The Hindu Business Line : Tuesday, December 06, 2005

SBBJ to hike farm lending taking corporates along
STATE Bank of Bikaner & Jaipur (SBBJ) proposes to step up farm lending in partnership with the corporate sector, according to Mr S.K. Bhattacharyya, Managing Director of the bank. "As per the government's policy, the farm sector must grow and . More

REGIONAL RURAL BANKS

Jammu Rural Bank to vend MetLife products
METLIFE India Insurance Co. Pvt. Ltd has signed a memorandum of understanding with The Jammu Rural Bank to sell its life insurance products. Under the bancassurance agreement, the bank's network of 90 branches in the districts of Jammu, Kathua, ... More

FOREX

Rupee declines; bond prices rise
MUMBAI: The rupee further depreciated against the greenback on Monday on the back of heavy dollar demand and a fall in the domestic stock market. The currency opened at 46.27/28 and touched an intra-day low of 46.39. It closed the day at ... More

`Govt, RBI tracking rupee'
THE Finance Minister, Mr P. Chidambaram, on Monday said that the Government and the Reserve Bank of India were keeping a close watch on the rupee movement. The rupee has been sliding against the dollar in recent days and closed at Rs 46.33 to ... More

LIFE INSURANCE

Bajaj Allianz Life gets Rs 60 crore capital infusion
BAJAJ Allianz Life Insurance Company has received a fresh capital infusion of Rs 60 crore, taking the total paid-up capital of the company to Rs 368 crore. According to a press release, Mr Sam Ghosh, Country Manager, Allianz and Chief ... More

RBI & OTHER CENTRAL BANKS

Banks told to be liberal with loans to flood-hit in TN
THE Reserve Bank of India has directed banks to increase the limit of consumption loans to Rs 5,000 without any collateral for the flood-affected people in Tamil Nadu. A notification issued by the central bank also said that this limit may ... More

PRIVATE BANKS

ICICI Bank's public issue subscribed 1.86 times
Maximum bids were offered at Rs 505 per share. The bank had a price band of Rs 505-545 a share for its public issue of shares through the book-building route. The bank is raising Rs 5,750 crore (including a green-shoe option of Rs 750 crore) from ... More

PUBLIC SECTOR BANKS

SBT launches special savings bank account
STATE Bank of Travancore (SBT) has launched a "no-frills" account, namely, "Special savings bank account" that aims at providing banking facilities to the masses. The account-holders under this scheme will not be eligible for ATM cards, cheque ... More

Capital restructuring must for growth: Indian Bank chief
BANKING on a 15-per cent growth in business volumes this year, Indian Bank is targeting a 30-per cent growth in profits. But this profit trajectory could not be sustained in the long run, unless the capital base of the bank were restructured, ... More

INTEREST RATES

Is multiple floor rates the remedy?
BANK chairmen and the Reserve Bank of India are in talks to rework the Benchmark Prime Lending Rate (BPLR). The RBI seemingly prefers banks (individually) to announce a single Prime Lending Rate (PLR), with lending rates for various sectors ... More

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