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Thursday, October 13, 2005
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INSIGHT


Best practices for micro-finance, please
The general literature on micro-finance leaves the impression that there are no best practices in place as yet but that a consensus is developing in this direction. Even as the best practices for MFIs/MCIs are laid down, as in the case of other fin ancial institutions and sectors, can one consider what may be called `sound' practices that would be consistent with the spirit of dynamism associated with micro-finance, wonders A. Vasudevan. More

FINANCIAL PERFORMANCE


IL&FS profit up 158 pc
IL&FS has posted 158 per cent growth in non-consolidated net profit for the quarter ending September 30, 2005, said a company release. Net profit stood at Rs 17.38 crore, compared to Rs 6.7 crore for the same quarter last year. Total revenue ... More

HOUSING FINANCE


Syndicate Bank to launch rural housing scheme for women
THE Karwar regional office of Syndicate Bank will launch `Synd Kuteera' - a rural housing scheme for women belonging to the BPL (below poverty line) category - at Murdeshwar in Uttara Kannada district on October 15. A press release by ... More

GENERAL INSURANCE


Risk-based premium for crop insurance on the cards
THE premium for crop insurance in India could soon be customised to the risk profile of the crop, region and the affordability of the farmer. The Agriculture Insurance Company of India, (AIC) is preparing for a gradual shift to the actuarial ... More

Rising health claims force insurers' rethink on TPAs
BARELY three years after third party administrators (TPAs) came into the health insurance sector, insurance companies are of the opinion that the experiment may be backfiring with health claims showing steep and unprecedented annual increase ... More

FOREIGN BANKS


Citi grant to Micro Entrepreneur Award
CITIGROUP has announced a grant of $2,00,000 towards Micro Entrepreneur Awards 2005 in India. In partnership with the United Nations Development Programme, these awards were instituted last year to recognise and honour best individual micro ... More

CREDIT MARKET


To meet credit demand growing at over 33 pc — Banks find CBLO route attractive
A CBLO is a money market instrument for borrowing against securities, held in custody by the Clearing Corporation of India Ltd (CCIL) for the amount lent. The lender has a charge on the securities till such time the repayment of the dues. More

E-GOVERNANCE


GAIL shifts from cheques to e-payment
The Central Vigilance Commissioner has noticed the GAIL experiment with 100 per cent e-payments along with its obvious advantage of transparency. The CVC has now held this as a model for other PSUs to follow. More



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