The Hindu Business Line : Sunday, June 02, 2002

Forex reserves rise $242 m
FOREX reserves gained by $ 242 million to $ 55.815 billion for the week ended May 24 as compared to $ 55.573 billion in the previous week, thus reversing last week's trend which saw reserves dipping for the first time in eight months. ... More

INSURANCE

Insurance bonus announcements
LAST month, HDFC Standard Life declared its second reversionary bonus. And over the past week, Tata AIG declared its first bonus payment since commencing its operations. So, what does this have in store for you? If you have purchased a policy ... More

NBFCS

Kotak Mahindra Finance: Creditworthy
WITH interest rates ruling weak, the options in fixed income programmes are getting rather limited. In this backdrop, the fixed deposit programme of Kotak Mahindra Finance could be a good option for investors with a low-to-medium risk profile. ... More

PUBLIC SECTOR BANKS

SBBJ net up 56 pc
STATE Bank of Bikaner and Jaipur (SBBJ) has registered a 56 per cent rise in net profits at Rs 164.50 crore for the year ended March 31, 2002 as compared to Rs 105.37 crore in the previous year. Addressing presspersons here on Saturday, Mr N.K. ... More

State Bank of Patiala net up 45 pc
STATE Bank of Patiala (SBP) has declared a net profit of Rs 232.94 crore for 2001-02, a 44.59 per cent rise over the previous year's Rs 161.10 crore. The bank, whose entire equity is held by State Bank of India (SBI), has declared a dividend of ... More

UCO Bank to set off losses against capital
THE UCO Bank has sought the Government's permission to set off its accumulated losses of about Rs 1,700 crore against its capital. The permission is expected in July, the bank's Chairman and Managing Director, Mr V.P. Shetty, has said. At a ... More

FINANCIAL INSTITUTIONS

IDBI plans to cut NPAs to below 5 pc
INDUSTRIAL Development Bank of India (IDBI) is planning to bring down non-performing assets (NPAs) to below five per cent of its total loan portfolio by the end of the fiscal year 2002-03. It currently stands at 11.69 per cent. Asset recovery and ... More

GOVT BONDS

Govt stock re-issue
THE Government has announced the re-issue of two securities for an aggregate amount of Rs 6,000 crore to the RBI on private placement basis. The 7.49 per cent Government stock, 2017 will be issued for a notified amount of Rs 4,000 crore with ... More

CREDIT CARDS & DEBIT CARDS

Securitising credit card receivables
STANDARD Chartered Grindlays is reportedly looking to securitising its credit card receivables. How are credit card receivables securitised? Securitisation means issuing securities backed by some collateral. In credit-card receivables ... More

PEOPLE

Top-level changes in PSU insurance cos -- P.C. Ghosh may take over as GIC Chairman
AS part of the top-level changes in the public sector insurance sector, Mr P.C. Ghosh is likely to take over as chairman of the national re-insurer, General Insurance Corporation Ltd (GIC). Mr Ghosh is currently the Managing Director of GIC. ... More

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Exports recover, up 18% in April

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
May. 26-Jun. 1
Variety marks banks' application of AS-17

ICICI gets into BPO, invests Rs 200 cr

Forex reserves dip $139 m after eight-month rise

Oriental Insurance officers' plea on transfers rejected

Confidence in strong global recovery waning, says BIS

Public sector bank profits show 100 pc growth