Financial Daily from THE HINDU group of publications
Friday, November 18, 2005
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Financial Daily from THE HINDU group of publications Friday, November 18, 2005 |
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MONEY & BANKING FARM CREDIT Canara Bank Mangalore Circle plans farmers' club THE Founder's Circle of Canara Bank here is planning to form a farmers' club in every rural and semi-urban branch during the current fiscal to mark its centenary year. In addition to this, the circle wants to cross the 30 per cent growth ... More FINANCIAL SERVICES Reuters to invest $4 m in India MUMBAI: Reuters would invest some $4 million (Rs 18 crore) in India in 2006 to enhance its financial products as part of its five-year India growth plan. As a part of this initiative, Reuters has launched new products for Indian markets ... More FOREX Rupee edges up; bonds recover MUMBAI: The rupee was marginally up against the US dollar on Thursday on rumours of a revaluation of the Chinese yuan and on a strong equity market. The Indian currency opened at 45.76 and closed at 45.74/75 against Wednesday's close of ... More SOFTWARE SumTotal tool for UK bank HYDERABAD: SumTotal Systems has announced that the UK bank, Lloyds TSB, has deployed the SumTotal Enterprise Suite that aligns learning and performance goals with the company's business goals. Lloyds TSB is using the SumTotal Enterprise ... More PRIVATE BANKS Lord Krishna Bank IPO next fiscal IN order to take care of its incremental business and increase its capital base and net worth, Lord Krishna Bank is planning an IPO next financial year. The move comes in the wake of an absence of a consensus on valuations and calling off its ... More
Catholic Syrian keen to retain identity
PUBLIC SECTOR BANKS SBI officers plan strike THE State Bank of India Officers Association has threatened to go on a nation-wide strike on December 15, `against the management's neglect of their just and genuine demands', a press release from the association has said. ... More FINANCIAL INSTITUTIONS Payment corporation to be set up by January 1 THE banks-owned company for undertaking payment and settlement system in the country will be incorporated by January 1. The core group set up by Indian Banks' Association to work out the details of the formation of the new entity met on ... More FIXED DEPOSITS RBI increases cap on NRE deposit rates BANKS can now offer higher interest rates on repatriable Non Resident External Rupee deposits. The Reserve Bank of India hiked the interest rate cap on Non-Resident External Rupee deposits to 75 basis points over LIBOR or swap rates for the US ... More MERGERS & ACQUISITIONS PSB mergers will not involve lay-offs, VRS — Finance Ministry note sets out indicative norms The Government will not direct the merger process. Its role as a stakeholder will only be of a facilitator. More ALLIANCES & JOINT VENTURES SIDBI ties up with Federal Bank to offer SMEs loans, products SMALL Industries Development Bank of India (SIDBI) is planning to tie up with Federal Bank to offer loans and other products to small and medium enterprises in Kerala, said Mr N. Balasubramanian, Chairman and Managing Director, SIDBI. The move is ... More INTERVIEW `Domestic offer will be bigger' The CFO at ICICI Bank, Mr Vishaka Mulye, says that the domestic offering will be much larger than the international one. Excerpts from CNBC-TV18's exclusive interview with Mr Mulye: Does the $1.44 billion, which you have arrived at, include ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus FDI in retail sector Indian Aviation: Sky is the limit India Inc's bonus bonanza Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Nov. 6-Nov. 12 Insurers keen on high coupons only Differences over valuation — Federal Bank, Lord Krishna call off merger plan India, Pakistan agree to open bank branches Exporters revert to dollar invoices as euro weakens Centre allows 49 pc FDI in ARCs — To help clean up bad assets in banks Fall in currency assets pulls down forex reserves by $1 b |
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