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    ‘I’ve been making appalams since 1988. It began when my husband had an accident and I had to earn money. I raised Rs. 500 and started off the business.’

    In the living-room of Latha K.’s West Mambalam flat, appalams and elai-vadams are clearly the VIPs. Hundreds dry under the fan on a black plastic sheet while hundreds sit in tall stacks waiting to be packed. Latha kneads the dough, pinching it off into small balls. “I learnt to make them long ago, in my village Padur, near Ulundurpet. I was a little girl and whenever there was a wedding in the village, all the women would turn up. They would sit around the mitham and make 2,000-3,000 appalams.” The urad dal was hand-ground, the girls pinched the dough off into balls, while the older women expertly rolled them out into round appalams. “It was hard work but there was food, laughter and gossip,” remembers Latha.

    As she speaks, Latha swiftly flattens several dough balls and starts rolling. “When I started, 4 out of 10 people bought my appalams. Now all 10 buy. Who has the time to make them at home anymore?” Of course, home-made appalams are far superior to shop-bought ones. People even carry them abroad for friends and family, or when they relocate.

    Latha got her recipe from her mother. Urad dal flour mixed with salt, asafoetida, jeera (for digestion), mustard water (‘so that it expands when fried’) and appalam karam (‘to make it crisp; it’s a substitute for the perandai water we used in the village’). After rolling, appalams need just one day to dry. Grinders do make the work easier , but it’s still a fairly labour-intensive task and calls for a certain knack. “Rolling pins embarrass even experienced people; no matter what you do, the appalams end up square,” says Lata.

    In 1988, Latha sold 100 pieces for Rs. 60. Today, she gets Rs. 220. Her doubleappalams are very popular, as are the plain ones with ajwain. “Business has been good,” says Latha, “I now have helpers who I train personally.” And she smiles, as she rolls out another paper-thin piece.

    source: http://www.TheHindu.com / Home> Life & Style> Metroplus / by Aparna Karthikeyan / July 29th, 2012

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    Madurai:

    Soon, one may be able to wear their favourite silk saris, dhoties and shirts that are spun not of a silkworm thread, but from the banana plant, which can be easily separated using the banana yarn separator.

    Invented by a Tuticorin-based mechanical engineer, K Murugan, the banana yarn separator machine was granted the patent in July 2012 after a six-year long wait. According to him, the large quantity of banana fibres that went waste in his hometown of Tuticorin prompted him to try to find a solution to use this product. The machine took shape after failing 40 times and in 2006, it bagged the LRamp award of excellence given by the IIT-Madras.

    “The banana plant is one where almost every part has a use. The fibres from the plant are used to tie garlands and string flowers, the leaves are used for eating, the fruits and flowers are consumed and even the inner most part of the stem is edible and has rich medicinal properties. But, I have seen the plants being cut after the fruit is harvested and allowed to rot. This disturbed me, because it was not the best way to dispose it,” he said.

    He said the stem of the banana plant has 15 layers, with the outermost used for tying garlands. According to him, the other 14 layers can be used for silk production. The fibre equals the silkworm silk, in lustre and tension strength.

    Dr Dev Pura, head, department of textile technology, IIT-Delhi and others who inspected his product certified it as an excellent invention and commended him for his efforts during their recent visit to Tuticorin. Once he gets the go ahead from the department of biotechnology, New Delhi, Murugan says he can start his production.

    His machine can process 60 lakh banana plants per year and he says that two saris can be spun using the banana silk fibres from a single tree. It would be very eco-friendly and is adaptable to natural dyes.

    The Central Institute for Research on Cotton Technology has certified his silk as one of good quality with a tenacity of 37 gm/text.

    The new technology is one way of making good use of the banana plants grown in over 12,000 hectares in Tuticorin district, which is the largest banana cultivating district in India. It would also bring good returns to farmers. Murugan has made shawls, including one that was presented to former chief minister M Karunanidhi, a few years ago and a shirt.

