The Hindu Business Line : Saturday, September 14, 2002

Forex remittance norms eased
MUMBAI: Authorised dealers in foreign exchange have been permitted to remit amounts in excess of $1,00,000 per project for consultancy services procured outside India through Exchange Earners Foreign Currency (EEFC) accounts, without ... More

Re at 7-month high; gilts fall
Mumbai: THE rupee closed on Friday at seven months high of 48.4200/4250 as compared to Thursday's close of 48.45/4550 in the forex market. "The market was seen to be very dull with little demand for the dollar,'' said a dealer. Heavy inflows ... More

BANKING

Vote for voting rights
FOR voting rights of shareholders in banks to change an entire set of Acts has to be changed by Parliament and the Finance Ministry is in no mood for it. Voting rights (as they stand now) vary with the organisational structure of the banks. ... More

HOUSING FINANCE

No pressure on profit margins, says HDFC
DESPITE slashing interest rates on advances several times in the recent past, Housing Development Finance Corporation Ltd (HDFC), the market leader in the housing finance sector with over 50 per cent share, finds "no pressure on its profit ... More

ICICI Home Finance to hold property show
ICICI Bank Home Loans and ICICI Bank Home Search, the property search division of ICICI Bank, will hold a three-day property exhibition at Hotel Samrat in the Capital from September 14 to 16. The exhibition, styled ICICI Bank Home Utsav, will ... More

PRIVATE BANKS

IDBI Bank gets BNP `merchant' portfolio
IDBI Bank has acquired a portfolio of over 2,500 merchants establishments from the French Bank, BNP Paribas. This acquisition is in anticipation of the bank's launch of its debit card. The bank's `Visa Electron Debit Card' is to be issued to ... More

PUBLIC SECTOR BANKS

Currency note exchange drive

FINANCIAL INSTITUTIONS

Much at stake for Govt in IFCI bail-out
The Government would insist on a severe curtailment of the functions of the institution including bringing to a complete halt to its lending operations in the coming future. More

NON-PERFORMING ASSETS

SBBJ issues 409 notices to defaulters
STATE Bank of Bikaner and Jaipur (SBBJ) has issued 409 notices to wilful defaulters. The total amount locked up in these accounts is to the tune of Rs 41 crore. The notices have been issued under the recently promulgated `Securitisation and ... More

SHORT TERM INSTRUMENTS

Crunch in call money despite surplus liquidity
In the inter-bank call money market on Friday, the call rates went as high as 6.25 per cent. Said the chief dealer of a primary dealer, "Call rates have not crossed six per cent in several months.'' However, there is certainly surplus ... More

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