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Sunday, August 11, 2002

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MONEY & BANKING

FARM CREDIT


Govt in fix over Ministry's waiver move on farm loans — To cost Rs 6,000 cr for banking sector
According to officials, the proposal did not tantamount to populism because what was being sought was only a waiver of the interest component and not the entire loan per se. More

FINANCIAL SERVICES


PNB Gilts: Buy
THE market for debt, such as government securities, is sensitive to a number of developments. Be it political friction in West Asia or a disastrous monsoon, the debt market feels the impact. Any development that may impact the level of interest ... More

FOREX


Forex reserves cross $60 b
THE country's forex reserves have breached the $60-billion mark, rising by $281 million to touch $60.148 billion for the week ended August 2, 2002, as per the Reserve Bank of India's (RBI) Weekly Statistical Supplement (W.S.S). Reserves have ... More

NBFCS


A. F. Ferguson holding a tiger by the tail
TRUST and reputation are the two biggest assets for an audit firm. A. F. Ferguson & Co (AFF) appears to have just mortgaged them in distress. The "withdrawal" of the firm's special report on Tata Finance (TFL), shocking and unprecedented as it ... More

HOUSING FINANCE


Dewan Housing Finance — Build on it
DEWAN Housing Finance (DHF) is a Rs 115-crore company providing housing loans. The company has been in the housing finance business since 1984, and operates largely in western and southern India. DHF offers cumulative and non-cumulative ... More

LIFE INSURANCE


Term Assurance Plans: Re-assuring
TERM insurance plans embody the concept of insurance at its barest. Policy-holders pay premiums to cover their life for a contracted term. On the term's expiry, the cover ceases without any maturity benefits. This is because term insurance plans ... More

CREDIT RATING


ICRA assigns A1+ to Global Trade
MUMBAI: ICRA has assigned an A1+ rating to the Rs 100-crore commercial paper programme of Global Trade Finance (GTF), an export factoring and forfaiting agency. The rating indicated the company's superior repayment capacity of its ... More

RBI & OTHER CENTRAL BANKS


RBI to hire from engg campuses
THERE is likely to be a new recruiter on the prowl, waiting to pouch the best talent available on engineering college campuses in the next year - The Reserve Bank of India. The RBI normally picks its manpower based on competitive exams ... More

PUBLIC SECTOR BANKS


Corporation Bank: Buy
FRESH investments can be considered in the Corporation Bank stock, which is now trading at Rs 108, at a considerable discount to its book value. The stock appears under valued even when adjusted for the rising non-performing assets. ... More

FINANCIAL INSTITUTIONS


IDBI Flexibonds 14 — Not out of the woods, yet
Recommedation:
Regular Income: Avoid
Growing Interest: Subscribe
Monthly Multiplier: Avoid
Retirement: Avoid
More

Exim Bank pays dividend
MUMBAI: Exim Bank of India has paid a dividend of Rs 42 crore to the Government of India, for the financial year ended March 31, 2002. The dividend payout amounted to 24.5 per cent of the bank's net profit after a tax of Rs 171 crore ... More

INTEREST RATES


Interest rate decline — No end in sight
THE coupon rate on a one-year deposit offered by one of the major companies in south India accepting fixed deposits, Madras Cements, has declined to 7 per cent. Slowly, but surely, interest rates on shorter-term deposits are also on their way ... More
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Top Stories
DCA makes secretarial audit mandatory for cos


Naidu bullish on PPP model

Students make a beeline for foreign professional courses

Govt to seek bids for airport projects by Sept

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Aug. 4-Aug. 10
IBA group mulls lower rates on rural credit

As insurers resort to undercutting — IRDA panel hikes penalty for breach of tariff norms

IBA for speedy disposal of loan applications

No investment limits on new tax-free bonds

Mortgage-backed securities begin to gain acceptance

Cross-selling, the new mantra for pvt banks


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