The Hindu Business Line : Sunday, March 02, 2008

FARM CREDIT
‘Debt waiver good for banks’
The budget announcement on Rs 60,000 crore debt waiver for the farm sector is actually good for the banks, according to Dr Shubhasish Gangopadhyay, Advisor to Finance Minister.“This is because these are agricultural loans. There ... More

Farm loan waiver may fuel demand for consumer goods
A majority of the industry believes that it is worth sharpening its focus on the vast untapped rural market after the Budget proposal. More

PREFERENTIAL ALLOTMENTS
HDFC Bank board nod for pref shares to promoters
Mumbai, March 1 The board of directors of HDFC Bank has approved the issue of preferential shares or warrants for Rs 4,008 crore to the promoters to maintain their stake at 23.28 per cent in the company.This will make good the decrease ... More

INFORMATION TECHNOLOGY
SBT to open 10 more ATMs
State Bank of Travancore (SBT) has announced the opening of 10 more ATMs in Kerala. The new ATMS are in Thrikkodithanam, Ettumanoor and Kothanallur in Kottayam district; Perumpilavu in Thrissur district; Kollengode in Palakkad district; ... More

GENERAL INSURANCE
LIC to offer non-life cover
LIC will soon emerge as a provider of many non-life insurance products, according to Mr. S Viswanathan, the south central zonal manager. He was speaking here on Friday evening after the new branch building of the LIC was inaugurated by the ... More

FINANCIAL INSTITUTIONS
‘Cost of SIDBI’s refinance will come down’
Budget proposes to create two funds More

OVERSEAS INVESTMENTS
ICICI Bank opens branch in New York
Mumbai, March 1 ICICI Bank inaugurated its branch in midtown Manhattan, following an approval from the US regulators to commence as a federal branch in New York City. The New York branch, subject to applicable guidelines, will offer a ... More

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Cross Currency Rates

People's car

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Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

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