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Monday, July 22, 2002

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MONEY & BANKING

FOREX


No respite for dollar bulls!
The dollar's global weakness has contributed to reduced demand from importers and inter-bank players. The few remaining dollar bulls have also beaten a retreat in the inter-bank market once 48.76 broke. More

LIFE INSURANCE


LIC (South) Q1 premium income Rs 1,042 crore
THE Southern Zone of the Life Insurance Corporation of India has achieved a record total premium income of over Rs 1,000 crore in the first quarter of the current financial year. The Zone's total premium income amounted Rs 1,042 crore, as ... More

FINANCIAL MARKETS


US markets showing signs of `capitulation'?
IT was intriguing to hear that word again after a very long time. One of the analysts described the current mayhem in the US stock markets as signs of `capitulation'. Equity markets have continued to slide down and dashed hopes of any ... More

GOVT BONDS


Bond market volumes dip on liquidity fears
Trading volumes dropped to about Rs 3,200 crore last week, down from Rs 4,000 crore plus during the previous week. The volumes declined despite the hefty $784 million increase in the foreign exchange reserves to $58.79 billion. More

NON-PERFORMING ASSETS


Bill on NPA recovery puts in more action — Wilful defaulters may find going tough
THOUGH the Bill to replace the Ordinance for NPA recovery has not made any concession for any category of defaulters for action by lenders under the new law, industry's plea for a distinction between wilful and non-wilful defaulters would be met ... More

EVENTS


Investor Personal Finance Show 2002
Visitors filing in the application form for loans at the Investor Personal Finance Show 2002 at Palace Ground in Bangalore on Saturday.

More

BOOKS


The worst is over
The East Asian Currency Crisis
By Mihir Rakshit
Publishers: Oxford University Press, New Delhi
Price: Rs 545 More
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In Depth
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Jul. 14-Jul. 20
India Inc fears `harsh' steps in ordinance

SBI Life to target account holders

PSU insurers change accounting norms

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Private banks beware, big brother is watching

Bank defaults mount to Rs 80,246 cr: AIBEA

`We're quite strong, but we'll have to watch out' — Mr A. Ramamurthy, current-in-charge and Managing Director, LIC

Banks likely to resume power sector funding


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