The Hindu Business Line : Thursday, April 03, 2008

PENSION PLANS
Online pension payouts
The District Collector, Mr S.S. Jawahar, launched on Tuesday the instant online identification and disbursal of pension to pensioners in the district treasury here. Part of an e-governance initiative, the software for muster computing has been ... More

FOREX
Rupee strengthens against dollar
More

GENERAL INSURANCE
BoM opts out of insurance venture
Mangalore, April 2 The Pune-based Bank of Maharashtra has opted out of its proposed joint venture with the Chennai-based Shriram Financial Services Holdings Pvt Ltd and Sanlam Ltd of South Africa for the general insurance foray. On ... More

FINANCIAL POLICY
Case for cut in banks’ SLR, abolition of branch licensing
Panel favours alignment of CRR with global benchmarks More

PRIVATE BANKS
South Indian keen to grow in North India
South Indian Bank (SIB) plans to expand presence in North India and aims to more than double the number of branches in this region over the next five years, its Chairman Dr V. A. Joseph, said.“We want to add another 150 branches ... More

PUBLIC SECTOR BANKS
Corporation Bank crosses Rs 95,000-cr biz
Mangalore, April 2 Corporation Bank’s business, as per provisional and un-audited figures, exceeded Rs 95,000 crore as on March 31 2008, as compared to Rs 72,000 crore as on March 31, 2007. A bank release said here on Wednesday ... More

BoM signs agency pact with ECGC
Mangalore, April 2 Bank of Maharashtra and the Export Credit Guarantee Corporation of India (ECGC) Ltd have entered into an arrangement for distribution of export credit insurance of ECGC by bank as its corporate agent. A bank release ... More

FOREIGN BANKS
Citibank package for expats
Mumbai, April 2 Citibank has launched a package of financial solutions and other services for the expatriate community in India. Apart from offering expatriates an orientation on living in India, the bank will also offer them investment ... More

CORPORATE BONDS
SBI bonds issue
State Bank of India has finalised the issue of bonds to raise 12 billion yen. The bonds will have a tenor of five years and carry a coupon of 3.36 per cent. The bonds will be issued on April 8, 2008, said the bank in a notice to the BSE. ... More

Oil firms seek higher coupons on bonds
To offset illiquidity, slimming refinery margins More

SHORT TERM INSTRUMENTS
Call rate closes at 6-6.25%
The inter-bank call rate closed at 6-6.25 per cent, against the previous close at 6.5-6.75 per cent on Wednesday. In the one-day repo auction under the liquidity adjustment facility, the RBI received one bid for Rs 400 crore. There were no repo ... More

PEOPLE
Public relations award
Mr Mathew Joseph, Deputy General Manager (Corporate Communications), Andhra Bank, has been inducted into the ‘Hall of Fame’ in public relations, an award instituted by the Public Relations Council of India. Mr Rameshwar Thakur, ... More