The Hindu Business Line : Friday, June 13, 2008

FARM CREDIT
Loan waiver to lift banks’ bottomline
Bangalore, June 12 Public sector bank bottom lines are expected to receive a boost this year as a result of the Union finance ministry’s farm loan waiver scheme.Banking sources said that the scheme would help neutralise the ... More

Farm loans: BoB officers on field
Bank of Baroda will be offering debt relief of around Rs 1,000 crore to 4.47 lakh marginal and small farmers and Rs 200 crore rebate to 1.16 lakh farmers (by way of One Time Settlement) under the Agricultural Debt Waiver and Debt Relief Scheme ... More

INSIGHT
Banking towards best practices
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INSURANCE
New IRDA chief for thrust on rural, health insurance
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SOFTWARE
YES Bank to use Daptiv tool
Coimbatore, June 12 YES Bank has picked Daptiv collaborative work management software to manage work across its business.Daptiv PPM (on-demand project management system) is expected to assist the bank monitor project status and ... More

LIFE INSURANCE
Bajaj Allianz Life to beef up capital base
Marketing tie-up with Thomas Cook More

RBI & OTHER CENTRAL BANKS
Linking under-banked areas
A discussion paper put out by a Technical group of the Department of Payment and Settlement Systems of the Reserve Bank of India has recommended financial incentives to increase the use of satellite connectivity in facilitating penetration of ... More

PRIVATE BANKS
South Indian Bank, DSP Merrill join hands
New Delhi, June 12 DSP Merrill Lynch Fund Managers and South Indian Bank on Thursday have announced a strategic partnership for distribution of products. South Indian Bank will now distribute DSP Merrill Lynch Mutual Fund schemes ... More

PUBLIC SECTOR BANKS
Canara Bank to seek shareholders’ nod to raise capital
New Delhi, June 12 Canara Bank will seek shareholders’ nod on June 18 to raise capital to fund its expansion plans and business growth. The bank will go for an enabling resolution at its forthcoming general body meeting to give ... More

FINANCIAL INSTITUTIONS
IFCI board allows LIC to pare stake
New Delhi, June 12 The IFCI board on Thursday gave its nod for Life Insurance Corporation (LIC) to align its stake in the non-banking finance company to 8.39 per cent, which is nearly 3 per cent lower than its current holding in IFCI. ... More

INTEREST RATES
No immediate spike seen in interest rates
Kolkata, June 12 The 25 basis points hike in repo rate announced by the Reserve Bank of India on Wednesday evoked mixed reactions among senior bank officials at Kolkata-based banks. Mr T.M. Bhasin, Executive Director, United Bank of ... More

CREDIT CARDS & DEBIT CARDS
Retailers to adopt new payment tech at point of sale
Bangalore, June 12 Cashing in on the increased usage of plastic money, Indian retail players are expected to adopt new technology solutions for customer payment transactions. Management research and consulting firm Zinnov estimates that ... More

OVERSEAS INVESTMENTS
PNB gets nod for 51% stake in Bhutan venture
New Delhi, Jun 12 After its successful foray into Nepal, Punjab National Bank is now looking at a 51-per cent stake in a banking joint venture in Bhutan, for which it has now received the nod of the Reserve Bank of India. “We ... More

EVENTS
Financial heads
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