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Monday, March 24, 2003

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BANKING


Dakshina Kannada banks register Rs 7,238-cr business
THE 331 branches of all the banks operating in the Dakshina Kannada district of Karnataka have registered a total business of over Rs 7,238 crore as of December 2002. Total deposits of the banks stood at Rs 4,963.46 crore and advances at Rs ... More

GENERAL INSURANCE


Panel for immediate freeing of own-damage segment — Motor insurance tariffs in for changes
THE free market forces are set to win a battle of a different kind with yet another tariff bastion - the motor insurance business - likely to crumble under its impact. In its draft report on detariffing on motor insurance, the Justice T ... More

Royal Sundaram opens new branch
CHENNAI: Royal Sundaram, the Chennai-based private general insurer has announced the launch of its second city branch in Nungambakkam in Chennai city on Friday. The company has proposed to launch more branches across Tamil Nadu, in an ... More

PUBLIC SECTOR BANKS


Syndicate Bank projects credit outlay of Rs 951 cr
Under the primary sector, crop loans aggregate Rs 113.87 crore. Under term loans, minor irrigation, land development, farm mechanisation, plantation and horticulture and allied activities have been given priority. More

GOVT BONDS


Bonds may rise further in April
On earlier occasions, all liquidity shortfalls were smoothened by the surging forex reserves of the central bank. Given the recent slowdown in dollar inflows, we might actually see a CRR cut in the first week of April. A Bank rate cut in the April mo netary policy looks almost certain. More

Markets worried over US war borrowings' impact
Traders said that it was the intervention of the insurance companies, especially the Life Insurance Corporation, at low levels that pushed yields down to 6.35 per cent. More

NON-PERFORMING ASSETS


Lok Adalats to deal with Andhra Bank NPAs
Following the request of Andhra Bank, the City Legal Services Authority, City Civil Court, has constituted four benches of Lok Adalat on Saturday exclusively to take up Andhra Bank matters of Hyderabad zone. More

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    In Focus
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    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
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