The Hindu Business Line : Friday, October 04, 2002

Curbs in call market likely to affect PDs
MARGINS of primary dealers, particularly smaller players could be affected from October 5, when restrictions on banks' lending in call money market come into effect. According to dealers, PDs will be more dependent on repos and less on the ... More

FOREX

Rupee stable; securities rise
Mumbai: THE rupee remained almost unchanged on Thursday to close at 48.3550/3575 per dollar as against its previous close of 48.3550/36 in the forex market. The market was very lacklustre, with hardly any movement in the currency. Heavy bunched ... More

PUBLIC SECTOR BANKS

Good response for UBI's `Union Rent'
`UNION Rent', a loan product from Union Bank of India specially designed for owners of buildings or portion thereof rented out to reputed companies/institutions, has received encouraging response in Kerala. Under the scheme, the equivalent of ... More

FINANCIAL INSTITUTIONS

Minister favours support for Exim Bank
THE Minister of State for Finance, Mr Anandrao Adsul, has said that financial support from the Government for the Export Import Bank of India (Exim Bank) would enable the bank to play a much larger role in boosting exports from the country. At ... More

IDBI seeks to become stand-alone bank
The merger with a state-owned bank would result in the new entity also being categorised as a public sector undertaking, taking into account the substantial equity holdings of the Government in IDBI and the banks. More

GOVT BONDS

Bonds auction
MUMBAI: The Reserve Bank of India (RBI) has announced the Rs 7,000 crore auction of two papers, the 7.27 per cent 2013 paper and the 7.95 per cent 2032 paper for October 8. The 7.27 per cent 2013 paper worth Rs 4,000 crore will be ... More

EVENTS

Karnataka Bank inspection seminar
MANGALORE: Karnataka Bank conducted a two-day seminar for the bank's inspecting officials. The seminar was organised by the bank's Staff Training College in association with its Inspection and Audit Department. According to a press ... More

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Looking back
Sep. 22-Sep. 28
NCAER concern over cost of high forex reserves

IRDA fiat on third-party cover `hurting' non-life insurers

Eighth bipartite wage settlement — IBA, union talks on Oct 18

Rules notified for NPA sale — Banks now better equipped to pursue loan defaulters