The Hindu Business Line : Tuesday, November 21, 2006

REGIONAL RURAL BANKS
Kalpataru gets best regional rural bank award
Kalpataru Grameena Bank has been adjudged the Best Regional Rural Bank for the year 2005-06. The bank, which was merged with the Mysore based Cauvery Grameena Bank early this year, has won the honour among the RRBs sponsored by State Bank of ... More

INSIGHT
Not-so-creditable on microfinance
There is a need to evolve uniform regulations and a single regulatory body for the microfinance sector and legislate so as to end all confusions. More

FOREX
Rupee weakens by 7 paise
The rupee weakened by almost 7 paise on Monday on oil-related dollar buying by nationalised banks. The home currency opened at 45.82 and closed at 44.98 against the previous close of 44.91. "When the rupee reached the levels of ... More

NBFCS
Shriram City to raise Rs 192 cr
Shriram City Union Finance will raise Rs 192 crore by issuing 1,20,000 shares to three private equity (PE) funds, the company has said in a notification to the stock exchanges today. The PE funds are - Indopark Holdings Ltd, ... More

LIFE INSURANCE
Birla Sun Life targeting Rs 1,000-cr premium income
Birla Sun Life Insurance has set a target of Rs 1,000 crore in new business premium by the fiscal-end. The company received Rs 600 crore in new business premium last year. The insurance company hoped to accelerate the growth in premium, which ... More

Bajaj Allianz Life lines up slew of new products
To focus on broad-based health-oriented insurance More

LIC North Zone meets target
Life Insurance Corporation of India's North Zone completed its annual total first premium income (FPI) target on November 15 by bringing in a total FPI of Rs 4,478.28 crore, posting a growth rate of 193 per cent. According to a statement issued ... More

PRIVATE BANKS
Aga Khan Fund to dilute DCB stake
The Mumbai-based Development Credit Bank will issue equity shares up to Rs 225 crore to qualified institutional buyers (QIB). This may lead to a dilution of promoter Aga Khan Fund for Economic Development's stake from 29.8 per cent to below 26 ... More

PUBLIC SECTOR BANKS
Allahabad Bank: On fundamentals
The Allahabad Bank stock, which closed at Rs 92.40 on the NSE on Monday, is being tracked for what some sections believe are the bank's improving fundamentals. Its deposit mobilisation, for instance, is expected to grow by 20 per cent over fiscal ... More

GOVT BONDS
Bond prices up; volumes rise
Bond prices increased on good trading volumes and tracking the US treasury yields, which were down 5 basis points. The total traded volume on the order matching system was higher at Rs 8,045 crore (Rs 3,830 crore). Dealers ... More

CREDIT MARKET
UBI holds interface programme
United Bank of India held an interface programme with NGOs on Sunday, the objective being to increase the existing credit exposure of the bank and assist the target agencies to expand their activities, said a Press release. The ... More

Bank of India to lend more to small units
Bank of India is striving to enhance its credit exposure to the SME segment to Rs 1,000 crore this fiscal. Since April, it has formulated and implemented 25 cluster schemes, financed about 27,000 new accounts and sanctioned to the tune of Rs ... More

SHORT TERM INSTRUMENTS
Call rates lower
Call rates ruled between 6.9 per cent and 7 per cent against 7.1 and 7.2 per cent on Friday. In the first one-day reverse-repo auction and repo auction under LAF, the RBI did not receive nor accept any bid. In the second one-day ... More

TRADE & LABOUR UNIONS
RBI staff to take part in strike on Dec 14
The Reserve Bank of India employees all over the country will participate in the nationwide strike called by central trade unions on December 14, according to Mr Samir Ghosh, General Secretary of All India Reserve Bank Employees' Association ... More

EVENTS
Doha Bank to hold investor meet
In order to provide insight into the existing business opportunities available in the various fields such as tourism, IT and industry in Doha and India, the Doha Bank is organising an investor meet in Kochi on November 21. The ... More