The Hindu Business Line : Monday, April 05, 2004

REGIONAL RURAL BANKS
Rayalaseema Bank posts all-time high profit of Rs 28 cr
RAYALASEEMA Grameena Bank (RGB), the Cuddapah-based regional rural bank that operates in the districts of Cuddapah, Kurnool and a part of Prakasam in Andhra Pradesh, has announced all-time high profit of Rs 28 crore for the fiscal ended March 31, ... More

INFORMATION TECHNOLOGY
Gulf migrants remittances — `Alternative to hawala working well in UAE'
A GLOBAL Informal Value Transfer System (IVTS), based on electronic transfer of funds, is emerging as a solution for migrant workers remitting money back home. The system can also reduce the problems associated with hawala, according to Dr ... More

GOVT BONDS
Further softening of interest rates likely
THE bull charge continued in the bond markets fuelled by external flows and in anticipation of one more round of interest rate softening. Traders said that the optimism over further softening in interest rates was affirmed by the retreat in ... More

CREDIT MARKET
IOB to ramp up priority sector lending in lead dist
INDIAN Overseas Bank, the lead bank for Thiruvananthapuram district, has decided to enhance lending to the priority sector, especially by financing self-help groups and issuing Kisan Credit Cards (KCCs). Addressing a function at the suburban ... More

CO-OPERATIVES
Prudential Co-op Bank depositors in a quandary; threaten stir
DEPOSITORS of the beleaguered Prudential Co-Op Bank are in a state of quandary with their savings locked up and facing uncertainty running from one agency to another seeking early redressal of their grievances. The Depositors Association has ... More

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