The Hindu Business Line : Wednesday, April 27, 2005

Why financial planning?
INDIA'S financial sector has seen major changes over the past decade, with the banking, securities and insurance sectors becoming less clearly defined as banks began to move towards universal banking structures. These changes affect ... More

INSIGHT

Time to promote intra-Asian capital flows
MR Alan Greenspan's "conundrum" — the phenomenon of falling long-term interest rates coexisting with rising short-term rates — continues. In fact, 10-year treasury yields broke 4.2 per cent on the downside last week. About two ... More

FOREX

Rupee tad higher; bond lacklustre
MUMBAI: The rupee ended trade at 43.67/6725 against the US dollar on Wednesday, slightly higher than Tuesday's close of 43.7050. The strengthening of the yen against the dollar also helped the rupee to edge up after opening at 43.69. ... More

FINANCIAL PERFORMANCE

Magma Leasing Q4 disbursals rise 81 per cent
MAGMA Leasing Ltd (MLL), which has achieved an 81 per cent growth in disbursal levels during the fourth quarter of 2004-05 at Rs 516 crore, has fixed a business target (new loans) of Rs 2,100 crore for 2005-06. Out of this, the company expects to ... More

NBFCS

NBFCs seek long-term funding
CALLING for greater private-public partnerships for speedy infrastructure development, a few mid-size NBFCs (non-banking finance Companies) have suggested that banks and other lending institutions should be able to provide long-term funds for ... More

CONSUMER FINANCE

SBT scheme for road transport operators
STATE Bank of Travancore (SBT) has launched a loan scheme for road transport operators. The scheme for the purchase of vehicles is open to all transport operators who own not more than 10 vehicles, says a press release issued by the bank. ... More

LIFE INSURANCE

Birla Sun Life premium income rises 70 pc
BIRLA Sun Life Insurance has ended 2004-05 with a 70 per cent increase in premium income at Rs 915.5 crore and plans to increase it to Rs 1,500 crore by the end of the current fiscal. Annualised premium grew by 32 per cent to Rs 627.4 crore as ... More

RBI & OTHER CENTRAL BANKS

ADB meet on development of consulting services in Chennai and Hyderabad
THE Asian Development Bank, in collaboration with the Ministry of Science and Technology's Consultancy Development Centre and Exim Bank of India, will hold seminars in Hyderabad and Chennai on `Development of domestic consultancy services'. ... More

PUBLIC SECTOR BANKS

Allahabad Bank biz crosses Rs 63,000 cr
ALLAHABAD Bank has crossed Rs 63,000-crore-mark in business for the fiscal ended March 2005, recording a year-on-year growth of 31.6 per cent compared with a growth of 22.9 per cent recorded in the previous fiscal. Announcing this here at a ... More

Andhra Bank gets CGR2 rating
ANDHRA Bank has informed the stock exchanges that ICRA has assigned a `CGR2' rating to the corporate governance practices of the bank. This rating implies that in ICRA's current opinion, the rated company has adopted and follows such ... More

MERGERS & ACQUISITIONS

`At least one big ticket bank merger likely this year'
THE Indian banking industry is likely to see at least one consolidation in the current financial year. The merger, when it happens, is likely to be either between banks in the South or between banks in the western region, said Mr H.N. Sinor, ... More

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