The Hindu Business Line : Monday, April 29, 2002

Rising US current a/c deficit cause for worry
Faster growth of imports relative to exports has fuelled a massive current account deficit in the US, currently at $400 billion. Since 1995, this has not been a major problem, but this deficit is slated to rise. More

American recovery on shaky foundation
First quarter data for this year shows that there has been an 8 per cent drop in durable goods orders over the last quarter. Even business spending has fallen by 5.7 per cent over the same period. This puts into doubt the ability of consumer spending to hold up. More

CREDIT RATING

The significance of Credit Rating Migration
WHAT is common between K-Mart, Enron, Sogo, .....? They aree firms of repute who have filed for bankruptcy protection. With the economic downturn looming large over most industries across geographical boundaries for the past two years and no ... More

PRIVATE BANKS

Catholic Syrian net zooms to Rs 37 cr
THE Thrissur-based Catholic Syrian Bank has announced a three-fold growth in its net profit for the year 2001-02. The net profit of the bank grew by 330 per cent to touch Rs 37.12 crore (Rs 11.25 crore). This is the highest profit posted by ... More

INTEREST RATES

Cut in savings bank rates expected
TOP officials of the banking industry have said that they expect a cut in the interest rate on savings bank deposits - the only administered rate today. Their logic is this: today for almost all the banks, profitability is under a tremendous ... More

GOVT BONDS

Bond markets look to Credit Policy for direction
BOND markets were subdued last week as traders waited for the lean season Credit Policy announcement. Yields as a result remained flat. The ten-year yield to maturity (YTM) improved slightly last week to 7.28 per cent as compared to the ... More

IPOS

UCO Bank plans IPO next year

CO-OPERATIVES

No separate supervisor for urban co-op banks
The Government's decision to oppose the RBI proposal would come as a relief to the UCBs which had expressed serious reservations against it. More

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`Declare Krishnagiri mango belt an export zone'

`Usha Intl making the most of China factor'

Lisle plans stake in 2 software cos -- `Partner network is win-win model'

No separate supervisor for urban co-op banks

DoT, FIs may oppose Batata-BPL merger

Cut in savings bank rates expected

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Apr. 21-Apr. 27
Bank on security rules to tackle armed attack

Investment cap on relief bonds for retirees goes

Oriental Insurance set to restructure workforce

Bank of Baroda extends Rs 100-cr credit to IFCI

New motor insurance tariffs by mid-May

HDFC Standard does Rs 1,266-cr business