The Hindu Business Line : Wednesday, March 09, 2005

Andhra Bank CMD awarded
HYDERABAD: THE Chairman and Managing Director of Andhra Bank, Mr T.S. Narayanasami, has received the `Telugu Velugu Pride of India' award for 2004 here on Tuesday. The awards, instituted by the Andhra Pradesh Kalavedika, were given away ... More

INSIGHT

Bonds rally despite good US payroll
Despite the data beating expectations, the bond market, which normally would have fallen, anticipating a more aggressive interest rate policy from the Federal Reserve, rose strongly. More

NBFCS

TVS Finance plans to hike capital
TVS Finance and Services Ltd has announced that it intends to raise its authorised capital from Rs 74 crore to Rs 115 crore. The company has called for an extraordinary general meeting on March 28 to seek shareholders' approval for the ... More

GENERAL INSURANCE

Insurers feel the heat of `fire' claims
HYUNDAI Motor India Ltd has slapped a claim for Rs 10 crore on United India Insurance Company against cover for the loss on account of a fire at its plant on February 2. Fire broke out at the car manufacturer's paint shop and resulted in loss ... More

PRIVATE BANKS

Karnataka Bank opens 3 ATMs
MANGALORE: In its endeavour to expand ATM network in the country, Karnataka Bank Ltd opened three ATMs at Minerva Circle and Sahakaranagar in Bangalore and Santacruz (West) in Mumbai recently. Now Karnataka Bank has 15 ATMs in the ... More

INTEREST RATES

Reality check on interest rates
Almost 20 per cent of home loan accounts with SCBs were charged less than 10 per cent per annum even two years ago. More

MERGERS & ACQUISITIONS

Ailing IIBI may be merged with IDBI next fiscal
WHILE the Government continues to dither over the roadmap for IFCI, the fate of another ailing financial institution - the Industrial Investment Bank of India (IIBI) - is now sealed. The Ministry of Finance has taken a decision that ... More

TRENDS

It's advantage corporates on bank deposit arbitrage
Corporates, for their part, have been quick to seize the opportunity to mint arbitrage money. More

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