    This would be a material that would even get the nod of animal activists like PETA, because unlike the other silk, this does not involve the killing of a life for the silk extraction, he adds.

    source: http://timesofindia.indiatimes.com / Home> City> Madurai / by Padmini Sivarajah, TNN / July 28th, 2012

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    July 26th, 2012adminArts, Culture & Entertainment

    Hindustani vocal by Pt.Jayateerth Mevundi at Kalakshetra, Thiruvanmiyur. Photo: M. Karunakaran

    It was a memorable evening as each musician, at the Gharana Festival, rendered songs in their own style.

    The Gharana Festival organised by the South Zone Cultural Centre Thanjavur, in association with Kalakshetra Foundation and Prakriti Foundation was just a celebration of the Gharana tradition. Three performances traced the legacies of the Gharana musicians and offered a comment on the orderly pedagogy of three illustrious musicians while also revealing the extent of their command over music.

    The first evening’s performance was by Pt. Jayateerth Mevundi, who presented Puriya Dhanshri in a strong full-throated voice. Leisurely wading through the mandre saptak and developing it note by note, his voice appeared almost as if it were scaling a pyramid treating the three octaves as if they were one. This is a specialty of the Kitana style that has no curves and abrupt endings. The bandish in Miyan Malhar, ‘Kari Mana Mat’ and the beautiful bol aalaps ‘Tera Toon Sai,’ the intricate taan patterns and the meends flowing through the octaves brought out the Been gayaki in his characteristically clear voice.

    A piece in ek taal ‘Att Aayee Badariya, Mand Ghumand Garaj Barsat’ was most beautifully rendered and particularly topical. In the thumri in Mishr Gara ‘Jadu Bhare Tere Naina Raseele’ there was great correspondence between the music and the words of the couplet. Purandaradasa’s beautiful Kannada bhajan in Jogia ‘Jo Bhaje Hari Ko Sada’ brought back memories of Pt. Bhimsen Joshi’s performances. Gopal Gudi Bandi on the tabla and Aswin Walawalkar on the harmonium gave excellent support.

    FAST SARGAMS

    On the next day, Pt. Vinayak Torvi presented Puriya Kalyan in vilambit for ‘Aaj Soban’ followed by a piece set to madhya laya ‘Bahut Dhin Beete.’ This in turn was followed by a tarana in ek taal, wherein the artist embellished the raga with fast sargams in a deep guttural voice.

    Pt. Torvi also spoke of the relevance of the Gharana tradition and how proficiency in one style could lead to the appreciation and understanding of the other. A seasoned performer, he showcased the Gwalior style in his presentation of Raga Tilak Kamod, ‘Ee Guru Jan Khuda Manna’ and the Agra Rangila gharana style through the enunciation of Nom Tom Alap in Jaijaivanti—a well known piece ‘Damani Damke Dar More Laage.’ In this he beautifully exhibited the Des Ang. He concluded with a Kannada bhajan and another popular one, ‘Jamuna Ke Teer.’ Pt. Vyasamurty Katti on the harmonium and Gurumurthy Vaidya on the tabla lent able support.

    POWERFUL TAANS

    On the final day, Pt. Kaivalya Kumar, once again an outstanding exponent of the Kirana gharana filled the atmosphere with powerful taans embellished with murkis and tuneful renditions ending with tihaais. ‘Dhan Dhan Balam Sajan,’ a most evocative delineation of Raga Gavati brought out the meditative and aspects of poetic compositions. Traversing from ‘sa’ to ‘sa’ in three octaves with impressive feats of musicality in the dhrut ‘Paran Paayo Rey’ in teen tal and ‘Gunnat Gaayo Rey’ in ek taal, his portrayal of musical expressions was most exquisite. A thumri in Des ‘Rang Chunnari Bhigi Rang’ with laad and tappa ang extenuated the poignant nuances of the swara extolling the gayaki of Abdul Karim Khan and Abdul Wahid Khan Sahib. Zhoola was the tour de force of the evening – ‘Ambuya Ki Daari Pe Zhoola Zhulaave Chalo Sakhi Sab Mil Mangal Gaanve.’ Shridhar Mandare on the tabla and Ravindra Katoti on the harmonium brought the weight of tradition to bear on this beautifully produced performance.

