Financial Daily from THE HINDU group of publications
Friday, January 06, 2006
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Financial Daily from THE HINDU group of publications Friday, January 06, 2006 |
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MONEY & BANKING REGIONAL RURAL BANKS Nabard okays Rs 462 cr to RRBs in Kerala THIRUVANANTHAPURAM: THE National Bank for Agriculture and Rural Development (Nabard) has sanctioned short-term refinance assistance of Rs 462.51 crore to the two regional rural banks (RRBs) operating in Kerala for 2005-06. The South ... More FOREX Rupee starts year on positive note Barring the first trading day, the last three sessions have seen the currency gaining against the US dollar. The rupee has strengthened by over 35 paise against the dollar in the past three days backed by strong FII inflows into the equity ... More
Rupee strengthens; long-papers rise NBFCS Global Trade Finance hopes to become a bank; IPO in the offing EXIM Bank of India-promoted Global Trade Finance Pvt Ltd (GTF) hopes to convert into a bank, but not in the near future. "That is our ultimate objective," Mr Arvind Sonmale, Managing Director and Chief Executive Officer, told Business Line ... More PRIVATE BANKS 
UTI Bank may raise up to $1 b via MTNsUTI Bank may raise up to $1 billion through medium term notes (MTNs) to fund its global operations, said Dr P.J. Nayak, Chairman and Managing Director. The bank will open its Singapore branch by February, after which it will start the MTN ... More
Karnataka Bank's 59th ATM PUBLIC SECTOR BANKS BoI gets line of credit from JBIC BANK of India has secured a line of credit from Japan Bank for International Cooperation (JBIC) for onlending yen-denominated credit to Indian importers, Mr M. Balachandran, Chairman and Managing Director of BoI, said here today. "There has ... More FINANCIAL INSTITUTIONS 
Bangalore turbines co gets Rs 2.6-cr funding from IFCTHE International Finance Corporation (IFC), the World Bank's private sector financing arm, has picked up a stake in Turbo Tech Precision Engineering Pvt Ltd through a private equity deal. Speaking to newspersons here on Thursday, IFC's Chief ... More
IFC keen to invest in insurance sector GOVT BONDS Finance Ministry urged to reconsider oil bond structure THE Petroleum Ministry has asked the Finance Ministry to re-examine the Rs 5,750-crore oil bond structure proposed by it. The Government had in December 2005 taken Parliamentary approval, in the second batch of supplementary demands, for grants ... More
Govt stock sale FIXED DEPOSITS 
Karnataka Bank rises NRE deposit ratesKARNATAKA Bank Ltd has revised interest rates on FCNR(B) deposits with effect from January 4. According to a press release here on Wednesday, the bank has increased interest rates on NRE deposit scheme with effect from January 1. ... More
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