The Hindu Business Line : Wednesday, April 03, 2002

Deflation shows up in GDP data of US
LAST week, the US GDP data for the fourth quarter of 2001 (second revision) were released. More than the further upward mark-up in GDP growth (from 1.4 per cent in the first revision to 1.7 per cent now), the surprise was the price deflator, ... More

FOREX

Re slips; gilts range-bound
Mumbai: THE rupee closed a shade lower on Tuesday at 48.8150/8250 to a dollar as compared to its previous close of 48.80. This is the lowest closing level for the domestic currency ever. Dealers said that the rupee had opened at levels of ... More

`Corporates will do well to bet on Re'
THE Indian rupee today is the cheapest currency for corporates to borrow in and the US dollar is the most expensive. Mr Alok Agarwal, Head of Treasury, Reliance Industries Ltd, said top borrowers should maintain multiple currency views such as ... More

HOUSING FINANCE

HUDCO to raise Rs 5,200 cr
STATE-OWNED Housing & Urban Development Corporation Ltd. is targeting raising Rs 5,200 crore of resources in the current financial year to finance the booming housing and infrastructure sectors, its Chairman and Managing Director, Mr V. Suresh, ... More

HUMAN RESOURCES

Making effective use of rural bank branch staff
AFTER the implementation of VRS, every chairman has said that his bank has now become a lean organisation but that customer service is not affected. What they claim is generally correct, still at the field level there are certain imbalances which ... More

PRIVATE BANKS

UTI Bank issue reaffirmed `A1+'
CREDIT rating agency, ICRA, has reaffirmed the `A1+' rating to the certificate of deposits programme of UTI Bank Ltd. The rating indicates highest safety in the short-term. According to a statement issued by ICRA, the short-term rating takes ... More

PUBLIC SECTOR BANKS

IOB operating profits may touch Rs 600 cr
THE just-ended fiscal seems to have been profitable for both the Chennai-based public sector banks - Indian Bank and Indian Overseas Bank. Like Indian Bank which expects to more than double its operating profits to around Rs 120 crore, ... More

SBI earmarks 30 pc for term loans
STATE Bank of India (SBI) has allocated around 30 per cent of its total loan portfolio towards term loans which works out to around Rs 35,000-40,000 crore, the Chairman of SBI, Mr Janki Ballabh, has said Mr Ballabh was responding to questions ... More

More Corporation Bank ATMs
MANGALORE: Corporation Bank appears to be on a technology spree in its attempt to live up to its image as being one of the most `tech-savvy' banks in the industry. And the bank has even won an award for its initiatives — the Best ... More

FOREIGN BANKS

Amex to set up global service centre in India
AMERICAN Express has said that it is expanding its global operations infrastructure in India by setting up a 1.37 lakh sq.ft service centre at Gurgaon, Haryana to service its clients worldwide. This centre would offer activities such as voice ... More

GOVT BONDS

Bonds auction

NON-PERFORMING ASSETS

Dabhol account not an NPA right now: Vora
THE Dabhol Power Company (DPC) account will not become a non-performing asset (NPA) as on March 31, 2002, Mr P.P. Vora, Chairman, IDBI, has said. The DPC account would remain standard in the books of lenders for the year ended March 31, 2002, ... More

REGULATORY BODIES & RULINGS

SEBI may be chosen to be pension regulator
IN a change of stance, the Government has proposed to mandate the capital markets watchdog — the Securities and Exchange Board of India (SEBI) — to regulate the pension sector. The proposal is to be placed before the Group of ... More

IPOS

PNB public offer gets Rs 690 cr
THE recently concluded initial public offering (IPO) of Punjab National Bank (PNB) has garnered an oversubscription of over 300 per cent with total subscription touching about Rs 690 crore against the issue size of Rs 164.49 crore. The PNB ... More

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

Top Stories
BoP problem unlikely: Jalan

Mineral water plant in AP leaves the locals high and dry?

`Newsprint cos have no plans to raise capacity'

IOC may not pass on post-APM gains -- To add `value' to retail outlets

Making effective use of rural bank branch staff

Wheat MSP raised by Rs 10 per quintal

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Mar. 24-Mar. 30
Proposal to merge banking, insurance ombudsman schemes

IRDA caps agency commission at 15 pc

Importers can rebook cancelled forward deals

Insurers team up to fight 'rebate' menace

SBI cuts PLR 50 basis points -- Deposit rates reduced by 25 points

Sharp drop in FI disbursements

SBI housing loans likely to be cheaper

Bumper profits may help banks to clean up balance sheets

Annuities market thrown open to private insurers -- LIC loses exclusive preserve