    The evenings at Kalakshetra proved that while the walls of the Gharana are more porous now, leading to unconscious lending and borrowing between styles, each performer at the festival left his personal stamp on the ragas, making the evenings a memorable experience.

    source: http://www.TheHindu.com / Home> Arts> Music / by Jyoti Nair / July 26th, 2012

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    July 24th, 2012adminBusiness & Economy

    Leading auto parts maker Sundram Fasteners (SFL), part of the TVS group, is going ahead with its capex plan amid challenging market conditions and has chalked out a budget of Rs 150 crore for the present financial year. However, it will keep the option open to shrink the capex budget if market conditions become worse.

    “The vehicle sector has projected some improvements demand in the domestic market from festive season. We hope things will be better from that period, and so far, there is no change in our capex plan for the financial year,” a top company official told Financial Chronicle.

    The company has proposed to spend the Rs 150-crore capex in specific areas, besides expanding its capacity of all its existing product lines. It also proposes to add secondary capacities to develop new products for its customers. Last year, the company had incurred a capex of Rs 137.73 crores on existing and new projects.

    Meanwhile, the company is also making steady progress in wind power sector business after it forayed into the segment. It is reported to be the only Indian company to make fasteners for wind power generators. Wind equipment makers have been importing these components from other countries.

    The Rs 2,147-crore Sundram Fasteners has set up fasteners production facility for the wind sector at Mittamandagapet in Tamil Nadu. Global demand for fasteners for wind energy industry is also high in view of the greater emphasis being placed on generation of clean power.

    In export business, US markets showed signs of recovery and the confidence levels of customers have improved perceptibly, while European markets continued to be sluggish. The Company’s push for adding new products and new customers is expected to result in further improvement in exports in the near future. Volatility in exchange rates and slow recovery in demand from European customers are causes for concern, said company’s latest annual report.

    During this fiscal, OEM demand growth is likely to continue moderating in view of the lower growth outlook across commercial vehicles, tractors and two-wheelers, while replacement demand growth outlook would remain stable in 2012-13. And, the threat of cheaper Chinese imports is also likely to persist.

    Industry experts also point out that reasonably better demand in replacement demand export markets are likely to help domestic auto parts makers to partially weather the slowdown in vehicle industry.

    balachandarg@mydigitalfc.com

    source: http://www.mydigitalfc.com / Global business networking platform / Home> My Stocks / by G. Balachandar / Chennai, July 23rd, 2012

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    July 24th, 2012adminBusiness & Economy

    SPECIAL FEATURE: CHENNAI
    T.S. SUBRAMANIAN / Photo: BIJOY GHOSH

    Interview with M. Narendra, CMD, Indian Overseas Bank

    M. Narendra: “ Our present business has crossed Rs.3,30,000 crore.” 
    Indian Overseas Bank (IOB), which celebrated its platinum jubilee in 2011-12, was founded on February 10, 1937, by M.Ct. M. Chidambaram Chettiyar, a pioneer in insurance and industry in the country. On the very day of its foundation, IOB opened three branches – in Chennai and Karaikudi in Tamil Nadu and in Rangoon (now Yangon) in Burma (now Myanmar). Since then, IOB has expanded its operations in keeping with the rapid growth of Chennai, and Tamil Nadu itself. M. Narendra, the 58-year-old Chairman and Managing Director (CMD) of IOB, began his career as an officer-trainee in Corporation Bank. In November 2008, he joined the Bank of India as its executive director. He held that post until he took charge as the CMD of IOB on November 1, 2010.

