The Hindu Business Line : Friday, January 07, 2005

Minister raps banks for rural neglect
THE Union Rural Development Minister, Mr Raghuvansh Prasad Singh, has expressed unhappiness over the policies of banks towards rural people. Inaugurating the 25th annual `Krishi Mela', organised by Sri Kshetra Dhramasthala Rural Development ... More

INSIGHT

Banks have enough to spare for infrastructure projects
The simple fact is capital investment in agriculture and industry is still not driving bank lending. After the south-east Asian currency crisis, no central bank wants to operate on thin reserves as sudden capital outflows can upset growth rhythms. More

FOREX

Rupee weaker; bonds decline
MUMBAI: The domestic currency declined by another 10 paise to end at 43.9450/95 per dollar on Thursday compared to its previous closing at 43.85. Dealers said the rupee's fall in value against the dollar for the second day was in line ... More

INSURANCE

Insurance: Recovering from tsunami's wrath
NATURE'S fury has left behind an trail of death and destruction. What should assume priority now is to bring back to normal the survivors and those who have suffered economic loss. State governments have initiated ... More

LIFE INSURANCE

Life insurance ad spends up 84 pc
LIFE insurance advertising on television between January and November 2004 registered a rise of 84 per cent over the corresponding period in 2003. The total amount spent up to November was Rs 257.5 crore (Rs 139.7 crore). Life Insurance ... More

FOREIGN DIRECT INVESTMENT

Roadmap for FDI hike in pvt banks soon
THE Finance Minister, Mr P. Chidambaram, has hinted that the roadmap for allowing foreign banks to pick up to 74 per cent stake in Indian private sector banks would be announced within the next few days. "The tsunami relief efforts had taken ... More

HUMAN RESOURCES

IMF regional training centre to be set up in NIBM campus
THE National Institute of Bank Management (NIBM) here is all set to have in its campus the Regional Training Centre of the International Monetary Fund. The approval for the setting up of the training centre has been obtained from the Reserve ... More

FIXED DEPOSITS

Banks hike rates on FCNR deposits
CORPORATION Bank has increased interest rates on FCNR (B) deposits with effect from January 3. A bank release said on Thursday that interest rate on the dollar for tenure of one year to less than two years is 2.85 per cent per annum (previously ... More

MERGERS & ACQUISITIONS

Shriram group to merge 3 cos
THE Chennai-based Shriram group will merge three of the four of its finance companies, although not immediately, the group's Chairman, Mr R. Thyagarajan, has said. Shriram Investments Ltd and Shriram Transport Finance Company Ltd are identical ... More

NATURAL CALAMITIES

IRDA for publicising tsunami claims in local languages
EVEN as the Union Government has estimated Rs 5,322-crore loss in Tamil Nadu, Andhra Pradesh, Pondicherry and Kerala on account of the tsunami devastation, the Insurance Regulatory and Development Authority (IRDA) has urged both the life and ... More

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