The Hindu Business Line : Monday, November 04, 2002

Nothing new for the rupee!
A FAIRLY busy week for the rupee as it bobbed up to 48.33 after touching its week low of 48.47. The fall was mainly due to the " month-end" demand for dollars. Now almost all importers, particularly the big ticket ones, are covering their ... More

CREDIT POLICY

Another big bang policy
Given the current easy liquidity situation, the overnight rate broadly hugs the repo rate and hence at this point the repo rate becomes the single most important determinant of interest rates in the economy. More

HOUSING FINANCE

Syndicate Bank cuts home loan rates
SYNDICATE Bank has reduced the interest rates on its housing loans belonging to both floating and fixed interest categories. The new floating interest rates are 9.5 per cent per annum with repayment period up to five years, 10 per cent per ... More

CREDIT RATING

Sterlite Optical debt issue downgraded

DEBT MARKET

Liquidity overhang pulls down yields
BOND markets went into a tizzy during the week propelled by the reduction in the cash reserve ratio, bank rate and the repo rate though stabilised towards the weekend due to profit-taking. The 10-year yield hit a low of 6.93 per cent last ... More

HUMAN RESOURCES

Corpn Bank meet on Hindi training

PRIVATE BANKS

Karnataka Bank chief stresses on value-addition
BANKERS have an enormous responsibility of functioning with narrow spreads under the reducing interest rate regime, according to the Karnataka Bank Chairman, Mr Ananthakrishna. Addressing the regional heads of the bank at a review conference ... More

South Indian Bank ATM in Kovai
THE sixth ATM of the South Indian Bank and its first online ATM outside its home state of Kerala was inaugurated by the bank's Chairman Mr A. Sethumadhavan in Coimbatore. He later disclosed that two more ATMs would be activated in the city ... More

PUBLIC SECTOR BANKS

Andhra Bank cuts PLR, deposit rates
IN a move to pass on the benefits to the borrowers following the mid-term review of monetary policy by the Reserve Bank of India recently, Andhra Bank has decided to reduce its prime-lending rate (PLR) from the existing 11.75 per cent to 11.50 ... More

Canara Bank equity capital reduced
CANARA Bank has returned 48 per cent of its equity capital to the Government of India, aggregating Rs 277.87 crore. The bank's equity capital now stands reduced to Rs 300 crore from Rs 577.87 crore, said a spokesperson for the bank. Canara ... More

Essay-writing competition for students

FINANCIAL INSTITUTIONS

Govt passes IFCI bailout buck to shareholders
PARENTAGE is set to create trouble for IFCI Ltd in its revival efforts. After months of toying with the idea of being the focal point of framing a support package for the ailing institution, the Government now appears to be all set to wash its ... More

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