    Excerpts from an e-mail interview Narendra gave Frontline:

    What are your plans to take IOB forward in the next five to 10 years?

    IOB ranked 10th among the nationalised banks in terms of business when I took over as CMD. Conscious efforts to expand the business helped the bank rise to the seventh position. In the near future, we aim to be among the top five public sector banks. During 2012-13, we plan to increase our branch network and automated teller machine (ATM) network to 3,000 each. Our present business has crossed Rs.3,30,000 crore. We plan to reach the Rs.5,00,000-crore mark by the next financial year.

    How do you plan to leverage the goodwill the bank has in the south, especially Tamil Nadu?

    IOB has been enjoying the goodwill and patronage of its customers, especially in Tamil Nadu, where the bank was born. Many functions were organised during the year-long celebrations in many parts of the country. BANCON 2011, the annual Bankers’ Conference, was organised in Chennai as part of our platinum jubilee celebrations. All these events have enhanced the bank’s visibility. We have already seen this goodwill bringing in new customers [and]… more business and profits.

    You have led a big movement of opening new branches and ATMs for IOB in the past few months. Do you feel the opening of branches will help in business growth? Many private sector banks and foreign banks do not have permanent bank buildings, have agency tie-ups for ATMs, and outsource operations.

    Globally, it has been found that a bank’s brick-and-mortar presence symbolises its permanence. In the last decade, we have seen the failure of many Internet banks – banks with only Internet presence. In India, the general public is more comfortable interacting with people than with machines. Our branch expansion has vindicated our stand that new branches bring in more current account and saving account [CASA] deposits. The branches opened after November 2010 have nearly 50 per cent of their deposits in CASA, bringing down the cost of deposits. The expansion of the ATM network will ensure further reduction of transaction costs, bringing in more profits.

    Among the 14 banks nationalised on July 19, 1969, IOB was the smallest. Today, it has a business mix of Rs.3,00,000 crore, up from the Rs.1,90,000 crore when you took over as CMD. So IOB’s growth has been tremendous after you took over. Is there anything unique about IOB which you have tapped?

    When I joined the bank, I could feel that the growth was not commensurate with the brand image that the bank had gained over the years. In order to inject a new enthusiasm, I gave a call for a 100 days’ mission to reach a business mix of Rs.2,25,000 crore. On December 5, 2010, a mass outreach programme called “Walk-in-Bank” was undertaken, a campaign in which all the employees of the bank participated. I led the movement at Karaikudi, from where our founder hailed and where our first branch was opened. This was followed by a similar mass contact programme, “IOB Smile”, which was organised on January 23, 2011, to reach the unreached and to give a fillip to the financial inclusion programme. These initiatives energised the rank and file, and Mission 100 Days was accomplished successfully. The momentum built up created the buoyancy for creditable growth for the year ended March 31, 2011, and continued for the year ended March 31, 2012.

    RBI Governor D. Subbarao recently exhorted banks to “reoccupy the last mile” in lending to small borrowers, which is now occupied by the micro-finance institutions (MFIs). What is IOB’s performance in this area?

    IOB has always been a front-runner in extending micro-credit. More than 1,300 business correspondents (BCs) have been engaged by the bank. Training is being imparted to them to carry out their duties effectively. About 738 BCs have been trained until now through 36 programmes.

    There is the feeling that banks often focus on big borrowers, lending them money at favourable terms, and do not lend to small and medium enterprises (SMEs) on the same terms.

    The public sector banks, in general, have been focussing more on the SME segment than on the big borrowers. I can proudly say that IOB has been number one in terms of financing SMEs. The Government of India recognised it by awarding us the first prize in the National Awards for Excellence in MSE Lending for 2010-11.

    IOB’s business mix is much higher than Indian Bank’s, the other household name in Tamil Nadu. Its profits also have always been more than that of Indian Bank. But Indian Bank’s stocks are always quoted higher than IOB’s. What could be the reason for this?

