MONEY & BANKING
REGIONAL RURAL BANKS
SBM rural banks merger okayed
The two regional rural banks functioning under the State Bank of Mysore — Cauvery Grameena and Kalpathru Grameena banks — merger has come through with the Government of India formally notifying the merger, according ...
More
FOREX
Rupee steady against dollar
The rupee was steady against the dollar on Thursday and traded in a narrow range due to lack of any buying or selling interest. Towards the close of trade, some corporates were seen buying dollars, which pushed the rupee lower to ...
More
Cell majors working on NRI fund transfers via SMS
Philippines model under study; proposal discussed with Govt
More
NBFCS
AP Tourism Fin licence cancelled
The Reserve Bank of India (RBI) has on Thursday announced that it has cancelled the certificate of registration granted to Andhra Pradesh Tourism Finance Ltd for carrying on the business of a non-banking financial institution as the company has ...
More
HOUSING FINANCE
Property prices to fall soon: HDFC chief
Property prices in the country will drop in the next three to six months and home loan growth will slow down, Mr Deepak S. Parekh, Chairman, HDFC, has said. "Property prices have already dropped by 20 per cent in places such as Noida. In the ...
More
LIFE INSURANCE
LIC Ernakulam division aims for Rs 1,000-cr first premium
Division stands first in number of new policies sold
More
HDFC Standard Life looks for break-even by mid-2007
Targets more business via bancassurance route, ties up with Bank of Baroda
More
`Zindagi Exp' coming to Ernakulam
LIC's Zindagi Express, a unique exhibition on wheels focussing LIC's success story, achievements and highlights and history of insurance in India, will arrive at Ernakulam Junction on Saturday for a two days stop over. Free diabetic check up, ...
More
Aviva Life hikes capital base
Aviva Life Insurance has today announced an increase in its capital base by Rs 100 crore, taking the total paid-up capital to Rs 559 crore from the current Rs 459 crore. As per Government regulations, Aviva holds a 26 per cent stake and Dabur ...
More
GENERAL INSURANCE
Oriental taps global reinsurance market
Support on Fac Re basis; focus on aviation sector
More
Vijaya Bank ties up with National Insurance
Health cum accident cover for customers
More
PRIVATE BANKS
IDBI opens Andheri branch
IDBI Ltd on Thursday opened its third branch in Andheri. Mr O.V. Bundellu, Managing Director, IDBI, inaugurated the branch, said a press release from the bank. The branch is located at New Link Road, Andheri (West). The release ...
More
PUBLIC SECTOR BANKS
State Bank of Mysore may enter market by fiscal-end
Awaiting amendment of SBI Subsidiary Banks Act
More
Vijaya Bank all set for overseas foray
Decline in margins weighs on profits
More
GOVT BONDS
Bond prices volatile
The bond market opened weaker by about 20 paise on overnight declines in US treasury prices. However, prices went up in the last hour as there was buying. The 10-year benchmark paper saw a 30 paise movement. The 7.59 per cent-10 ...
More
SHORT TERM INSTRUMENTS
Call rates steady
Call rates remained steady at 5.75-5.85 (5.75 - 5.85 per cent). In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 26 bids amounting to Rs 25,810 crore and 34 bids amounting to Rs ...
More
CREDIT CARDS & DEBIT CARDS
`Cash back' offer on SBI debit cards
The State Bank of India (SBI) has launched `Cash Back on ATM Debit Cards' from June 16 to July 15 in Ernakulam. Launching the offer here on Thursday, the SBI Deputy General Manager, Mr S. Chandramouli, said that an SB ATM cardholder using his ...
More
TRADE & LABOUR UNIONS
Call for bank strike on August 1
The All India Bank Employees' Association (AIBEA) has called for a bank strike on August 1. The association has demanded the withdrawal of the RBI circular on outsourcing of banking services and clearing operations, filling up ...
More
EVENTS
ICFAI Kochi to host seminar
ICFAI Kochi is organising a seminar on `Emerging Trends in Finance and Management in a competitive world' on Saturday, June 17. Corporate funding is changing from domestic to multi-currency funding, financial control is changing ...
More
CO-OPERATIVES
RBI cancels bank licence
The Reserve Bank has cancelled the licence of Shriram Sahakari Bank Ltd, Nashik, Maharashtra, with effect from June 13. It RBI has asked the Registrar of Co-operative Societies, Maharashtra, to issue an order for winding up the ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds