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Friday, June 06, 2008
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MONEY & BANKING

FARM CREDIT
Corporation Bank begins debt-waiver processes
Mangalore, June 5 Branches of Corporation Bank have commenced work relating to providing debt relief and waiver to farmers according to the scheme announced by the Government recently.A bank release said here on Thursday that workshops ... More

State Bank of Mysore unveils debt waiver scheme
Bangalore, June 5 State Bank of Mysore (SBM) has launched its farm debt waiver and relief scheme for 2008. SBM’s Managing Director, Mr P.P. Pattanayak, personally monitored the progress and preparations of the farm debt relief ... More

ECONOMY
Central govt debt rises 9.4%
Chennai, June 5 Rapid growth has pushed the ‘current price’ figure for national per capita income up to Rs 33,299 for FY 2007/8. The corresponding Rs 22,914 figure for consumption is lower, and has been growing slower. Adjusting ... More

LIFE INSURANCE
Sahara’s MF, insurance biz ‘languishing’
Mumbai, June 5 As Sahara India Financial Corporation Ltd (SIFCL) finds itself in the eye of a regulatory storm, it raises crucial questions on the fate of its insurance and mutual fund subsidiaries which have not been able to make inroads in ... More

FINANCIAL POLICY
Cabinet nod for money laundering law
Casinos, full fledged money changers (FFMC), money transfer service providers (MTSPs) such as Western Union and international payment gateways such as Visa and MasterCard would soon be required to take reporting obligations under the Indian ... More

RBI & OTHER CENTRAL BANKS
RBI fully geared to fight inflation
No efforts will be spared, says Reddy More

PRIVATE BANKS
Karnataka Bank board to discuss rights issue
Mangalore, June 5 Karnataka Bank Ltd is planning to issue equity shares on rights basis. The bank has informed the BSE that a meeting of the board of directors will be held on June 12 to consider the proposal for issue of equity shares on ... More

INTEREST RATES
BoI, BoR hike NRE term rates
Bank of India and Bank of Rajasthan on Tuesday announced they have hiked non-resident (external) rupee term deposits, up to 30 basis points, with effect from June 1. Tha banks have increased the rates on NRE (rupee) term deposits of one year to ... More

CREDIT MARKET
Andhra Bank inks MoU with Crisil
More

FIXED DEPOSITS
Has Sahara India Fin obtained stay on ban?
Depositors unsure of their fate More

TRADE & LABOUR UNIONS
RRB employees plan strike
More

INTERVIEW
‘Expats remit $26.5 b, higher than combined FII, FDI flows’
More

EVENTS
Meet on fair trade, microfinance in Hyderabad
Hyderabad, June 5 The Netherlands-based development finance institution Oikocredit and its Indian subsidiary Manaveeya Holdings and Investments Pvt Ltd will be holding an international conference on ‘Fair Trade and Micro Finance’ ... More

Seminar on cluster financing
Majority of small and medium enterprises (SMEs) face lot of constraints and feel the heat of increasing competition. Being an important sector in the economy in terms of its contribution to exports and employment, they need to be run on a ... More

PEOPLE
New DGMs in Corporation Bank
Corporation Bank has promoted nine Assistant General Managers to the level of Deputy General Managers. A bank release said here on Thursday that Mr R. Sudarshana Raju, Mr K.S. Kalyana Sundaram, Ms Swathi S.M., Mr M. Gokuldas Kamath, Mr M. ... More






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