    The market value of IOB shares has always been beneath the inherent value. All efforts are being taken to bring benefits to all stakeholders.

    Does IOB have any special plans for Chennai and neighbouring districts?

    Though we do not have any specific plans for Chennai, we have a well-laid-out branch and ATM expansion plan for 2012-13. During this platinum jubilee year, we have launched many loan products catering to the SME sector and students.

    source: http://www.frontline.in / Magazine / Vol 29, Issue 15 – July 28th -August 10th, 2012

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    July 22nd, 2012adminScience & Technologies

    Chennai:

    The city will get 250 more beds for cancer patients by the end of the year. While this addition would increase the patient bed ratio for cancer patients, medical experts say it is important that the services are offered at an affordable rate.

    Chennai has more than five special cancer care hospitals, and the latest will be the MIOT Institute for Cancer Cure that opens on Sunday. Global Hospital’s cancer special hospital will open later this year.

    “Our hospital will have 100 beds exclusively for cancer patients, the building will have 500 beds from which a few more will be allotted if required,” said MIOT Hospitals, Managing Director P V A Mohandas. Global Hospitals’ cancer center will have 150 beds. With the number of cancer patients increasing by 1% every year, this trend of private health care centres stepping forward to provide specialized cancer care treatment may in the long run provide more options for patients coming to the city for treatment. “Across the country, patients feel they are safe when treated in Chennai. This is the reason we have a huge influx of patients from across the country, Asia and the UAE visiting us,” said Dr K S Shekhar, head of the oncology department at Global Hospitals in Chennai.

    Private hospitals in the city are not only employing more oncologists on board but are also investing in state-of-the-art equipment such as ‘True Beam,’ which costs Rs 40 crore. “The technology is four times faster, and takes a maximum of 15 minutes. It specially targets tumors in moving organs like the lungs and liver,” said Dr Rajini D, oncologist with MIOT hospitals, which has got the machine. India is the fourth country in the world to import the German technology. These developments are a far cry from the early 1990s when cancer patients in the city had to depend on only a couple of hospitals for treatment.

    Medical experts say studies have in the past shown that special cancer centres have a better success rate than a general hospital. “Cancer affects so many facets of the body, and so requires a multi-disciplinary treatment (MDT). A specialized center that has all facilities that a patient requires can only qualify as cancer care,” says Dr V Shanta, chairperson,  of  Adyar Cancer Institute.

    While experts say private health care centres that earlier focused more on heart and cardio specialization now looking at cancer is a positive sign, the benefit should be passed on to people of all socio-economic backgrounds. “Today everyone cannot afford treatment in a corporate hospital,” said Dr Shanta.

    source: http://www.TheHindu.com / Home> City> Chennai / TNN / July 22nd, 2012

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    It’s one of the most mysterious numbers in mathematics, and clearly one of the most loved. Well, how else did the little pi manage to wrangle two celebratory days a year – Global Pi Day, March 14, to represent pi’s decimal value of 3.14 and coincidentally Albert Einstein’s birthday; and Pi Approximation Day, July 22, to represent its fractional avatar 22/7.

    Even as you read this, T-shirts, mugs and other memorabilia are being sold in various parts of the world to celebrate the world of pi ( ). In mathematics, pi denotes the ratio of the circumference of a circle to its diameter and was first given its 22/7 formulation by Archimedes.

    In India, there may not be memorabilia but the day is being marked with lectures and seminars on the mystery of pi as well as its Indian connection. “As this is also the Year of Mathematics in India, being Srinivasa Ramanujam’s 125th birth anniversary, mathematicians have been giving a series of lectures over the weekends in different parts of Chennai,” says R Sivaraman, of the Pie Mathematics Association, who will be speaking on Ramanujam’s life and contributions next week.

