The Hindu Business Line : Saturday, December 31, 2005

Rupee firms up; securities flat
MUMBAI: The rupee appreciated against the greenback on Friday on the back of dollar inflows. The domestic currency opened at 45.11/12. It closed at 45.04/05, up from Thursday's level of 45.16/17. A dealer at a private bank said ... More

INSURANCE

ECGC plans product to cover marine exports
EXPORT Credit Guarantee Corporation of India (ECGC) is designing a special insurance policy for seafood exporters that would cover the risk of rejection of consignments by western countries. "Often it happens that consignments are rejected ... More

CONSUMER FINANCE

Allahabad Bank in pact with tractor manufacturers
ALLAHABAD Bank has signed two separate memorandum of understanding (MoUs) with two tractor manufacturers, namely, Sane Deutz-Fahr India (P) Ltd and Standard Combines Pvt Ltd for financing their respective brands of tractors under a special ... More

GENERAL INSURANCE

Salary arrears disbursal on Jan 9 — PSU insurance staff to work longer hours
AS part of implementing the revised wage structure, the working hours of the four public sector general insurance companies will be increased from January 2. As per the Central Government notification in the last week along with the wage ... More

PRIVATE BANKS

CUB's multiple benefits plan
CITY Union Bank (CUB) has launched depository participant services and announced an insurance-linked deposit scheme, the CUB-multiple benefits plan. Speaking at the launch, Mr S. Balasubramanian, Chairman and Chief Executive Officer, CUB, said ... More

South Indian Bank's no frills a/c
THE South Indian Bank has introduced a new product — SIB Saral — in keeping with the Reserve Bank of India's direction to banks to make available a basic "no frills" banking account for customers. SIB Saral offers hassle-free ... More

PUBLIC SECTOR BANKS

Syndicate Bank signs MoU with SMERA
THE public sector Syndicate Bank has signed a memorandum of understanding with the SME Credit Rating Agency of India Ltd (SMERA). Speaking to reporters Syndicate Bank's Chairman and Managing Director Mr N. Kanta Kumar said, the MOU would ... More

IOB to sell gold coins
INDIAN Overseas Bank proposes to retail gold coins, with an eye on the commission income. The bank's Chairman and Managing Director, Mr T.S. Narayanasami, estimates the income at Rs 10 crore in the first full year of the plan's ... More

SBH sets up rural institute
STATE Bank of Hyderabad (SBH) has set up a rural institute for self-employment and training at Chilkur in Ranga Reddy district. The institute was formally inaugurated by the District Collector, Mr L. Premchandra Reddy, on Friday, according to a ... More

Bank of Maharashtra offers no frills account
BANK of Maharashtra has launched a no frills account `Mahabank Lok Bachat Yojana', with an initial minimum deposit as low as Re 1. The account has no minimum balance criteria and there is no restriction on the number of transactions, the bank ... More

CREDIT CARDS & DEBIT CARDS

Vijaya global card
Ms Mumtaz Begum, Mayor, Bangalore Mahanagara Palike, and Mr M.S. Aftab, Executive Director, Vijaya Bank, at the launch of `Vijaya Global Debit Cum ATM card' in Bangalore on Friday. The internationally valid card will be issued to customers ... More

EVENTS

Talk on `Banking in the IT age'
MANGALORE: As a part of The Hindu Business Line Club, Mr B.R. Bhat, General Manager of Corporation Bank, will deliver lectures at MSNM Besant Institute of Postgraduate Management Studies and at Srinivas College of Postgraduate ... More

IPOS

Lapses in opening demat account: Karvy told to conduct probe
NATIONAL Securities Depository Ltd (NSDL) has found lapses by Karvy Share Broking (Karvy) in processing account-opening application for demat accounts. The finding follows NDSL's inspection of Karvy in Yes Bank IPO allotment. NSDL said bank ... More

CO-OPERATIVES

`Allow apex-level entities wider access to public funds' — Panel report on long-term coop credit structure
A TASK Force to suggest revamp of long-term cooperative credit structure has recommended that apex level entities in such structures be allowed much wider access to public funds. In its draft report, submitted to the Union Finance Minister, Mr ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Debt burden of rural households up 4 pc since 1991: Survey

2005: Mega deals in ICT arena

Thanks to bull run, 161 cos move from small to mid-cap segment — `Graduation to continue in 2006 too'

Third attempt by Sterling group to sell mobile biz

Coffee rally gives sense of relief to growers

Holcim entry shakes up cement industry

FMCGs: The return to growth

In Focus

Dynamic Tirupur

Trends in IT - 2005