Srei Sahaj e-Village Limited, a subsidiary of the Kolkata-based Srei Infrastructure Finance Limited, has tied up with DLF Pramerica Life Insurance Company Limited to set in motion &lsquo;Tatkaal Baithaks&rsquo;, a unique insurance awareness initiative targeted at the under served rural markets in the country.

DLF Pramerica-Srei campaign to tap rural insurance markets

Business Standard

Devolvement at year&rsquo;s first auction of the benchmark paper; likely precursor of more rises in interest rates.

Higher RBI cut-off move surprises bond market

Banks lowered their exposure to mutual funds (MFs) in the last fortnight of 2009-10 to meet year-end capital needs.

Banks' exposure to MFs sees sharp fall

Despite a substantial rise in the disbursement of funds year-on-year over the last few years from the National Bank for Agriculture and Rural Development (Nabard) under the Rural Infrastructure Development Fund (RIDF), the Karnataka government is lagging behind in utilisation of funds. While, Nabard has sanctioned a total of Rs 5,549.87 crore covering 27,299 projects to Karnataka under RIDF since its inception in 1995-96, the state government, as on date, has barely utilised Rs 3,491.47 crore, about 63 per cent of the total sanctions.

State lags in using Nabard rural infra fund

The disbursement of investment credit by the National Bank for Agriculture and Rural Development (Nabard) to Karnataka government has dropped 29.1 per cent to Rs 745 crore during 2009-10 compared to the previous year. The overall assistance from Nabard for the state during 2009-10 was Rs 3,472 crore, a growth of 15-16 per cent over the previous year.

Nabard's investment credit to state drops 29%

Finance Minister Pranab Mukherjee today hinted at further roll-back of stimulus measures announced in the wake of the global financial crisis, saying economic recovery offered room for such a move.

FM hints at further rollback of stimulus

Press Trust of India

Finance Minister Pranab Mukherjee today said it was time to revisit some of the age-old financial sector norms to usher in the next wave reforms in the sector.

Need to revisit financial  sector rules: FM

As many as three global financial companies, including Citibank, Credit Suisse Group and JP Morgan have abandoned their brokerage operations in Pakistan&rsquo;s financial capital Karachi amid the nation&rsquo;s bleak economic situation, says a media report.

3 global financial firms exit Pak

Public sector Corporation Bank was looking for overseas companies to partner with for its entry into the general insurance business and had already appointed a consultant to take the process forward, Chairman and Managing Director JM Garg said here on Saturday.

Corp Bank seeks foreign partner for insurance foray

Growing concerns about runaway inflation and signs of stable economic recovery may prompt the Reserve Bank to hike its key short-term rates and cash reserve ratio by 0.25-0.5 per cent at its annual monetary policy on April 20, top bankers today said.

RBI may jack CRR rates by 0.5% on Apr 20: Bankers

Pick up in banks' credit offtake and declining dependence on expensive deposits are likely to help them to improve their margins this fiscal but rising bad loans continues to be a concern, rating agency CARE today said.

Revival in credit growth to help banks prop margins: CARE

Banks are unlikely to fix their base rate at a very low level even though the Reserve Bank of India has given them the freedom to decide the methodology to arrive at their respective base rates, experts today said.

Banks unlikely to fix base rates at very low level: Experts

Financial institution Small Industries Development Bank of India (Sidbi) expects to raise about Rs 15,000 crore in the present financial year as long-term loan.

Sidbi expects to raise Rs 15,000-cr long-term loan this fiscal

The main challenge is to convert existing term and home loans to the base rate.

Banks explore options to lend below base rate

The yield on 10-year government paper is expected to remain beyond 8 per cent next week due to pressure from the higher cut-off point set for accepting bids in the first bond auction for 2010-11 last Friday.

Bond yields may harden further, rupee to remain up

Despite a substantial rise in the disbursement of funds year-on-year over the last few years from the National Bank for Agriculture and Rural Development (Nabard) under the Rural Infrastructure Development Fund (RIDF), the Karnataka government is lagging behind in utilising them. While Nabard has sanctioned a total of Rs 5,549.87 crore covering 27,299 projects to Karnataka under RIDF since its inception in 1995-96, the state government, as on date, has barely utilised Rs 3,491.47 crore, about 63 per cent of the total sanctions.

Karnataka lags in using Nabard rural infra fund

Visakhapatnam Cooperative Bank (VCB) has crossed the Rs1,000-crore business mark. &ldquo;We had targeted to touch the Rs 1,000-crore mark by March 2010, but achieved this in December itself,&quot; Narasimha Murthy, secretary, VCB, told Business Standard. As of March 2010, total business stood at Rs 1,168 crore.

Vizag co-op bank crosses Rs 1000 cr business

The financial services arms of Kerala-based Muhoot Pappachan Group &ndash; Muthoot Fincorp Ltd (MFL) and Muthoot Capital Services Ltd (MCSL) &ndash; are planning to raise around Rs 2,600 crore to support their business targets.

Muthoot arms to raise Rs 2,600 crore

European governments put together a loan package worth at least &curren;30 billion ($41 billion) for debt-burdened Greece as they try to stamp out its fiscal crisis and restore confidence in the euro.

Greece wins more than $41 billion in EU, IMF aid

The Stock Services Limited of Vadodara Stock Exchange (VSE-SSL) is ready for launching currency derivatives once its members clear the required examination to be conducted by National Institute of Securities Markets (NISM), its Managing Director Deepak Raval said.

VSE-SSL ready for launching currency derivatives

Swiss banking giant UBS today said it expects a pre-tax profit of at least 2.5 billion Swiss francs ($2.36 billion) in the first quarter of this year.

UBS expects pre-tax profit at $2.36 bn in Q1

Finance News: Latest investing news and finance headlines straight from Business Standard.

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