The Hindu Business Line : Wednesday, August 06, 2003

Rupee: Gains will continue
THE rupee is on a bull run. Over the past year or so, it has moved up from the Rs 49 level to a little over Rs 46 against the dollar, translating into appreciation of about 6 per cent. In this period, China, India's biggest trade rival, has ... More

Rupee firms up; gilts range bound
MUMBAI: The rupee on Tuesday closed two paise higher on good inflows at 46.115/12 against the dollar. The currency opened at 46.13/14. Dollar inflows by way of exporters' receivables and through FIIs, estimated to be over $200 million ... More

HOUSING FINANCE

Hudco sanctioned Rs 5,311 cr loan to States: Minister
HOUSING and Urban Development Corporation Ltd (HUDCO) has sanctioned a sum of Rs 5,311.15 crore as housing loan to States during the last two years. Out of this, Rs 2,111.06 crore was sanctioned during 2001-02 and Rs 3,200.09 crore during ... More

Sundaram Home offers variable rates of interest
SUNDARAM Home Finance has come out with an offer of variable rates of interest for its home loans, effective from August 3. According to Mr Nitin Palany, Managing Director, the customers will now have an option to choose between loans either at ... More

LIFE INSURANCE

LIC says no to States for swapping high-cost loans
The sources said while LIC was prepared to consider a reduction in the lending rates for fresh borrowings, the corporation has declined to entertain any requests for reduction in the rates on past borrowings. More

GENERAL INSURANCE

IRDA ruling on `special discounts' — Insurance brokers, an unhappy lot
The Secretary of the Insurance Brokers Association deplored the decision and said it was a "death blow to fledgling insurance brokers business." More

Motor Insurance premium: Is TAC showing the way to insurance cos skirt IRDA norms?
IN an in-house muddle of sorts, the Tariff Advisory Committee (TAC) seems to have shown the way for general insurance companies to flout the Insurance Regulatory and Development Authority's (IRDA) guidelines on increase of motor insurance ... More

PUBLIC SECTOR BANKS

SBI to extend ATM services to Visa, MasterCard clients
ALL Visa and MasterCard customers will soon be able to transact through the State Bank's ATM network. To enable this, the State Bank group plans to throw open its ATM switch to other banks in a couple of months time, after uplinking its ... More

INTEREST RATES

Syndicate Bank to offer farm, SSI loans at sub-PLR
SYNDICATE Bank has announced further slash in lending rates on agriculture, small-scale industrial (SSI) segment and education loans, thereby becoming one of the first public sector banks to offer loans at sub-PLR (prime lending rate) level to ... More

CREDIT CARDS & DEBIT CARDS

Stepping safe?
Sitting smug in the hotel lobby after handing over your credit card? Keep smiling but stay alert to credit card abuses and tread carefully. More

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