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Monday, June 17, 2002

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FOREX


Rupee movement hinges on dollar inflows
WITH conciliatory moves by India in the present stand-off with Pakistan and with market concerns abating, the rupee gained some breathing space against the dollar last week. In any case, dips below the 49 levels found good buying of the US unit. ... More

Won and yen: A study in contrast
The Korean response is interesting given the striking similarity in the overall economic profiles of the two countries — Korea and Japan. The response, though, is well explained when one takes into account the vastly different stages of the eco nomic cycle in which the two countries find themselves currently. More

HOUSING FINANCE


Housing finance cos report good business at expo
AS many as 76 flats valued at Rs 11.46 crore were sold at the recently held Indian exhibition for real estate developers and housing finance companies in Dubai. The housing finance companies reported sanctioning Rs 13.65 crore through 91 spot ... More

PUBLIC SECTOR BANKS


A time bomb ticking for banks
OVER the last week, there had been a lot of patting on the back. The Finance Ministry led by the Minister onwards has been fulsome in its praise for the State-owned banks for their achievements in terms of profits and lower NPAs during the last ... More

Banks urged to raise CD ratio in Kerala
THE Chief Minister, Mr A.K. Antony, has called upon banks operating in the State to raise the credit-deposit (CD) ratio to 60 per cent. Addressing the State-level Banking Consultative Committee meeting, he said that this was necessary in view ... More

GOVT BONDS


Housing mortgages turning attractive
THE bull charge resumed in the bond markets after a gap of almost three months. The sentiments were fuelled by the possibility of conflict on the western frontiers having substantially wakened. Traders say that with the markets once again ... More

RBI strategy bristles with risk for banks
The RBI has managed to stabilise the market in the short-term, but the sentiment is such that any primary supply will again break the market. There is complete investor apathy. In spite of sitting on loads of cash, investment banks are at best buying T-bills. More

SECURITISATION


Cash-strapped States may clutch at securitisation -- TN interest in ICICI Bank product on ST deferrals
WITH securitisation as a concept gaining ground, cash-strapped State Governments too have started looking at this as an option to get some immediate funds. The options for the State Governments are many. For instance, one of the sources that ... More

FIXED DEPOSITS


Banks told to submit details of deposit rate structure
THE Reserve Bank of India has asked all commercial banks to submit details of their deposit rate structure. This follows a study by the Delhi-based Indian Statistical Institute, claiming that the existing deposit rate structure is biased ... More

CO-OPERATIVES


RBI against urban co-op banks setting up primary dealer
"The RBI is not keen that the co-operative banks float a separate PD at this stage. It appears that the central bank feels that co-operative banks should not diversify into different areas at this stage.'' More

KSCARDB net at Rs 8.58 cr
The bank has also decided to waive penal interest on housing loans of up to Rs 2 lakh and on all agricultural loans. More


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