The Hindu Business Line : Friday, February 14, 2003

SLBC concern over recovery of agricultural loans
RECOVERY of agricultural loans, fee exemption to small and marginal farmers and conversion of agricultural short term loans into medium term loans were among the hot topics that the latest meeting of the State Level Bankers Committee (SLBC) had ... More

NBFCS

VBC Fin plans insurance foray
THE board of directors of VBC Finance & Leasing Ltd, part of the Visakhapatnam-based VBC group, has decided to discontinue the existing business of finance and leasing. In a communiqué to exchanges, the company said the board had decided to ... More

HOUSING FINANCE

Syndicate Bank slashes home loan rates
JOINING the interest rates war on housing loans, Syndicate Bank has announced a slash in interest rates ranging from 25 basis points to 100 basis points under various tenures. In a press release here on Thursday, the bank said the interest ... More

SBI Vizag home loan festival

GENERAL INSURANCE

`Corporate debt revamp poses problems for insurance cos'
THE corporate debt restructuring (CDR) initiated by the financial institutions (FIs) has created new problems for the general insurance companies, especially those in the public sector. Sources here said that the CDR provisions relating to ... More

PUBLIC SECTOR BANKS

UBI to issue bonds to raise Rs 400 crore
UNION Bank of India (UBI), which whittled down the Government's stake to 61 per cent through an initial public offering last year, is planning to issue bonds worth Rs 400 crore to beef up its tier-II capital. The issue, expected to be floated ... More

FINANCIAL INSTITUTIONS

IFC keen to invest more in core sector projects
THE International Finance Corporation (IFC) has highlighted its persistent focus on India and said that it seeks to venture into new sectors of the economy to strengthen the competitive quotient of the domestic industry. Addressing captains of ... More

GOVT BONDS

Govt may reset recap bond rates — Banks nod sought for shift to floating regime
THE 10 per cent earnings on the recapitalisation bonds that many public sector banks were hoping to enjoy is set to go. The Government has sought the consent of the banking industry to reset the coupon rate on the 10 per cent Government of ... More

Bonds — Buy another day!
IT seems to be the bond season again for banks who prefer having their portfolios stirred but not shaken! A couple of banks have announced plans to raise Tier - 2 capital in the last few days. Bank of Baroda plans to raise Rs 600 crore with a ... More

CORPORATE BONDS

Hudco bonds get triple A rating
HOUSING and Urban Development Corporation Ltd (HUDCO) has been accorded a Triple A (SO) rating by Fitch India, for its tax-free and taxable bonds issue which signifies highest safety with regard to timely payment of principal and ... More

CREDIT CARDS & DEBIT CARDS

UTI Bank issues 5 lakh debit cards

PEOPLE

Dinakar, new chief GM of SBH

TRENDS

Banks are not mere money-handlers anymore
Kerala has been as much a part of the retail banking revolution as any other part of the country. With the RBI statistics showing over 3,400 offices of commercial banks in the State as on March 31 last year, it probably has the highest number of bank s for such a small area. More

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