The Hindu Business Line : Tuesday, May 28, 2002

Variety marks banks' application of AS-17
VARIETY, they say is the spice of life. That holds true for accounting statements also, notwithstanding regulatory moves to introduce standardisation and uniformity in reporting financial results. Take for instance, the SEBI requirement that ... More

FOREX

Re strengthens; gilts fall
Mumbai: THE rupee strengthened on Monday to close at 48.9650/97, as compared to its previous close of 48.9850/99 in a lacklustre forex market. Dealers said that markets were dull, characterised by scant dollar demand along with some supplies. ... More

HOUSING FINANCE

BoB Housing Finance net at Rs 11 crore
BOB Housing Finance Ltd has posted a 23 per cent rise in net profit at Rs 11 crore for the year ended March 31, 2002. Gross income for the company has increased by 34 per cent to Rs 57.35 crore as on March 31, 2002 (Rs 42.86 crore). The ... More

CREDIT RATING

Regency Ceramics NCD gets `Care A'
HYDERABAD: Credit Analysis & Research Ltd (CARE) has assigned `Care A' rating to the proposed Rs 15-crore non-convertible debenture (NCD) issue of Regency Ceramics Ltd (RCL). Instruments with rating are considered upper medium grade and ... More

HUMAN RESOURCES

With jobs shrinking in the pvt sector -- No dearth of talent for banks to tap
A SHRINKING job market in which even reputed institutions are finding it hard to place their students appears to have come as a blessing for public sector banks. With queries from job seekers on the rise, public sector banks have been able to ... More

RBI & OTHER CENTRAL BANKS

Closer watch on financial sector -- Pvt debt issue to be tightened
The regulators in the financial sector have come under fire over the last year or two, as some officials term it, for "their pro-active stand after a scam breaks out much like the way the cops behave in Hindi movies." More

NPA breather on roll-overs -- RBI stance gives IFCI some relief
IN a major softening of stand, the Reserve Bank of India (RBI) has agreed to grant case-by-case exemption to banks deciding to roll over their investments in IFCI Ltd from their rolled over amounts being treated as non-performing asset (NPA) as ... More

RBI clears over 38 lakh cheques

PRIVATE BANKS

Karur Vysya Bank net rises 51 pc
KARUR Vysya Bank has registered a 50.6 per cent growth in net profit for the fiscal ended March 2002. Its bottom line for the just concluded fiscal crossed the Rs 100-crore mark to touch Rs 108.51 crore as against Rs 72.05 crore for the year ... More

ICICI gets into BPO, invests Rs 200 cr
THE ICICI group today announced its foray into the Business Process Outsourcing (BPO) space with the launch of ICICI OneSource Ltd. The group has invested around Rs 200 crore in the venture, of which Rs 120 crore has already been deployed and Rs ... More

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Proof of identity may shrink pre-paid base

ICICI gets into BPO, invests Rs 200 cr

Variety marks banks' application of AS-17

Strong trend in gold raises expectations

Dairy industry upset with US Farm Bill

Challenges before the Railways

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
May. 19-May. 25
Forex reserves up $92 m at $55.71 b

RBI bans physical deals with brokers

LIC agent, a millionaire?

Indian Bank posts net profit after six years

SBI may announce second VRS