The Hindu Business Line : Saturday, June 14, 2008

FARM CREDIT
‘Loan waiver scheme, a disaster’
Hyderabad, June 13 The Rs 71, 680 crore farm loan waiver came in for severe criticism from Mr Raghuram Rajan, Professor of Finance, University of Chicago and Chair, Committee on Financial Sector Reform. Delivering a special address on ... More

DIVIDEND ANNOUNCEMENT
Allahabad Bank ups dividend
The board of directors of Allahabad Bank at a meeting held in New Delhi on Friday has recommended a dividend of 35 per cent for 2007-08 as against 30 per cent recommended earlier. – Our ... More

FOREX
Forex reserves rise $1b
Mumbai, June 13 The foreign exchange reserves rose by $1.046 billion to $315.7 billion for the week ended June 6. In the previous week, the reserves had fallen by $1.56 billion.According to the RBI’s Weekly Statistical Supplement, ... More

SMALL SAVINGS
Chit fund into financial market
Sri Nithyakalyani Chit Funds (P) Ltd, which celebrated its silver jubilee in the city recently, has decided to turn into a financial supermarket. According to a press release, the chit business has been carried on without accepting deposits from ... More

HUMAN RESOURCES
The bankers’ bonhomie
JIBES AND ADVICE TOO More

PUBLIC SECTOR BANKS
Banks’ blues come to the fore
PSBs need more capital, foreign banks more branches More

SBI to float private equity fund for SMEs
We will take a call on rates after a week or two: Bhatt More

Central Bank aiming to win market pie
Chennai, June 13 In terms of deposits plus advances, Central Bank of India is slightly bigger than fellow public sector bank, Union Bank of India. Last year, Central Bank’s total business was Rs 1,84,607 crore against Union Bank’s ... More

INTEREST RATES
SBI panel decides against lending rate hike
Mumbai, June 13 The Asset Liability Management Committee of State Bank of India, which met today, decided not to increase lending rates, a spokesperson for the bank said.The ALM committee met to assess the impact of the recent increase ... More

GOVT BONDS
Bond prices fall by 40 paise
Mumbai, June 13 Bond prices tumbled by around 40 paise for the second consecutive day as domestic inflation soared to 8.75 per cent and triggered fears of another rate hike.The 8.24 per cent-10 year-2018 benchmark paper opened at Rs ... More