Priority sector: Jai Kisan! but money is a no-no 
Mumbai: Suave new generation private banks keep talking about ATMs and internet banking going to rural areas to give credit to farmers for sowing seeds and buying tractors. 
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Centres borrowings chug along despite a few hiccups 
Mumbai: As far as the borrowing programme goes this fiscal, barring a few occasions, like the Indo-Pak border stand-off, the Centre has so far broadly stuck to the calender for issuance of government securities. 
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One step forward, two steps back
Mumbai: The RBI Governor also seems to be happy with the general trend in the rupee and was quoted as saying that "things are fine with me" as far as the rupee is concerned. 
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`AMP Sanmar does well on rural front'
Madurai: AMP Sanmar Assurance, which began operations in January, has already surpassed its mandatory rural business requirement, according to S. Balachander, Head, Sales and Distribution. 
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The trend is to shed forex debt and tap bond markets
Mumbai: The bond market continued to remain thin, though yields remained range-bound during the last weekend. The underlying sentiment, however, was firm. 
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SEZ units can hedge sans RBI approval
Mumbai: A unit in a special economic zone (SEZ) can now hedge the price risk in a commodity on exports/imports without the prior approval of the Reserve Bank of India. 
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Plan for supervisory body for urban co-op banks dropped
Mumbai: THE Reserve Bank of India would continue to supervise urban co-operative banks (UCBs). The two sides have finally evolved a consensus to drop the proposal mooted by the RBI for setting up a separate supervisory body for UCBs. 
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IDBI may go for preferential issue to cut IDBI Bank stake 
Mumbai: The spat between the Industrial Development Bank of India, and its offspring IDBI Bank over the induction of a strategic partner in the bank is likely to result in a preferential issue, with local investors being looked at as an option. 
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Reduction in bank rate will not lead to higher credit offtake, say Experts 
New Delhi: There are very few takers for the pevailing wisdom that a Bank Rate cut would help economic revival. 
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ANZ Grindlays gets StanChart tag now
Mumbai: One of the oldest names in the country's banking landscape will disappear next week. The last vestige of the 150-year old British Bank Grindlays will go with Standard Chartered deciding to discontinue with the Standard Chartered Grindlays name for the legacy business acquired from ANZ Grindlays in 2000.
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