The Hindu Business Line : Tuesday, April 23, 2002

Credit Info Bureau seeking ways to avoid secrecy breach
CREDIT Information Bureau (CIB) is working on taking aboard all members of the Indian Banks' Association (IBA) as stakeholders to create an information-sharing model that would not break banking secrecy laws. Sharing of credit information is ... More

ACCOUNTING STANDARDS

IRDA issues new accounting norms
THE Insurance Regulatory and Development Authority (IRDA) has issued fresh regulations on preparation of financial statement and auditors report under which under all insurance companies would have to provide details on compliance including ... More

FOREX

Re steady; gilts range-bound
Mumbai:THE rupee closed on Monday similar to its previous levels of 48.91/92 per dollar in the forex market. Forex dealers said, there were some bunched up dollar inflows in the market, which propped the rupee up to 48.88.50 levels. At this ... More

NBFCS

NPA classification norms for NBFCs changed
THE Reserve Bank of India has made norms for NPA classification for non-banking finance companies (NBFCs) at par with banks from March 31, 2003. The banking regulator said the current past-due (currently 30 days) concept for identifying NPAs ... More

HOUSING FINANCE

HDFC for cross-selling group products
HOUSING finance major, HDFC, today said it plans to become a one-stop-shop for financial products through cross- selling group companies' products. Without mentioning universal banking, Mr Deepak Parekh, Chairman, HDFC, said the company would ... More

LIFE INSURANCE

Tata AIG riders on endowment policies
TATA AIG Life Insurance Company is offering critical illness riders on endowment policies. The private sector life insurer has said that the rider, which would be available on all endowment policies, would cover major illnesses such as cardiac ... More

PRIVATE BANKS

Benares bank depositors `upset'
WEIGHED down by the extension of the moratorium up to July 21, the depositors of the Benares State Bank Ltd (BSL) have alleged that the directives issued by the RBI under Section 35A of the Banking regulation Act, 1949 was ... More

PUBLIC SECTOR BANKS

Andhra Bank plans to hit Rs 33,500-cr business
ANDHRA Bank is planning to increase its business to Rs 33,500 crore for fiscal 2002-03, up from Rs 28,450 crore in 2001-02. The bank's Chairman and Managing Director, Mr B. Vasanthan, told newspersons, ``The total advances targeted for this ... More

State Bank bets on corporate Internet banking for growth
THE State Bank of India hopes that its new `Corporate Internet Banking' model will help it get more corporate accounts this year. The bank claims to have the country's only corporate Internet banking channel, introduced last month. Individuals ... More

GOVT BONDS

Investment cap on relief bonds for retirees goes
IN a major relief to retiring employees, the Government on Monday issued a clarification that the limit of Rs 2 lakh on investments in the 8-per cent GoI Relief Bonds will not apply to investments made by retiring employees including those ... More

PERFORMANCE

Kerala: Priority lending at Rs 5,133 cr
COMMERCIAL banks in the State have disbursed Rs 5,133 crore to the priority sector till December 31, 2001 which makes for 67 per cent of the disbursement target of Rs 7,659 crore fixed for 2001-02. According to statistics presented at a meeting ... More

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