The Hindu Business Line : Thursday, June 29, 2006

FARM CREDIT
Banks target Rs 9,645-cr farm loans in Kerala
Commercial banks in Kerala are planning to disburse loans of Rs 9,645 crore to the agriculture sector in 2006-07. The banks' annual plan for the current year targets disbursements of a total of Rs 24,290 crore to the priority sector in the ... More

REGIONAL RURAL BANKS
Syndicate Bank RRBs' growth
Syndicate Bank-sponsored regional rural banks (RRB) have recorded a business growth of 20 per cent for the year ended March 2006. A bank release said here that the total business of the RRBs were Rs 13,094 crore, comprising ... More

FOREX
Rupee slips to 46.46 intra-day
The rupee weakened on Wednesday to fall close to the 46.50 levels intra-day on heavy demand for dollars from importers as well as public sector units (PSUs). The rupee opened at 46.36/38, moved down to a low of 46.46; but clawed ... More

INFORMATION TECHNOLOGY
Now, ATMs offer more than just cash option
Beyond mainstream banking More

GENERAL INSURANCE
New India-led group bags AI insurance cover
Private insurers falter yet again at tech evaluation stage More

IFFCO-Tokio to expand weather risk coverage
IFFCO-Tokio General Insurance (ITGI) has decided to double the coverage of its weather insurance product to 220 districts from 106 districts this year. The company has chalked out plans to roll out the offering in other States. "But it will ... More

FINANCIAL POLICY
Commodity brokers banking on FMOC meet
`Downward correction likely in metals segment' More

DEBT MARKET
Sentiment improves in bond market
Bond prices weakened on Wednesday, but sentiment was positive following statements from the Ministry of Finance that the Rs 10,000-crore auction of Government securities, scheduled to be held in the first fortnight of July, could ... More

DERIVATIVES MARKETS
Derivative transactions: RBI says banks must make full disclosure
Draft norms on derivative transactions More

FOREIGN BANKS
Swiss bank sets up rep office in Mumbai
Zurcher Kantonalbank, a cantonment bank from Switzerland, is looking to offer wholesale banking for Swiss exporters who have business in India. The bank has inaugurated its representative office in Mumbai. According to Mr Hans Voegeli, Chief ... More

CREDIT MARKET
SBI Mumbai circle sees credit offtake slowdown
`Deposit mobilisation would be a challenge' More

Dakshina Kannada banks' biz crosses Rs 12,306 cr
Credit-deposit ratio in the dist at 62 pc More

SHORT TERM INSTRUMENTS
Call rates remain flat
Call rates remained unchanged between 5.75 and 5.85 per cent. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 21 bids amounting to Rs 15,015 crore and in the second one-day ... More

Bulk of T-bills auction bids rejected
The auctions of the 91-day Treasury bill and the 182-day Treasury bill on Wednesday were oversubscribed but the central bank rejected a bulk of the bids, according to an RBI press release. According to dealers, buyers would have asked for a ... More

ALLIANCES & JOINT VENTURES
Kotak Mahindra AMC ties up with BoI
Kotak Mahindra Asset Management Company Ltd has entered into a tie-up with Bank of India to distribute the entire bouquet of Kotak Mahindra Mutual Fund products at the 1,000 identified branches across the country. Talking to newspersons here ... More