
Bond prices move up
Bond prices spurted by around 25 paise reacting to the RBI's decision on resuming interest payments on the Cash Reserve Ratio maintained by banks. Total traded volumes on the order-matching system were around Rs 3,000 ... More

CREDIT MARKET
Bank of Maharashtra ties up with UNEP
To provide loans for solar home systems in Maharashtra eight districts More

SHORT TERM INSTRUMENTS
Call rates fall
Call rate losed at 6.15-6.25 per cent on Monday against the previous close at 6.20-6.40 per cent on Friday. In the first one-day reverse repo auction, the RBI received and accepted four bids for Rs 545 crore. In the second ... More

CREDIT CARDS & DEBIT CARDS
PNB to finalise credit card partner soon
Punjab National Bank (PNB)hopes to finalise the joint venture partner for its proposed credit card foray by end-March. About 11-12 proposals have already been received in response to the expression of interest (EOI) invited by the bank to ... More

INTERVIEW
Canara Bank ready to fund more M&As
We have resources for more biz in that segment, says M.B.N. Rao More

OUTLOOK
SBH targets Rs 1 lakh cr biz
State Bank of Hyderabad is expected to achieve a business of Rs 1,00,000 crore by March 31, 2007, according to Mr Amitabha Guha, Managing Director of the Bank. Inaugurating 959th branch of the bank at Gokuldham, Goregaon, Mumbai, ... More

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