The Hindu Business Line : Monday, May 20, 2002

Citicorp Fin to take 20% stake in Magma Leasing
CITICORP Finance India Ltd, a wholly-owned outfit of Citicorp, US, has decided to invest 20 per cent in Magma Leasing's equity (it will pick up 28,26,600 shares). An expression of interest from Citicorp confirming such an investment decision has ... More

HOUSING FINANCE

UCO Bank to focus on home loans
UCO Bank has identified home loan as its thrust area. The bank's housing loan, provided under the UCO Shelter Scheme, attracts 10.25 per cent interest, which is the lowest in the industry, claims a UCO Bank press release. The bank has also ... More

GOVT BONDS

10-year yields may not fall much below 8 pc
The pipeline of primary supply will ensure that ten-year yields at best straddle the 8.0 per cent level, if not go higher. The situation can change only if the RBI steps in and cuts the bank rate, which in the current circumstances looks unlikely. More

Bankers chasing sound credit instruments: G-secs not much fancied
Securities chasing days are over for the banks and now the credit chase is on. Yet, few bankers are interested in pursuing low quality credits. Unless credit security is in place, in the form of firm cash flows, bankers still prefer to stay away from credit. Consequently, the push is for credits where there are Government or high quality orders backing the borrowers. More

BOOKS

Managing Non-Performing Assets in Banks
By S. N. Bidani
Publishers: Vision Books, New Delhi
Price: Rs 325 More

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A polarised society that is Gujarat

It's a roller-coaster ride -- Steel gains 20% in M-cap; entertainment loses 15 pc

To increase oilseeds acreage: Solvent extractors seek sops for de-oiled cake exports

Nasscom-McKinsey report: `Call centres must rev up domain expertise'

Salaried employees can perk up: Easier norms likely for cars, cards, club expenses

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
May. 12-May. 18
No book-building route for Canara Bank IPO