The Hindu Business Line : Saturday, October 12, 2002

Re up two paise; securities flat
THE rupee closed two paise stronger at 48.3375/3425 on Friday, as compared to 48.35/36 against the dollar in the forex market. The supplies of the greenback were seen to be good with demand remaining dull in the market. Iraq having permitted ... More

Profit, loss route to forex adjustments
"The existing treatment requires exchange differences on repayment of liabilities incurred for acquisition of assets to be loaded in the cost of assets. Now such differences will have to be charged to the profit and loss account." More

NBFCS

RBI rejects Kumar Auto application

HOUSING FINANCE

HDFC finds going good
HOUSING Development Finance Corporation Ltd (HDFC) finds its bread buttered on both sides. On the one hand, the cost of funds is falling — is now at less than 8 per cent. On the other, the demand for housing loans is going up. According ... More

GENERAL INSURANCE

Cap on health riders in life policies — IRDA makes insurers uneasy
HEALTH is threatening to become a perennial source of concern for the Insurance Regulatory and Development Authority (IRDA). Days after the insurance regulator brought smiles among life insurers through its decision to go easy on the cap on ... More

DEBT MARKET

Liquidity overhang pulls down real yields
THE liquidity overhang in the banking system is beginning to push down real yields and real interest rates to two-decade lows. Real yields/real interest rates are the difference between the nominal rates and inflation rates. Currently, the ... More

PRIVATE BANKS

Bank of Punjab's `Mobile Wallet'
BANK of Punjab has launched `Mobile Wallet', a payment mechanism whereby a customer holding a debit or credit card can make a purchase by sending messages through the mobile phone for the payment. The bank in turn would send a message ... More

Telebanking from Dhanalakshmi Bank
KOCHI: Film star Samyukta Varma inaugurated the telebanking facility of Dhanalakshmi Bank at Thrissur. By making use of this facility, customers can get details of their accounts, latest interest rates prevailing for deposits and can ... More

PUBLIC SECTOR BANKS

Elected to BoI board

FINANCIAL INSTITUTIONS

REC cuts rates for short-term loans
RURAL Electrification Corporation (REC) has reduced the lending rates on short-term loans by 0.50 per cent, according to an official release. The company has also introduced two new loan instruments — short-term loans having a two and ... More

GOVT BONDS

Bonds auction

CORPORATE BONDS

`AA(Ind)' for ACC programme

SHORT TERM INSTRUMENTS

PDs can lend 25 per cent in call market
PRIMARY Dealers (PDs) are free to lend up to 25 per cent of their net-owned funds on `an average basis during a reporting fortnight' instead of on a daily basis, in the call/notice money market, effective from October 5. This is in response to ... More

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Pick a Winner Stock Market Contest

`Maruti has no plans to jettison 800 cc' — Mr Kinji Saito, Director (Marketing and Sales), MUL

Cap on health riders in life policies — IRDA makes insurers uneasy

Rs 458-cr Jute Tech Mission to be launched soon

Manufacturing lifts industrial output to 5.7 pc in August

Homing in on luxurious living

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Sep. 29-Oct. 5
Dissenting bank unions may join wage talks

Film financing: Are banks missing an opportunity?

IDBI seeks to become stand-alone bank

LIC says no to takeover of term loans by banks

Affordable insurance cover against cancer