The Hindu Business Line : Friday, July 04, 2008

FARM CREDIT
Debt relief to farmers
State Bank of Indore has provided relief of Rs 345.48 crore to 1,08,598 farmers under the Union Government’s Agriculture Debt Relief and Debt Waiver Scheme, 2008. This was announced by Mr Pradeep Shanker, Managing Director, during a ... More

More banks finalise list of farm loan beneficiaries
Mangalore, July 3 The Pune-based Bank of Maharashtra has finalised the lists of around 1.38 lakh accounts that are eligible for the Government’s agriculture loan waiver programme. Mr Allen C.A. Pereira, Chairman and Managing ... More

FOREIGN BANKS
Women’s interest
From health and beauty workshops to investing tips, Standard Chartered’s all-women branch in Kolkata banks on specialised customer care. More

ASSET MANAGEMENT COMPANIES
Reliance Capital sets up arm for UK operations
Kolkata, July 3 Reliance Capital Asset Management Company has set up a wholly owned subsidiary for its UK operations. The subsidiary would start operations after six months, Mr Vikrant Gugani, CEO of Reliance Capital Asset Management ... More

GOVT BONDS
Bond prices fall further
Bond prices fell by around 20 paise as traders were jittery ahead of the Rs 10,000 crore auction as well as the release of domestic inflation figures on Friday. Total traded volumes on the order matching system were at Rs 1,185 crore (Rs 1,025 ... More

CRR & BANK RATES
Bankers brace for further increase in repo rates
Liquidity remains tight; inflation fears heightened by oil rise More

SHORT TERM INSTRUMENTS
Call rates lower
Call rates ended lower at 4.75-5.00 per cent, against the previous close of 6.75-7.25 per cent. In the one-day repo auction under the liquidity adjustment facility, the RBI received and accepted 1 bid worth Rs 350 crore. In the one-day reverse ... More

MERGERS & ACQUISITIONS
Global Trade Finance, SBI Factors merger likely
Kolkata, July 3 The merger of Global Trade Finance with SBI Factors and Commercial Services could come through soon, Mr D.S. Das, Managing Director and Chief Executive Officer, SBI Factors, said here on Thursday.The merged entity would ... More

INTERVIEW
‘Strategic alliances will be the order of the day’
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