Syndicate Bank scheme for farmers:

Syndicate Bank's flexible credit scheme for farmers `Akshaya Krishi Dhana Yojana' has provided credit worth Rs 2 crore to 1,000 farmers across the country. The scheme is the offshoot of the bank's earlier crop overdraft scheme. "Through its crop overdraft scheme, the bank provided credit worth Rs 200 crore to 1.5 lakh farmers throughout the country," a bank release issued on Tuesday stated.

Three-day repos results:

The RBI on Tuesday mopped up Rs 28 crore through three-day 8 per cent fixed-rate repos in government of India dated securities for parties holding SGL and current accounts. The central bank received only one application and accepted it.

Icra assigns MA+ rating to Thermax Capital debt:

Icra has assigned an MA+ rating to fixed deposit programme ofThermax Capital Ltd, indicating adequate safety. The company is a fully-owned subsidiary of Thermax Ltd. The rating takes into consideration the low gearing and strengths derived from being part of the Thermax group. Icra has said that the company's future profitability would depend on its ability to maintain the asset quality and expenses as business levels increase.

Crisil reaffirms IPCL debt rating:

Crisil has reaffirmed the P1 rating assigned to the commercial paper programme of Indian Petrochemicals Corporation Ltd for the enhanced amount of Rs 350 crore. The rating agency has also downgraded the company's Rs 128 crore non-convertible debenture issue and Rs 75 crore non-convertible debenture issues to AA- from AA.

14-day T-bills auction:

The RBI has announced 14-day treasury bills auction for a notified amount of Rs 500 crore. Allocation to non-competitive bidders will be outside the notified amount at the bank's discretion.

91-day T-bills auction:

The RBI hasannounced 91-day treasury bills auction for a notified amount of Rs 500 crore. Allocation to non-competitive bidders will be outside the notified amount at the bank's discretion. Tenders should be submitted in the prescribed form on October 16. Payment by successful bidders will be on October 17.

Icra reaffirms Hindustan Dorr-Oliver rating:

Icra has reaffirmed the rating of Hindustan Dorr-Oliver's fixed-deposit programme at MA. The rating indicates adequate safety and takes into account the company's strong market position as a turnkey contractor, especially in segments like fertilisers, alumina and pulp & paper. Icra has said that the company's well-diversified portfolio of projects in different sectors is likely to ensure a steady stream of income wherein a lower order book position in one sector is likely to be compensated by higher order in another sector.