The Hindu Business Line : Thursday, November 21, 2002

Moody's holds talks with Govt on rating review
OFFICIALS of the global credit rating agency, Moody's Investors Service today held discussions with senior Finance Ministry officials, ahead of the promised upgrade of India's foreign currency rating. Last week, Moody's had said that India's ... More

Re slips; gilts lose gains
Mumbai: THE rupee closed a tad weaker on Wednesday at 48.2225/2325 against the dollar, as compared to Monday's close of 48.21/22 in the forex market. The inflows of the dollar were not up to our expectations and therefore it was a lacklustre ... More

NBFCS

SBI Kerala, Shriram ink pact for truck finance
SIL will assist designated branches of SBI with identifying eligible beneficiaries for finance and help them complete formalities connected with loan disbursement and registration of vehicles. More

HOUSING FINANCE

Canara Bank cuts home loan rates
BANGALORE Canara Bank has reduced housing loan interest rates by 25 basis points. A bank release said that the interest on floating rate home loans for five years now stands at 9.25 per cent and for the fixed rate loans it is 9.50 per ... More

LIFE INSURANCE

SBI Life parking monies in index, mutual funds
SBI Life has begun investing in index funds and some mutual funds in a bid to keep the average return on investments high and simultaneously restrict investment risks. Speaking to Business Line, Mr R. Krishnamurthy, Managing Director ... More

FOREIGN BANKS

Citibank launches foreign currency a/c
FOLLOWING Reserve Bank of India permitting resident Indians to open foreign currency accounts, Citibank has launched the starting of foreign currency accounts. Citibank has become the second bank to start this facility after Standard Chartered ... More

CREDIT CARDS & DEBIT CARDS

SBI launches debit card in Kolkata
STATE Bank of India announced here on Tuesday the launch of its SBI Cash and Maestro Debit card that allows customers to access their deposit accounts from ATMs and merchant establishments. While SBI Cash upgrades the bank's existing ... More

Andhra Bank cuts rates on credit card rollover balance
THOUGH bank interest rates have been on the decline and there is excess liquidity in the market, the one segment that has remained immune to this and still has been subjected to a heavy dose of interest is the credit card segment. Various ... More

ALLIANCES & JOINT VENTURES

KVB, UTI Bank to share ATMs
KARUR Vysya Bank (KVB) and UTI Bank have tied up to share their automated teller machines (ATMs). This arrangement is aimed at offering customers of both bank's the facility of using the combined network of ATMs, both existing and proposed of ... More

IPOS

Allahabad Bank board to finalise share allotment
THE board of directors of Allahabad Bank will meet at Hyderabad on November 23 to finalise the allotment of shares following the recent public issue. It might be noted that the issue was oversubscribed by three times. A spokesman for the bank ... More

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