The Hindu Business Line : Saturday, December 10, 2005

Indian banking sector: Is it on the right track?
A decade after the Narasimham report was published and in the light of new challenges from the norms laid down by the WTO and Basel II, it is imperative to have a close look at the performance of banks in the last decade or so to assess the success o f the reform process. More

FOREX

Forex reserves rise $921 m
THE country's foreign exchange reserves saw an increase of $921 million for the week ended December 2, due to currency revaluation and dollar inflows into the equity markets. According to Reserve Bank of India's Weekly Statistical Supplement, ... More

Rupee firms up; gilts lacklustre
MUMBAI: The rupee appreciated slightly against the dollar on Friday in tandem with the gains made by the euro. The domestic currency opened at 46.16 and touched an intra-day high of 46.12. It then dipped to close at 46.20/21, up from ... More

NBFCS

RBF Nidhi to pay 5th instalment to depositors
THE board of directors of RBF Nidhi Ltd has decided to pay the fifth instalment of 5 per cent to its depositors. This will involve a payment of Rs 22.07 crore consisting of 1.42 lakh cases, according to a press release from RBF Nidhi, which is ... More

HOUSING FINANCE

HDFC favours `loan-to-value' risk weights
HDFC favours `loan-to-value'-based risk weights on home loans, its Executive Director, Ms Renu Sud Karnad, told a press conference today. The Reserve Bank of India has raised the risk weight on home loans from 50 per cent to 75 per cent, which ... More

Opt for floating rates on home loans: Canara Bank
CANARA Bank is persuading housing loan customers to opt for floating rates instead of fixed rates. Speaking to reporters after launching the bank's housing loan festival, the Chairman and Managing Director, Mr M.B.N. Rao, said: "We are not ... More

GENERAL INSURANCE

IFFCO-Tokio plans to infuse Rs 120-cr capital
IFFCO Tokio General Insurance Co plans to infuse fresh capital of Rs 100-120 crore, in line with a major growth in its business. The company, which reported a 53 per cent increase in premium revenues in March 2005, has targeted an income of Rs ... More

Health insurance scheme: Karnataka CM seeks grant from Gates Foundation
THE Karnataka Chief Minister, Mr N. Dharam Singh, sought assistance from the Bill and Melinda Gates Foundation to expand the low-cost health insurance scheme, Yeshasvini. Commending the foundation for its grants to India for AIDS prevention and ... More

PRIVATE BANKS

Response to public issue satisfies ICICI Bank
ICICI Bank, which has fixed the price of its domestic issue at Rs 525 a share, has drawn a "satisfactory" level of retail subscription, Mr K.V. Kamath, MD & CEO, remarked here today. The views of the ICICI Bank brass may be seen in the context .. More

ICICI Bank in talks with corporates to tap rural markets
ICICI Bank has begun talks with several large corporate houses to fund their forays into the rural sector. The bank, which has identified a number of financing opportunities in the rural markets, intends to cater to a wide range of ... More

ICICI Bank pilot project in Guntur dist
AS part of its thrust in rural India and providing banking facilities in areas where setting up branches is not viable, ICICI Bank has taken up a pilot project in Guntur district of Andhra Pradesh whereby multiple channels - such as the bank's ... More

PUBLIC SECTOR BANKS

Canara Bank in pact with Dakshina Kannada milk co-op
THE Mangalore Circle of Canara Bank has entered into an agreement with the Dakshina Kannada Cooperative Milk Producers' Union Ltd to sanction dairy loans to the members of the union at an interest rate of eight per cent. Addressing presspersons ... More

BoB extending loan festival
THIRUVANANTHAPURAM: In view of the enthusiastic response from customers, Bank of Baroda (BoB) has decided to extend the traders' loan festival up to December 31. According to Mr G.G. Joshi, General Manager, South Zone, the festival has ... More

FOREIGN BANKS

ABN Amro salutes `earth heroes'
Another proposal is to focus on the protection of the dispersed areas and corridors around the sanctuary. Dispersing of the lions is happening due to the increase in the number of cattle, which enter the sanctuary for grazing. More

INTEREST RATES

NPA recovery will benefit all: Mid-year review
FASTER recovery of non-performing assets (NPAs) and improved efficiency in banking system could help banks in offering remunerative rates for savers and more attractive rates to borrowers, the Government has said in its mid-year review of the ... More

REGULATORY BODIES & RULINGS

IRDA plans third-party risk pool for motor insurance
Premiums collected as third-party risk cover would be credited to the pool. All claims would be administered from the pool. More

TRADE & LABOUR UNIONS

BEFI call on WTO Ministerial
THIRUVANANTHAPURAM: The All-India President of the Bank Employees Federation of India (BEFI), Mr P. Sadasivan Pillai, has called on the bank employees to make a success of the protest day on Monday (December 12) to coincide with the WTO ... More

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