Meet to bridge Nabard credit flow gap
Chennai: The financial weakness of co-operative banks in Tamil Nadu is among the reasons for the inadequate flow of credit in rural areas, according to the National Bank for Agriculture and Rural Development.
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Govt rejects banks' plea to return capital
New Delhi: PUBLIC sector banks would not be allowed to return capital to the Government.

The Ministry of Finance today clarified that the decision to disallow the banks' plea to return capital has been taken in view of the fact that some of them might have to actually increase their capital base due to the requirements under the Basel-II accord.
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Syndicate Bank to raise Rs 100 crore via bonds
Hyderabad: Syndicate Bank is planning to raise funds to the tune of Rs 100 crore under the category of tier-II capital by way of issue of subordinated bonds.
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