The Hindu Business Line : Friday, November 21, 2003

Rupee sheds 14 paise; forward premia flat
THE rupee lost another 14 paise on Thursday closing weaker at 45.77/78 against the dollar in a volatile forex market, compared to Wednesday's close at 45.64. The domestic currency has fallen by 40 paise since last Thursday at 45.38. The rupee ... More

LIFE INSURANCE

Birla Sun Life clocks 3-fold rise in premium
BIRLA Sun Life Insurance has clocked a three-fold increase in new business premium in the first half of this financial year. The company has collected an annualized premium of Rs 83.5 crore with 10 per cent single premium credit, during this ... More

Insurance scheme for handloom weavers planned
THE Government would soon announce a new insurance scheme for handloom weavers, to be managed by Life Insurance Corporation of India, which would not add any burden to the exchequer. This was stated by the Textiles Secretary, Mr S.B. ... More

RBI & OTHER CENTRAL BANKS

RBI advisory panel on financial regulation
THE Reserve Bank of India today appointed a standing advisory committee on financial regulation to strengthen the consultative process among banks, market participants and regulators. The committee consisting mainly of bankers and RBI officials ... More

PUBLIC SECTOR BANKS

Syndicate Bank to aid SHGs

INTEREST RATES

IBA group to study PLR issues
THE Indian Banks' Association (IBA) on Thursday decided to form a group to study the draft guidelines and related issues of the benchmark prime lending rate (PLR). The Management Committee of the IBA met to discuss the issue of the PLR for ... More

GOVT BONDS

Bond market sees thin volumes
MUMBAI: Bond prices remained lacklustre in an equally dull Government securities market on Thursday. Dealers said the entire market had slipped into wait-and-watch mode, as clarifications were being sought from the regulator, on the ... More

CREDIT MARKET

SHGs get more bank loans
MANGALORE: Banks in Dakshina Kannada have extended loans to more than 10,000 self-help groups (SHGs), according to the Regional Manager of Syndicate Bank, Mangalore, Mr B.K. Bhat. Addressing branch managers of various banks at Ujire ... More

FIXED DEPOSITS

Karnataka Bank trims term deposit rates
KARNATAKA Bank Ltd has reduced interest rates for domestic term deposits from November 20. However, the interest rates for term deposits from seven days to 90 days remain unchanged. Under the deposit scheme for senior citizens, an additional 1 ... More

ALLIANCES & JOINT VENTURES

SIB ties up with Chennai hospitals
CHENNAI: South Indian Bank (SIB) is entering into arrangements with various hospitals to sell its product `SIB Life Line'. Loans ranging from Rs 25,000 to Rs 3 lakh for treatment in India or from Rs one lakh to Rs 10 lakh for ... More

INTERVIEW

`Need of the hour is strong HR capital adequacy'
IN an age where public sector banks are awakening to technology-driven business transformations, many are still grappling with the legacy of the unionised workforce. In this backdrop, Bank of Baroda has taken the unique step of formulating a ... More

EVENTS

Workshop on cash management for bank executives
CASHTECH Solutions India Pvt Ltd, a cash management solutions provider, and the Administrative Staff College of India (ASCI), are jointly organising a three-day residential workshop on cash management services for senior executives from the ... More

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