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Sunday, June 30, 2002

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MONEY & BANKING

FOREX


Forex reserves rise by $542 m
FOREX reserves have increased by $ 542 million to $ 57.066 billion for the week ended June 21, 2002 as compared to $ 56.524 billion in the previous week. Foreign currency assets held in the reserves increased by $ 542 million to $ 53.808 ... More

GENERAL INSURANCE


Motor tariffs face glitch
IN what might just about spoil the party for insurance companies, the implementation of the much-awaited motor tariff hikes could be delayed on account of a pending case at the High Court of Calcutta. With the weekend intervening before the new ... More

Overseas Mediclaim Policies — Passport to a safe journey
OVERSEAS Mediclaim Policies also give you long-term cover while abroad for studies or on employment. Also in the offing is cover for businesspersons or executives who go foreign jaunts frequently. Corporate frequent ... More

DEBT MARKET


Bonds carry limited upside
THE yield curve shifted downwards week-on-week. The 10-year bond yield, for instance, fell 25 bps over the previous week. Going forward, the bonds carry an upward bias. Consider the reasons. First, the RBI cut the repo rate by 25 bps to 5.75 ... More

PRIVATE BANKS


GTB net suffers 60 pc fall
WELL in line with the market expectations, the private sector Global Trust Bank (GTB), has suffered a fall of 59.74 per cent in net profit for the year ended March 31, 2002, at Rs 40.26 crore against Rs 80.33 crore in the previous year. The ... More

MERGERS & ACQUISITIONS


ING to hike stake in Vysya Bank to 49 pc
THE Dutch financial services major ING group has decided to further consolidate its equity holding in Vysya Bank to 49 per cent. The ING group expressed its interest in increasing its holding to the Vysya Bank management, as the current ... More

TRENDS


Bank credit drops by Rs 152 cr
BANK credit has declined by Rs 152 crore over the fortnight to Rs 6,43,884 crore as on June 14, 2002, as per the weekly statistical supplement (WSS) of the Reserve Bank of India. While food credit dipped by Rs 224 crore to Rs 60,446 crore, ... More
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Top Stories
RSP is keen on improving marketability of products — Interview with Dr Sanak Misra, acting Managing Director


Dumping: WTO panel rules in favour of SAIL

ING to hike stake in Vysya Bank to 49 pc

Keeping family businesses ticking

GTB net suffers 60 pc fall

In Depth
Gender Justice
Simple Economics
Guide to derivatives
Looking back
Jun. 23-Jun. 29
IRDA emerges favourite as new pension regulator

Depositor preferences remain in 1-3 yr bucket

Farmers don't fancy credit card facility

No plans for fresh VRS offer in banks

What ails co-operative banking?

Canara Bank plans IPO in Q3

NHB to get mortgage-backed securities listed on NSE


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