The Hindu Business Line : Saturday, January 05, 2002

Re weak; gilts range-bound
THE rupee closed marginally weaker on Friday at 48.27/2750 per dollar as against the previous close of 48.25/26 in a lacklustre forex market. Although there was a bank strike, most banks were active in the market, dealers said. ``Some banks in ... More

Argentina and India: Two sides of the same coin
THERE is an old Tamil saying which states that one has to be one's own doctor and provide oneself help. External aid can go only up to a point. The principle would seem to apply in the case of India. The case of Argentina could be a good case ... More

HOUSING FINANCE

ICICI Home Finance cuts interest rate
ICICI Home Finance Company has announced an interest rate reduction of 25 basis points per annum on its key home loan products with effect from January 7. The special offer fee of 0.8 per cent as processing and administrative fee will continue ... More

A surprise treat!
A RECENT instance where a home loan customer in Thiruvananthapuram got his papers processed in record time and received a ``gift'' from the issuing bank is a pointer on how even public sector banks, not known for their business savvy and finesse, ... More

GENERAL INSURANCE

MetLife aims to sell 15,000 policies

CREDIT RATING

Gati NCD gets `AA-'

PRIVATE BANKS

GTB extends network

INTEREST RATES

Karnataka Bank cuts prime rate to 13 pc
KARNATAKA Bank has revised interest rates on its term deposits and cut its prime lending rate (PLR) by 50 basis points to 13 per cent with a maximum spread of 3 per cent with effect from January 1. According to a press release issued by the ... More

CORPORATE BONDS

KPFC to issue bonds for Rs 200 crore
THE Kerala Power Finance Corporation (KPFC) will issue bonds worth Rs 200-crore to finance the various power infrastructure projects in the State. The corporation, floated in 1998 as a joint venture company of the Kerala Government and the ... More

NON-PERFORMING ASSETS

`Doubtful assets must also be taken up for revamp'
BANKS have asked the Reserve Bank of India (RBI) to include doubtful debts for restructuring under the corporate debt restructuring (CDR) mechanism. Currently, only standard and sub-standard accounts are eligible for financial ... More

TRADE & LABOUR UNIONS

Bank strike hits operations
ALL major branches of Standard Chartered Bank (SCB) in Mumbai were closed on Friday following the strike called by the All-India Bank Employees' Association (AIBEA) in protest against the bank's alleged ``anti-labour policies''. Bank sources, ... More

IPOS

J&K Bank plans Rs 50-cr IPO in six months
JAMMU and Kashmir Bank plans to raise Rs 50 crore through an initial public offering (IPO) in six months to raise its equity capital to Rs 100 crore, the Chairman, Mr M.Y. Khan, said. The bank currently has a paid-up equity capital of Rs 50 ... More

PEOPLE

Janakiraman takes over at Centurion

Bankers' Club Chairman

Comments & Letters to the Editor to: bleditor@thehindu.co.in

Bharti to join the cellular brandwagon in Mumbai

Bank strike hits operations

RBI nod for bank credit to units in export zones

Move to boost TUFS funding in textile sector

$10-m norm for FDI in realty

Quantitative cap goes on cotton yarn export

Defence production thrown open to private sector, FDI

In Depth
Inside Kashmir

Guide to derivatives

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