The Hindu Business Line : Tuesday, November 19, 2002

Citicorp gets okay for PD
THE Reserve Bank of India has granted final approval to Citicorp Capital Markets Ltd to operate as a primary dealer in the Government securities market. With this, the number of PDs in the Government Securities market has gone up to ... More

FOREX

Re ends lower; gilts rise
Mumbai: THE rupee closed marginally weaker on Monday at 48.21/22 per dollar, as compared to Friday's close of 48.1975. The rupee opened at 48.18/19. Forex dealers said, although the market continued to be flushed with dollar supplies, State-run ... More

Clearing Corpn to launch free forex platform
BANKS may soon get a screen-based platform to trade in foreign currencies free of cost. The Clearing Corporation of India (CCIL) is all set to launch its forex trading platform, which will initially facilitate dollar-rupee deals without any ... More

RBI hikes forex ceiling
MUMBAI: The Reserve Bank of India has raised the limit of foreign exchange available to residents for private visits abroad to $10,000 or its equivalent, from the present limit of $5,000. Instructions in this regard have been issued to ... More

PUBLIC SECTOR BANKS

Canara Bank plans bigger presence in Kerala
CANARA Bank has embarked upon a major IT initiative by opening more Anywhere Banking centres across major cities in Kerala. The bank proposes to open two anywhere banking centres in Ernakulam and Thirunvananthapuram within a month and two more ... More

FOREIGN BANKS

StanChart to expand Scope operations
TWO years since its inception, Standard Chartered Bank's back office operations in Chennai has grown big enough to employ 2,200 people. By the end of next year, this number would have doubled, according to Mr Mervyn Davies, Group CEO, Standard ... More

GOVT BONDS

Life insurers' foray adds depth to G-secs market
DEPARTING from convention, life insurance companies have emerged as large traders in the securities markets and added greater depth to the securities markets. The new life insurance companies have begun trading to boost their yields on ... More

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New York Life keen to hike stake in Indian venture

Disclosures must not end with IPOs