The Hindu Business Line : Monday, April 11, 2005

SBI to provide loan for jatropha cultivation in TN
STATE Bank of India (SBI) has entered into an agreement with D1 Mohan Bio Oils Ltd to promote contract farming of jatropha for bio-diesel production. SBI's Chennai Local Head Office and D1 Mohan Bio Oils, a joint venture between Mohan Breweries ... More

INSIGHT

Economic consequences of Mr Wolfowitz
IT WAS an unapologetic political statement made by the US President, Mr George Bush, on March 16 when he announced the nomination of Mr Paul Wolfowitz as President of the World Bank. There were reports that he had ... More

Central banks' impotence presages weaker dollar
With central bankers no longer as powerful as they once were, the dollar will remain weak. They won the war against price stability and now they are fighting to defend, if not fuel, asset price inflation, because they fear the consequences of ending it, says V. Anantha Nageswaran. More

DEBT MARKET

Floater ruled out for next auction
Given the past market response to floating rate issues and its subsequent illiquidity, I think the central bank will wait for the committee's report before issuing fresh floaters. More

HUMAN RESOURCES

`Banking & finance jobs most sought after by B-school graduates'
BANKING and finance and IT have emerged as the two most sought-after sectors by students passing out of the country's leading B-schools covered under the Eco Pulse (AEP) study conducted by the Associated Chambers of Commerce and Industry ... More

PRIVATE BANKS

Pvt bankers see rich harvest in agri credit
Analysts say that the UPA Government's thrust on increasing credit to agriculture has opened up new business avenues for banks. More

FINANCIAL INSTITUTIONS

IDFC likely to get $50 m from IFC
INFRASTRUCTURE Development Finance Company (IDFC) is likely to get a $50-million (around Rs 225 crore) loan from International Finance Corporation (IFC). The 10-year loan is intended to strengthen IDFC's ability to fund infrastructure ... More

CORPORATE BONDS

SIDBI relaunches capital gains bonds
THE Small Industries Development Bank of India (SIDBI) is relaunching on Monday its on-tap capital gains bonds issue under Section 54 EC of Income-Tax Act, 1961 by way of private placement. The bond has been assigned a rating of `AAA' by ... More

CREDIT MARKET

Exim Bank's new credit lines may help fund takeovers
TWO new lines of credit from Exim Bank of India is expected to help Indian companies seeking investments in overseas ventures including project take-overs. The bank is to put in place the credit lines - of $25 million each - one to be ... More

TRADE & LABOUR UNIONS

Bank unions to take merger battle to people
BANK trade unions, which have been opposing the proposals of the Government on consolidation of public sector banks (PSBs) and FDI hike in private banks, are planning to approach the people and political leaders in their second phase of ... More

`Trade unions should play leading role in development of banks'
TRADE unions should play a leading role in the development of the banks, Mr C.H. Venkatachalam, General Secretary of the All India Bank Employees' Association, said. He was speaking at a function to inaugurate the new building of Karnataka Bank ... More

EVENTS

`Integrity of financial institutions matters more'
THE Chairman and Chief Executive Officer of Karnataka Bank Ltd, Mr Anantakrishna, has said that the integrity of the financial institutions only will help strengthen the economy. Participating in the 21st conference of the Karnataka Bank ... More

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