The Hindu Business Line : Wednesday, July 30, 2003

Rupee marginally up
MUMBAI: The rupee rose a tad to end the day at 46.1150/1250 against the dollar in the currency markets on Tuesday. The rupee opened the day at 46.1300/1500 touched an intra-day high of 46.1150 and an intra-day low of 46.1775 against the ... More

LIFE INSURANCE

Tata AIG launches insurance package for the rural poor
IN a move aimed at boosting its rural insurance programme in the country, Tata AIG Life Insurance Company Ltd on Tuesday announced the launch of `Project Micro-Insurance' for alleviating poverty among the landless daily-waged rural poor in Andhra ... More

GENERAL INSURANCE

Reinsurance rates softening
The softening is partly due to the fact that all the losses on account of the 9/11 attack and European floods have already been fully provisioned for by the insurers. Besides, new reinsurers from Japan, Europe and the US have entered the markets. More

PRIVATE BANKS

Retail focus helps IndusInd post Q1 net of Rs 25 crore
INDUSIND Bank has posted a net profit of Rs 24.64 crore for the first quarter ended June 30, 2003. This is not comparable with the first quarter of the previous year, since these figures include the results of IndusInd Enterprises & Finance Ltd ... More

CSB keen to tap northern market

PUBLIC SECTOR BANKS

PSBs' education loans up 71 pc last fiscal
The number of beneficiaries has also shown a sharp increase of about 69 per cent during 2002-03 over the previous year with 2,54,098 students borrowing against 1,49,755 students in 2001-02. More

SBI switching over to Single Window System
MOVING from the rigid system of offering counter-specific service, the Coimbatore Module of State Bank of India (SBI) is preparing the ground for a single point delivery, albeit in a phased manner. SBI Coimbatore Module has already initiated ... More

PNB net up 24.5 pc

GOVT BONDS

AP: Loan tap issue announced

PEOPLE

US Fed: New star on the horizon
HIS name is Mr Ben Bernanke. He was on the economics faculty of Princeton University before being drafted as a (permanent) voting member of the Federal Reserve Open Market Committee (FOMC), which decides on interest rate and monetary policy in ... More

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