The Hindu Business Line : Saturday, July 05, 2003

Rupee touches 32-week high
THE Indian rupee continued its rally against the US dollar, backed by strong FIIs inflows. The rupee today rose to its highest level in 32 weeks touching 46.3150 before closing at 46.34 against the dollar. The rupee was last seen at these ... More

Rupee higher by 5 paise; securities lacklustre
Mumbai: THE rupee closed at 46.34 against the dollar on Friday, around 5 paise stronger, as compared to Thursday's close at 46.3975/4050. The domestic currency touched a 32-month high during intra-day at 46.3150. The market was largely ... More

INFORMATION TECHNOLOGY

Digital certificates recovery site planned
THE Institute for Development and Research in Banking Technology, a premier research organisation promoted by the Reserve Bank of India, which had also become the certifying authority for issuing digital certificates under the IT Act 2000, is ... More

PRIVATE BANKS

Despite resignations, uncertainties — Show goes on at IDBI Bank
WORK is as usual at the corporate headquarters of IDBI Bank, Kamala City, Lower Parel in Mumbai despite the CEO having put in his papers. Not only is the CEO, Mr Gunit Chadha, who is credited with having set the bank on the fast-track, ... More

ICICI Bank bid to build brand thru social work
IN order to build some brand equity by doing social service, ICICI Bank has decided to undertake a project for reducing low birth weight incidence at the village level. Undertaken by ICICI Bank's Social Initiatives Group, the bank has decided ... More

PUBLIC SECTOR BANKS

Dena Bank to enter into tie-ups for ATM sharing
DENA Bank, which has a tie-up with the Corporation Bank for sharing of the banks' ATM network, proposes to enter into similar arrangements with other banks too, the bank's Chairman and Managing Director, Mr A.G. Joshi, told a press conference on ... More

FINANCIAL INSTITUTIONS

Exim Bank's line of credit to ABSA Bank
EXPORT-IMPORT Bank of India (Exim Bank) has extended a line of credit of $10 million to ABSA Bank Ltd, the largest commercial bank in South Africa to support India's exports to that country. An agreement to this effect was signed in Pretoria on ... More

Nabard keen to support medicinal plants cultivation
THE National Bank for Agriculture and Rural Development (Nabard) is interested in enhancing credit flow to medicinal plants cultivation in Tamil Nadu, according to Dr B. Sethuraman, Deputy General Manager, Nabard. Addressing the International ... More

GOVT BONDS

Centre's bond buyback programme — Long-dated securities to replace short tenure ones
Sources said that almost all the short-dated securities are likely to be taken off the list and more long-dated securities would be included. More

INTERVIEW

`Sky is the limit for J&K Bank if peace returns'
WITH the Indian economy showing strong signs of recovery, tourists returning to the Kashmir Valley and indications of peace finally returning to Jammu and Kashmir, the State's lead banker, Mr M.Y. Khan, Chairman of Jammu and Kashmir Bank, is ... More

`Corporate governance is my priority' — Mr H.N. Sinor, Chief Executive, Indian Banks' Association
MR H.N. Sinor, who retired as the Joint Managing Director of ICICI Bank, has joined Indian Banks' Association (IBA) as its Chief Executive. Mr Sinor has had over three decades of experience in banking, both in the public and private sector. He ... More

TRENDS

PSU banks' top brass — less pay, more pressure
``IN another two to three years, when I retire, you may see me going on a bicycle", says the Chairman and Managing Director of a large public sector bank. There is both sarcasm and a trace of bitterness in the voice. The CMD was responding to a ... More

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