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Monday, October 17, 2005
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MONEY & BANKING

INVESTMENT BANKING


SBI Caps to tap rural biz through parent's network
SBI Capital Markets Ltd (SBI Caps) plans to expand stock broking services to the rural regions. Speaking to reporters here, Mr K. Ashok Kini, SBI's Managing Director, said that SBI Caps hoped to open at least 40 branches by next March. Mr ... More

OVERSEAS BORROWINGS


Infrastructure funding: Banks too may tap ECBs
THE next big liberalisation of the policy on external commercial borrowings (ECB) is likely to provide a major boost to infrastructure financing. The Government and the Reserve Bank of India are working on a plan to permit a number of new ... More

GENERAL INSURANCE


AP CM stresses on promoting health insurance
Dr Reddy said though health insurance is prevalent in most of the developed countries, it is yet to take off adequately in India. More

Medical insurance for Kerala Govt employees
THIRUVANANTHAPURAM: The Finance Minister, Mr Vakkom Purushothaman, has said that the State Government is actively considering a medical insurance scheme for employees. The Minister said this while addressing a function to mark the ... More

PRIVATE BANKS


ICICI Bank's Coonoor arm
COIMBATORE: ICICI Bank has established its first branch and ATM in the hill town of Nilgiris at Coonoor. According to a release, the branch would function between 9 a.m. and 5.30 p.m. during weekdays and up to 1.30 p.m. on Saturday. It ... More

PUBLIC SECTOR BANKS


Banks' CD ratio crosses 60 pc in Kerala
THE credit-deposit ratio of commercial banks in Kerala stood at 61.25 per cent in the first quarter of the current year. The State Level Bankers Committee, which reviewed the performance of the bank in the first quarter here, however, expressed ... More

INTEREST RATES


SBT cuts loan rates for festive season
STATE Bank of Travancore is offering reduced rates of interest on housing and car loans for the festival season. The reduced rates will be for loans sanctioned up to October 31, according to a statement from the bank. Housing loans ... More

GOVT BONDS


Bonds get little support from life insurers
BONDS remained weak last week in the absence of buyers as inflationary worries dampened market sentiment. What ensured that bond yields remained firm was the large-scale exit by foreign institutional investors from the equity markets and ... More

TRENDS


RailTel seeks green signal for ATMs at stations
RailTel, a Rail Ministry PSU, will provide the network for the ATM kiosks while space will be given by the Rail Ministry. More

NEW PRODUCTS & SERVICES


CanBank launches scheme for artisans
CANARA Bank has launched `Cantools' a new finance scheme intended to help artisans and self-employed people acquire power tools. Launching the scheme in the city, Mr B. Swaminathan, Executive Director, Canara Bank pointed out that `Cantools' ... More



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Looking back
Oct. 9-Oct. 15
European Central Bank likely to raise interest rate by 25 basis points

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UTI Bank net rises to Rs 109 cr in second quarter


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