The Hindu Business Line : Thursday, July 03, 2008

FARM CREDIT
Co-op banks identify 6.18 lakh farmers for debt relief
Kolkata, July 2 The short-term co-operative credit infrastructure in the State comprising the West Bengal State Co-operative Bank, 17 district central co-operative banks and about 6,000 primary co-operative societies, has identified 6,18,807 ... More

BoB farm loans waiver
Bank of Baroda has begun issuing certificates to the farmers who were eligible for agriculture waiver and debt relief scheme. Mr V. Santhanaraman, Executive Director, issued letters to about 500 farmers under the Kadipikonda Branch area in ... More

FOREX
Rupee up by 30 paise
More

GENERAL INSURANCE
Business houses run the risk of inadequate cover
INFLATION IMPACT More

Terrorism cover for free
click2insure has tied up with The New India Assurance Company to provide ‘terrorism cover’ to Indian citizens for free. The insurance cover of Rs 1 lakh is for a period of one year. Those seeking to avail themselves of this cover ... More

PRIVATE BANKS
Axis Bank opens new branch
Axis Bank has opened a new branch in Patancheru in Medak district on Wednesday. Mr. V Ranganathan, Senior Vice-President - Compliance, inaugurated it. Axis Bank has a network of 695 branches, 20 extension counters and 2868 ATMs across the ... More

PUBLIC SECTOR BANKS
Corpn Bank sets biz target at Rs 2,500 cr
Kochi, July 02 The public sector Corporation Bank has set a business target of achieving Rs2,500 crore in the current financial year in Kerala and has chalked out aggressive marketing of retail lending products, especially housing, vehicle and ... More

BoB mutual fund venture set to take off
Bank of Baroda’s mutual fund joint venture with Italian company Pioneer Global Asset Management is expected to begin operations this month, according to Mr M.D. Mallya, Chairman and Managing Director of the bank. Pioneer Global Asset ... More

FOREIGN BANKS
HSBC to expand private banking biz
Hyderabad, July 2 HSBC Private Banking will be expanding its operations to five new cities this year, according to Mr Ramnath Krishnan, Managing Director and Head, HSBC India Private Banking. “India is only second to Singapore in ... More

INTEREST RATES
Syndicate Bank lending rates up
Bangalore, July 2 Syndicate Bank has hiked its benchmark prime lending 50 basis points to 13.50 per cent. The rate hike takes effect from Wednesday. The bank also hiked its term deposit rates for long term time deposits. The rate for tenors ... More

GOVT BONDS
Bond market weak
The bond market was weak and volumes were muted, ahead of the auction of Rs 10,000 crore worth government securities scheduled for July 4. The RBI announced the re-issue of the 10 year G-Sec for Rs 6,000 crore and the 24-year paper for Rs 4,000 ... More

CREDIT MARKET
Advances to commodity trade under RBI watch
Selective credit controls to check inflation possible, say bankers More