The Hindu Business Line : Monday, April 28, 2003

Hudco net zooms to Rs 265 crore — Plan afoot to hive off Hudco Niwas
"This spectacular growth in all parameters has been possible because of continuous monitoring and review. Greater power was given to regional offices to sanction loans. Hudco has managed to shed its public sector tag and respond to the highly competi tive market," Mr Kumar said. More

GOVT BONDS

Bank rate likely to be cut by 25 basis points
A 25 basis point cut in the bank rate looks most likely. Clearly, the bank rate is out of line with the other rates, thanks to sharp cuts in the repo rate in the past. More

High-coupon papers scarce in the market
Most banks now want to completely exit from State-guaranteed debts to cut their exposures given past history of defaults and overdue payments More

MORTGAGE

NHB in four-way joint venture — Housing mortgage guarantee co soon
IN order to give a fillip to the housing loan securitisation markets in the country, a new vehicle is to be set up as a four-way joint venture company. Sources said that National Housing Bank (NHB), American Insurance Group (AIG), Asian ... More

CO-OPERATIVES

Co-op banks continue to tumble in Gujarat
IT is only days since the investing public of Gujarat shrugged off the `run' on ICICI Bank. Now, two more urban co-operative banks (UCBs) in the State have gone bust. The Nadiad Mercantile Co-operative Bank (NMCB) got suspended from clearing ... More

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