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Wednesday, August 20, 2003
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MONEY & BANKING

PENSION PLANS


PF subscribers above 55 can draw 90% for pension scheme
THE Employees Provident Fund Organisation (EPFO) has decided to allow provident fund subscribers above the age of 55 to withdraw up to 90 per cent of the accruals for investment in the Varishta Pension Bima Yojana run by the Life Insurance ... More

FOREX


RBI intervenes to check rupee rise
MUMBAI: The rupee moved up by a mere single paise on Tuesday despite good dollar inflows. The appreciation was marred by the central bank's intervention in the market. The domestic currency closed at 45.83/84 against the dollar as ... More

STOCKS


FIIs hiking stake in bank stocks
BANKING stocks appear to have been the favourites among Foreign Institutional Investors (FIIs) during the April-June quarter, this year. FIIs have bought major bank stocks including Union Bank, Canara Bank, Punjab National Bank, Vysya Bank and ... More

`Takeover' rumours to keep interest in IDBI Bank alive
IN sharp contrast to Monday's trade, shares of IDBI Bank corrected on the bourses on profit taking by operators. However, brokers maintain that with the bank being a favourable takeover candidate, operator interest in the counter will be ... More

SOFTWARE


USER WATCH
Money on the move
This cooperative bank in Pune is seeking to make anytime, anywhere banking a reality for its customers through the use of software. More

LIFE INSURANCE


AMP Sanmar hopes to double premium income
AMP Sanmar, the life insurance joint venture between the Australian insurance major AMP and the Chennai-based industrial major Sanmar group, expects to double its premium income during the current fiscal and hopes to repeat similar performance in ... More

FINANCIAL POLICY


Govt unveils credit package for small sector — Rates on SFC loans lowered; interest deferral for SIDBI
The SFCs have also been advised to bring down their non-performing assets to less than 10 per cent, along with moves to downsize their staff. The NPAs account for 60 per cent of the total assets. More

Panel nod for scrapping 10 pc cap on voting rights in banks
The Committee feels that removal of restriction on voting rights is a step in the right direction. More

CREDIT MARKET


Micro-credit: Postal dept, banks in talks
IT has been just started as an experiment, first only in Tamil Nadu. Negotiations are still on and the parties are trying to skirt a deadlock. But still, the contours are slowly becoming evident. In the negotiations that have happened over the ... More

PEOPLE


New CEO for fixed income money market association
THE Fixed Income Money Market and Derivatives Association of India (FIMMDA) has appointed a new CEO, Mr M.S. Annigeri, who was heading the government-banking group for the Southern region at ICICI Bank will now be at the helm of the debt market ... More

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    Top Stories
    Govt unveils credit package for small sector — Rates on SFC loans lowered; interest deferral for SIDBI


    Cashew exports decline by over Rs 50 cr in Q1

    Equity funds turn investors' fancy

    Pharma, media, banks to be big spenders on content portals

    FIIs hiking stake in bank stocks

    Micro-credit: Postal dept, banks in talks

    In Focus
    Cola Controversy
    The Cable tangle
    Pakistan Diary
    Indo-Pak Monitor
    Indo-China Relations
    Telecom Competition

    In Depth
    In Kashmir
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Corporate Governance

    Looking back
    Aug. 10-Aug. 16
    Forex reserves dip by $204 m

    AIBOC rejects 6.44% pay hike offer

    HDFC Standard plans OTC life policies

    Rural self-help groups be better left alone

    Offshore units may tap RIB proceeds

    Audit pie set to grow bigger


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