    “Ramanujam provided great insight into the computation of pi through his power series formulae,” says Sivaraman. “Thanks to his formulae, for the first time, the pi value could be accurately calculated up to 17.5 million digits. No one had managed that before,” says Sivaraman. Now, of course, thanks to Ramanujam’s formulae, computers can calculate the pi decimal value up to 1.24 trillion digits. “Pi is central to every mathematician’s research. You just cannot steer clear of it,” says  Professor Rajeeva L Karandikar,  director, Chennai Mathematical Institute.

    “You need pi for everything, right from digging a well to sending satellites into space,” says Sivaraman, who adds he believes that the more you know of pi, the more secrets of nature you can unlock. Incidentally, ancient Indian mathematicians Aryabhatta and Bhramagupta also cut into pi. Astronomer-mathematician Aryabhatta of the sixth century AD calculated its value up to four places, while Bhramagupta in the eighth century AD, used 3 as a “practical” value of pi, and the square root of 10 as an “accurate” value of pi.

    source: http://www.timesofindia.indiatimes.com / Home> City> Chennai / by Kamini Mathai, TNN / July 22nd, 2012

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    July 20th, 2012adminArts, Culture & Entertainment

    A new resort in Karaikudi tries to revive the old Chettinad look and feel, finds Nirthya Rajan

    REGAL AMBIENCE Carved doors and stained glass give that Chettinad touch. Photo: Special Arrangement

    Exquisite cuisine and lavish mansions are to Karaikudi what jackfruits and boathouses are to Kerala. A small town in Tamil Nadu, Karaikudi in the heart of the Chettinad belt is steeped in the tradition of the Chettiars, the primary inhabitants of the town. They built immense mansions with pillars, windows, doors, and floor tiles in the best wood and marble and tiles sourced from all over the world, and filled their homes with exquisite artefacts.

    As life moved on, so did the Chettiars, abandoning their mansions and moving out in search of better opportunities. Their grand homes now lie neglected; their possessions auctioned off, and sometimes even the intricately carved pillars and doors sold to antique hunters. It’s a piece of history that is dying.

    Conservation groups like the Revive Chettinad Society are working to prevent the total extinction of such mansions by focusing on tourism and on preservation of these homes for future generations. One way to protect these ancient homes is to convert them into resorts where tourists can stay and enjoy the grandeur, their money helping to preserve the buildings. A second way is to imitate the Chettinad style of building to create new structures, so that the old architecture, designs and material are not forgotten.

    Thappa Gardens in Ariyakudi (3km from Karaikudi) is one such resort, which has created a typical Chettinad house to promote and sustain the architectural tradition. The property is spread across four acres, divided into three parts like any Chettinad house – the lobby, the courtyard and private area.

    Traditional floor plan

    The area from the gate to the lobby is called the ‘Mogappu’ or entrance, which displays a rich Chettinad building style. For example, the front door is one foot thick with a three-layered teak wood frame with intricate carving and circular door handles.

    The entrance leads to the courtyard, called the ‘Kalyana Kottai. Designated as the lobby and illuminated by natural lighting, it is lined with 12 carved pillars and the flooring is black and white chess-board style Athangudi tiles. The lobby has traditional indoor games like ‘Pallanguzhi’, chess and ‘Paramapadam’ (snake and ladder), an important part of the Chettinad lifestyle.

    The ‘Valavu’ area, where the bedrooms of the sons used to be, is the restaurant, with 16 pillars and red Athangudi tiles. The common areas are decorated with ruby red and sapphire lampshades, as well as antique fans, chandeliers and furniture. The cottages each have a ‘Thinnai’ and the furniture is of teak wood. Each cottage has a replica of the ‘Molman Kurichi’ (a recliner chair) and an old-fashioned ‘Almirah’.

