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Sunday, December 08, 2002

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MONEY & BANKING

FOREX


Forex reserves close to Rs 67 b
THE foreign exchange reserves rose by $ 337 million to touch $66.925 billion for the week ended November 29, as compared to $66.588 billion in the previous week, according to the the Reserve Bank of India. "The increase in forex reserves is due ... More

NBFCS


Cholamandalam Investment & Finance: A safe `nest'
CONSIDERING the current decline in the interest levels, the fixed deposit programme of Cholamandalam Investment and Finance Company is a good option for investors. Cholamandalam is among the better-managed NBFCs operating now and its credit ... More

HOUSING FINANCE


Birla Home's loan deposit scheme
Birla Home Finance has launched a new housing loan product — Easy Home Loan Deposit Scheme, a loan product linked to fixed deposit. The scheme requires a member to save on a monthly or quarterly basis for a period of three-five years, ... More

CONSUMER FINANCE


Personal loans: Quick and easy
WONDERING how to fund a wedding in the family, or renovate your old house or get your daughter admitted in college? Think no more! Head straight for a personal loan. Personal loans are one of the most preferred options for financing ... More

LIFE INSURANCE


Riders in insurance policies
RIDERS are add-ons to the basic insurance policy to supplement the cover provided. One can also combine a set of riders and append it to the main policy. The premiums will, obviously, undergo an upward revision, depending on the rider or a ... More

Choosing a term assurance policy
ONCE one has decided on a term assurance policy, a few other factors need to be considered. Most of the companies covered in this article offer riders. The most popular riders are ones that pay a higher sum assured in the event a policyholder ... More

Home insurance from SBI Life
SBI Life Insurance has introduced a home loan insurance scheme for the customers of Sundaram Home Finance. With this scheme, customers of Sundaram Home Finance now have the choice of getting a life insurance cover along with their housing ... More

PRIVATE BANKS


Sabre Cap begins due diligence of Centurion
SABRE Capital Worldwide Inc, a private equity fund promoted by the former Standard Chartered chief, Mr Rana Talwar, is conducting an exclusive due diligence of Centurion Bank for a possible capital infusion, Centurion Bank said today. Mr R. ... More

PUBLIC SECTOR BANKS


PSU banks plan loan syndication cartel
THERE'S bad news for big borrowers. The country's public sector banks, at least the big few, are understood to be sounding one another out to create a cartel in the loan syndication market. Highly placed banking sources told Business Line ... More

GOVT BONDS


RBI to adjust capital bonds for inflation
The repayment of 6 per cent capital index bonds 2002 issued in December 1999 and due on December 29, 2002 will be adjusted for inflation. The repayment amount per Rs 100 of nominal value of the bonds, after taking into account conversion ... More

CREDIT CARDS & DEBIT CARDS


SBI launches `Cash Plus' Maestro debit card
State Bank of India has launched SBI Cash Plus, its Maestro debit card that allows its customers to access their deposit accounts from ATM's and merchant establishments. The bank has tied up with Mastercard International for participation in ... More
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