The Hindu Business Line : Thursday, January 03, 2002

Re firms up; gilts range-bound
THE rupee strengthened marginally on Wednesday to close at 48.24/25 against the dollar on a day of somewhat standard activity. It had closed at 48.2650/2750 per dollar on Tuesday. The domestic currency opened the day at 48.2750/2850 to a dollar ... More

TECHNOLOGY

Technology to help inter-bank dealings

HOUSING FINANCE

LIC arm to buy GLFL Housing Fin portfolio
LIC Housing Finance Ltd has signed an agreement with GLFL Housing Finance Ltd, Ahmedabad to acquire the latter's outstanding home loan portfolio worth approximately Rs 60 crore, along with the attendant liabilities. GLFL (Gujarat Leasing and ... More

Corporation Bank cuts housing loan rates
IN a move to boost its housing finance wing, Corporation Bank has reduced its interest rate to 11.5 per cent from 12 per cent with effect from January 1. The bank is also trying to expand its `housing loan base' to Rs 800 crore by March ... More

GENERAL INSURANCE

United India to have one-man offices in rural areas
UNITED India Insurance is putting together a scheme that will help the company in its rural conquest. Pretty soon, UII hopes to have thousands of one-man offices across the country, who will sell insurance products to the rural populace. The ... More

CREDIT RATING

LGF programme gets highest rating

Hero Honda NCDs rated `LAAA'

RBI & OTHER CENTRAL BANKS

More Madhavpuras in the making
THE spectre of the Madhavpura Mercantile Co-operative Bank (MMCB) has come back to haunt the people of Gujarat with a vengeance in the New Year. If it was the turn of the General Co-operative Bank (Genco) to have itself indefinitely suspended ... More

FOREIGN BANKS

Dharna before Standard Chartered Bank

INTEREST RATES

Canara Bank cuts rates

NON-PERFORMING ASSETS

`Valuer judgments vital in curbing NPAs'
LACK of accountability on the part of valuers is a major contributory factor for the huge size of NPAs lying with banks and financial institutions. This observation comes from none other than Mr C.H. Gopinatha Rao, past president of the ... More

IPOS

Union Bank IPO in mid-2002
UNION Bank of India is likely to come out with a public issue mid-2002. "We will publish our balance sheet by May and then come out with the market issue. By that time, we also hope that there would be some improvement in the share market," Mr V. ... More

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Cellular penetration expected to double by December 2002

Corporation Bank cuts housing loan rates

LIC arm to buy GLFL Housing Fin portfolio

New Year sales gets lukewarm response

Health drinks, shampoo to drive FMCG

Spices exports drop by Rs 172 cr

In Depth
Inside Kashmir

Guide to derivatives

US-64