The Hindu Business Line : Saturday, April 13, 2002

Re firm; gilts range-bound
Mumbai: THE rupee closed relatively unchanged on Friday from the previous level of 48.9025 against the dollar in a lacklustre forex market. The domestic currency opened at 48.90. Forex dealers said that exporters were liquidating long ... More

MANPOWER

Insurance VRS may be on offer shortly
A VOLUNTARY retirement scheme (VRS) for the insurance sector is likely to be on offer shortly with the General Insurance Public Sector Association (GIPSA) having forwarded detailed proposal to the Ministry of Finance for its assent. Sources ... More

GENERAL INSURANCE

Film industry is insurance shy
FILM insurance is for the moment a profitable business. Notwithstanding the newness of Bollywood to organised film making, United India Insurance Co Ltd — the only agency currently providing film insurance — estimates that claims so ... More

PUBLIC SECTOR BANKS

Allahabad Bank hopes to post higher net
ALLAHABAD Bank hopes to post a substantial jump in profits, both gross and net, despite lower growth in deposits and advances during 2001-2002 over the previous year. A clear picture will be available after a few weeks when the accounts would ... More

SBI installs 1,017 ATMs
STATE Bank of India (SBI) has put in place 1,017 ATMs, the largest number of installed ATMs by any single bank in the country, the bank said in a press release. The bank had installed 764 ATMs in one year while in the last five weeks 541 ATMs ... More

TRADE & LABOUR UNIONS

UFBU to focus on NPAs during stir
THE United Forum of Bank Unions (UFBU), which is to participate in the all-India strike on April 16, called by the central trade unions, has said that the UFBU's main issue would be `Non-performing assets (NPAs)' in banks. Stating that NPA was ... More

Bank officers to join stir
BANK officers have also decided to participate in the all India strike called by Central trade unions on April 16. The strike has been called by the All-India Bank Officers Confederation and allied trade unions among the bank employees, ... More

IPOS

Banks, insurance cos, FIs put Rs 172 cr in PNB issue
PUBLIC sector banks, insurance companies and financial institutions have put in Rs 171.8 crore in Punjab National Bank's Rs 165-crore IPO, which was oversubscribed over four times. The issue attracted Rs 670 crore and the allotment is expected ... More

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

Top Stories
Insurance VRS may be on offer shortly

MRPL may go into Reliance fold -- Birlas, HPCL in talks to shed part of stake

EPF trustees stick to 9.5 pc

3 key Budget proposals being reviewed by Govt

Industrial growth marginal at 2.6 pc in 11 months

Kalam makes light of Pak nuclear `threat'

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Mar. 31-Apr. 6
GTB ousts 7 top officials

Govt cuts SDS to 9 pc; PF rate reduction on anvil