Financial Daily from THE HINDU group of publications
Tuesday, February 08, 2005
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Financial Daily from THE HINDU group of publications Tuesday, February 08, 2005 |
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MONEY & BANKING FARM CREDIT To meeet priority sector lending targets — Foreign, new pvt banks move to buy out farm loans from PSBs In order to avoid penalties, some foreign banks have begun activating their lines of credit with the public sector banks for funding their compliance with priority sector loan targets or taking them out. More
BoI helps farmers spot income avenues FOREX Rupee slips; gilts up MUMBAI: The rupee closed at 43.485-43.495 levels against the dollar on Monday, a tad firmer on its opening levels of 43.49 but weaker than its previous week's finish of 43.475. The rupee started the week on the back foot, with dollar ... More NBFCS RBI directs NBFCs to ensure full cover on public deposits THE Reserve Bank of India has said that non-banking finance companies (NBFCs) should ensure at all times that there is full cover available for the public deposits accepted by them. In a notification to all NBFCs here on Monday, the central ... More PRIVATE BANKS Centurion Bank gets shareholders' nod to raise Rs 600 crore CENTURION Bank Ltd on Monday said its shareholders have approved a proposal for raising Rs 600 crore by way of domestic or international offerings shortly. In a notice to the stock exchange here today, the bank said it has obtained ... More PUBLIC SECTOR BANKS `Time for global banks to take cue from Indian peers' IT is time for the international banks to take lessons from Indian banks as to how to face situation of crisis and come out strong, according to the President of the All-India Bank Officers' Confederation (AIBOC), Mr R.C. Agarwal. Addressing ... More
Syndicate Bank chief urges officials to take bank to greater heights
PNB distributes Rs 3 cr loans at Palakkad
Wipro completes Corpn Bank order INTEREST RATES Assocham seeks reduction in PLR THE Associated Chambers of Commerce and Industry of India (Assocham) has called for reduction in prime lending rate (PLR) from existing 10-12 per cent to 6 per cent for exporters and 8-9 per cent for domestic borrowers. In addition, the ... More GOVT BONDS BoB shifts Rs 8,450-cr G-Secs to HTM basket BANK of Baroda has transferred Rs 8,450 crore worth of government securities to the `Held to Maturity' category basket from its `Available for Sale' basket, last week. The bank had booked a depreciation of Rs 518 crore in its G-Secs portfolio ... More
Cut-off price for bonds FIXED DEPOSITS 
PSB revises NRE, FCNR (B) deposit ratesPUNJAB and Sind Bank (PSB) has revised interest rates on non-resident external accounts and foreign currency non-resident accounts scheme for dollar, pound and euro deposits effective February ... More MERGERS & ACQUISITIONS State Bank to pay $8 million for stake in Mauritius bank STATE Bank of India will pay $8 million (around Rs 35 crore) for the acquisition of a 51 per cent stake in the Mauritius-based Indian Ocean International Bank Ltd (IOIB). Post acquisition, IOIB will become a subsidiary of SBI. SBI also plans ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment The Yuan Revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Jan. 30-Feb. 5 Forex reserves rise by $51 million Basel II norms - a tough call for PSBs PSBs resist Govt demand for higher dividend Indian Bank Q3 net falls on provisions |
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