Financial Daily from THE HINDU group of publications
Tuesday, December 23, 2003
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Financial Daily from THE HINDU group of publications Tuesday, December 23, 2003 |
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MONEY & BANKING FARM CREDIT Banks reluctant to grant loans to tea growers Most of the banks in Kerala, both nationalised and private sector, do not grant fresh advances to the tea growers due to continuous default in repayment. More REGIONAL RURAL BANKS 
RRBs apprehensive of lending rate cutsWHILE commercial banks are willing to drop lending rates to 8 per cent on loans to small and marginal farmers, self-help groups (SHGs) and priority sector areas in Andhra Pradesh, a majority of Regional Rural Banks (RRBs) have expressed the fear ... More PENSION PLANS Principal Fin plans foray into pensions THE Principal Financial group, one of the largest retirement fund managers in the US, is readying to foray into pension fund management in India. They are awaiting the guidelines for private Pension Fund Managers being formulated by the newly ... More FOREX Rupee down 5 paise; gilts range-bound MUMBAI: The rupee lost over five paise on Monday to end at 45.5625/5725 against the dollar as compared to its previous close of 45.51/52. The domestic unit opened at 45.50/51, touched an intra-day high of 45.4850, and an intra-day low of ... More INFORMATION TECHNOLOGY Corpn Bank, IndusInd to share ATMs MANGALORE: Corporation Bank and IndusInd Bank Ltd have signed an agreement facilitating mutual sharing of their ATM network. A bank release here stated that such tie-ups increase the convenience of the customers and facilitate sharing ... More STOCKS Bank stocks gain on M&A talk THE bank stocks, both private and public sector, were back in flavour on Monday with volume in most of the stocks rising sharply. There were several factors for the interest in the bank stocks. Brokers said in the current rally bank stocks did ... More HOUSING FINANCE 
`Proactive step against delinquencies' — Union Bank hikes housing loan rates by half pointUNION Bank of India on Monday announced a 50 basis points increase in its housing loans of all maturities. The announcement assumes significance as it comes close on the heels of the RBI officials warning banks against `cutting corners in ... More LIFE INSURANCE Allianz Bajaj, ICICI PruLife hike capital TWO leading private life insurance players, Allianz Bajaj Life Insurance and ICICI Prudential Life Insurance today augmented their respective capital bases by the infusion of additional funds. Allianz Bajaj Life Insurance Company today injected ... More PUBLIC SECTOR BANKS Union Bank cuts lending rates for agri, small sectors UNION Bank of India has lowered interest rates on agriculture and SSI advances by 25-225 basis points depending on the quantum of advances, effective January 1, 2004. "There is a general feeling that corporates are subsidised by agriculture and ... More
Indian Bank to finance vanilla cultivation INTEREST RATES PNB fixes benchmark PLR at 10.75 per cent PUNJAB National Bank (PNB) has fixed its benchmark prime lending rate (BPLR) at 10.75 per cent per annum. This will be 0.25 per cent lower than the existing PLR of 11 per cent. The BPLR will take effect from January 1, 2004. BPLR will be the ... More FIXED DEPOSITS 
IDBI Bank hikes deposit ratesIN what is seen as a one off move, IDBI Bank has hiked fixed deposit rates by 25 basis points across maturities, in an effort to shore up its fixed deposit base. Explaining the rationale behind a hike in deposit rates when all banks have been ... More CO-OPERATIVES Prudential depositors' plea HYDERABAD: The depositors of Prudential Co-operative Bank on Monday appealed to the Home Minister, Mr T. Devender Goud, to take measures to revive the bank taking a cue from Gujarat-based Madhavapur Co-Operative Bank. "The Home ... More PEOPLE 
United Western Bank Chairman reappointedMUMBAI: Mr Satish Marathe, Chairman & CEO of United Western Bank has been re-appointed for a term of three years from December 31. Following RBI approval,the board of the Satara-based bank okayed the reappointment last week, said a ... More NEW PRODUCTS & SERVICES Citibank, Reliance launch mobile bill payment facility CITIBANK and Reliance Infocomm on Monday launched the RIM-Bill Payment service, allowing mobile subscribers to make direct payment of the Reliance India Mobile bills through their handsets. The facility is being offered as a free service to ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
 Mid-Term Monetary and Credit Policy for the year 2003-2004 Pick a Winner Stock Market Contest
Top Stories In Focus Stocks: Dizzying Heights Steel Industry in 2003 Outsourcing backlash Stamp paper scam Housing finance scenario Insurance Round-up — 2003 Organic farming The Cable tangle Telecom Competition Oil PSUs: Disinvestment dilemma Rising intolerance (The Hindu) Vaishnavaite Temples in Tamil Nadu (The Hindu) Saivite Temples in Tamil Nadu (The Hindu) In Depth Insurance Corner Swati CA Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Iraq Diary Looking back Dec. 14-Dec. 20 `India largest recipient of remittances in Third World' ECGC in talks with two PSU banks for bancassurance Forex reserves jump $1.45 b RBI trying to square a circle Govt buyback of equity from banks likely after Budget Will the rupee maintain upward trend? |
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