THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications
Monday, September 24, 2001
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Letters

Banking and Finance
Castles in the air
This refers to the recent decision of the Reserve Bank of India to permit banks to finance the margin trading system. It is purely a speculative mode of increasing business volumes in capital market activities, thus exposing investors and lending banks t o unwarranted risks.

Insurance
Royal Sundaram clarifies
This refers to `Notice to 15 insurance cos' (Business Line, September 21). Royal Sundaram Alliance Insurance Company has complied with the investment regulations as stipulated by the Insurance Regulatory and Development Authority.

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