The Hindu Business Line : Monday, June 16, 2003

`Insurance broking a must for all'
INSURANCE broking assumes great importance and relevance for individuals, corporates as well as institutions in the present scenario with several private companies in the field offering numerous products, Mr C. Anjaneya Reddy, Chairman and ... More

REGIONAL RURAL BANKS

Netravati bank programme on self-help groups
NETRAVATI Grameena Bank, one of the regional rural banks sponsored by Syndicate Bank, recently conducted a `sensitisation programme' on self-help groups (SHGs) for its branch managers. The programme was organised in collaboration with ... More

GENERAL INSURANCE

GIC sees growth abroad
THE General Insurance Corporation of India intends to expand its operations overseas, for growth. The present domestic and international conditions provided the national reinsurer with both a need and an imperative, to go abroad for business, ... More

DEBT MARKET

Yields to stay soft in the short term
BOND markets remained subdued in the face of aggressive interventions by the Reserve Bank of India to regulate any build-up of liquidity on the eve of the Government's securities buyback programme. Traders said liquidity mopping up operations ... More

RBI adds a twist
Basically, now any drift down in yields will happen only on the back of renewed repo rate cut expectations. If the FOMC cuts by 50 basis points and the domestic inflation rates continue to drop over the next 3-4 weeks, we could see some expectations building up again. More

FINANCIAL INSTITUTIONS

KFC top priority to cut NPAs to 40 pc
AS part of its efforts to refurbish the balance sheet and ramp up the performance, the Kerala Financial Corporation (KFC) is giving top priority to reducing the non-performing assets (NPAs) level and improving the customer service. The ... More

GOVT BONDS

Conversion of Rs 20,000-cr special securities into dated stocks — RBI gets added muscle for OMO
BY announcing the conversion of Rs 20,000 crore worth of non-transferable `special securities' issued to the Reserve Bank of India (RBI) in 1997 into `marketable' dated stock, the Government has considerably enhanced the latter's ability to ... More

EVENTS

ACU meeting begins today
THE Asian Clearing Union (ACU) is taking up intra-regional trade settlements in alternative currencies, including the euro, at the 32nd annual meeting which begins on Monday. This meeting is being hosted by the Reserve Bank of India (RBI). The ... More

CO-OPERATIVES

RBI ban on loans to urban co-op directors draws flak
URBAN co-operative banks (UCBs) have criticised the Reserve Bank of India's recent move banning them from extending any loans and advances to directors, their relatives and associated concerns. "It is a knee-jerk reaction to isolated cases of ... More

Criminal cases filed against RBI, RCS officials on UCB fiasco
IN A significant development, criminal cases were filed in the Court of Metropolitan Sessions Judge, Nampally, here against two officers of the Reserve Bank of India (RBI) and two officers belonging to the Registrar of Cooperative Societies (RCS) ... More

AP: Prudential depositors seek Govt funds for bank revival
THE depositors of the ailing Prudential Bank, city-based urban co-operative bank, have urged the Andhra Pradesh Government to immediately come forward to extend financial support, stand surety and liaison with the Union Ministry of Finance for ... More

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