    Replicating is a way of preserving our cultural heritage, and that is what such resorts aim to do.

    source: http://www.TheHindu.com / Home> Life & Style> Homes & Gardens / by Nirthya Rajan / July 20th, 2012

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    July 20th, 2012adminBusiness & Economy

    Karur Vysya Bank (KVB) has started implementing the recommendations of management consultancy Boston Consulting Group (BCG), including organisational restructuring and business re-engineering, in a bid to meet the private sector lender’s Rs 1.25 lakh crore business target by 2016. “Even amid the slowdown in economic growth and increasing competition in the market, the bank has managed to focus on execution of its strategic agenda and delivered results which would ensure that the bank is on the right track to achieve its centenary year (2016) goals,” said K Venkataraman, managing director and chief executive officer.

    “We have started implementing the recommendations of BCG under Golden Vision Initiatives and are periodically reviewing the progress of the project implementation,” he said in a communication to the shareholders. The bank appointed BCG in 2009 to prepare its long-term business plans. In all major business parameters, KVB’s growth in 2011-12 was higher than its compound annual growth rate for the past five years.

    During the year, the lender implemented the BCG recommendations like organisational restructuring at the central office and at divisional offices, ramping up key business development and support initiatives across the banking network and targeting the crucial areas for transmission.

    The organisational structure has undergone major changes with verticalisation of business strategy group, operations group, risk, inspection and audit and human resources departments.

    The business strategy group is further organised into business segments such as personal banking, commercial banking, corporate and institutional banking, international banking and treasury and funds management.

    “While we are generally optimistic of the economy picking up momentum and growing in the future, we have formulated our near-term strategies based on the prevailing economic scenario,” said Venkataraman.

    For 2012-13, the bank has set a gross business target of Rs 72,000 crore. The bank has crossed its projected level of Rs 55,000 crore in 2011-12 and reached the business level of Rs 56,317 crore, after the initiatives being undertaken.

    Total deposits increased to Rs 32,112 crore from 24,722 crore, an increase of 29.89 per cent. Current account, savings account (CASA) deposits accounted for 19.16 per cent in aggregate deposits. The average deposits stood at Rs 27,156 crore in 2011-12, compared with Rs 20,973 crore in 2010-11, an increase of 29.48 per cent.

    KVB will give a major thrust to improve the CASA ratio, recovery of non-performing assets (NPAs), improving fee-based income by effectively focussing on parabanking, leveraging technology and offering new innovative products to target young and tech savvy clientele, he said.

    CASA deposits of the bank were at Rs 6,152 crore as on March 31, 2012 against Rs 5,755 crore as on March 31, 2011. The gross NPA of the bank as on March 31 was at Rs 321 crore (1.33 per cent) against Rs 228 crore (1.45 per cent) a year ago.

    This is mainly on account of large amounts of slippages to NPAs despite the best efforts. The net NPAs of the the bank stood at Rs 79 crore (0.33 per cent) at the end of the 2011-12, up by 0.26 per cent over the year-ago figure of 0.07 per cent.

    source: http://www.business-standard.com / Home> Banking & Finance / by T. E. Narasimhan / Chennai, July 20th, 2012

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    July 20th, 2012adminEducation, Science & Technologies

    Chennai:

    An institute of fisheries technology that would offer diploma courses in various disciplines connected with fishing will be set up by the Tamil Nadu Government in neighbouring Tiruvallur district.

    Chief Minister J Jayalalithaa had sanctioned administrative approval for the Rs 34.08 crore project at Ponneri.

    The institute would offer diploma courses in various disciplines such as prawn-rearing, fish-breeding and equipment management among others, an official release here said, adding 20.78 acres of land had been earmarked for it.

    Jayalalithaa, who had last year announced setting up a Fisheries University in Nagapattinam, has allocated an initial sum of Rs seven crore towards the latest initiative taken as part of her government’s efforts for the betterment of the fishing community.  / PTI

    source: http://www.zeenewsindia.com / Home> News> Tamilnadu / Friday, July 20th, 2012

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