The Hindu Business Line : Monday, May 12, 2003

UCO Bank public issue likely in July
UCO Bank is planning to come out with the public issue sometime in July or August, according to Mr V.P. Shetty, Chairman and Managing Director of the bank. "We have sought the Government's approval and we hope to get it, together with RBI's ... More

Rs 28 lakh dues settled in Coimbatore Lok Adalat

FOREIGN BANKS

SARS outbreak in Hong Kong — It's business as usual for HSBC India
MULTINATIONAL banking major HSBC India is ready with a contingency plan for itself to deal with any situation arising out of a possible outbreak of the Severe Acute Respiratory Syndrome (SARS) and its likely impact on conduct of business ... More

FINANCIAL INSTITUTIONS

NSIC cuts hire purchase rates
NATIONAL Small Industries Corporation (NSIC), one of the approved lending agencies for financing the textile technology upgradation fund scheme (TUFS) projects, has announced cut in the interest rate ranging from one per cent to 1.5 per cent for ... More

GOVT BONDS

Bond market continues to be in strength
AS per broad expectation, Dr Jalan kept the repo rate unchanged and slashed the bank rate by 25 basis points in the monetary policy. At the same time, at places more than one in the policy document, he tried to say that there might not be ... More

Traders wait for RBI move on repo rates
Traders expect the RBI to decide on repo rates soon, in view of the movements in the 91-day T-bill auction yields. More

NON-PERFORMING ASSETS

High-value loan defaulters still stay off — One-time settlement plan to be extended
WITH high-value loan defaulters continuing to elude the recovery trap set for them against the backdrop of threat of action under the Securitisation Act, the one-time settlement (OTS) scheme for defaults up to Rs 10 crore is set to be extended by ... More

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