MONEY & BANKING
FARM CREDIT
Banks aggressive on rural portfolio
Wider coverage, better recovery rate make lending attractive
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REGIONAL RURAL BANKS
Karnataka Vikas Bank to focus on agri, SME sectors
The Dharwad-headquartered Karnataka Vikas Grameena Bank is planning to give more thrust on agriculture and SMEs (small and medium enterprises) sectors for credit disbursement during the current financial year. The bank — which has ...
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GENERAL INSURANCE
ICICI Lombard eyes Rs 100-cr biz in Kerala
By concentrating on more retail insurance business, ICICI Lombard General Insurance Company is aiming to achieve Rs 100 crore business in Kerala this year. "We are entering in the retail insurance sector in the State in a big way by branching ...
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DEBT MARKET
Inflation concerns, FIIs' pullout dampen bonds
Insurers continue to keep away; volumes low
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PUBLIC SECTOR BANKS
BoI to lend Rs 200 cr to Kakinada SEZ
Lending to special economic zones and infrastructure projects in the country is one of the thrust areas of the Bank of India and it is lending Rs 200 crore to the SEZ coming up at Kakinada, according to Mr P.R. Kalyana Raman, the General Manager ...
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FIXED DEPOSITS
Hike FCNR, NRE deposit rates
Karur-based banks - Karur Vysya Bank and Lakshmi Vilas Bank - have hiked the interest rate on the NRE and FCNR (B) term deposits from June 1. Both banks have effected a uniform rate hike on the NRE term deposit to ...
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Cross Currency Rates
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