The Hindu Business Line : Friday, October 03, 2003

Small investment banks zero in on retail sector
Most of these small players are simply not in a position to match the resources of the bigger players in pitching for the glamorous big ticket business, like public sector divestments, foreign equity participation or for that matter even private plac ements of debt, either corporate or sub sovereign. More

HOUSING FINANCE

NMC Group is HDFC's service associate in UAE
HDFC, which is looking at doubling the NRI segment of its business, has appointed the NMC Group as its first service associate in the UAE, in a bid to reach a wider section of the large NRI population in Abu Dhabi and other emirates. Mr Deepak ... More

RBI & OTHER CENTRAL BANKS

RBI project for 'cheque truncation'
THE Reserve Bank of India has undertaken a pilot project to truncate cheque clearance by eliminating physical movement of cheques. "We are toying with the idea of implementing the pilot project in New Delhi, we will later extend it to more ... More

Jalan favours autonomy for RBI
"I also believe this so-called autonomy will work only if established by convention, and not by statute." More

FINANCIAL INSTITUTIONS

ADB, IFC approach SEBI for raising funds, listing
INTERNATIONAL companies and financial institutions raising money in the Indian markets and listing their securities on the local stock exchanges may be a reality soon. "Indian companies has raised funds in the international market, but the ... More

ADB outlook bullish on India
ADB revised upwards slightly its gross domestic product (GDP) growth forecast for South Asia to 5.8 per cent from the 5.7 per cent projection in April. Its forecast of 6.1 per cent growth for 2004 remains unchanged. More

Hudco unlikely to pick up stake in CIAL
THE Housing and Urban Development Corporation's (Hudco) equity participation in Cochin International Airport Ltd is unlikely as the Centre is understood to have not given its clearance to its proposal, pending for long. CIAL is the first-ever ... More

GOVT BONDS

G-Secs volumes sizzle in secondary market in H1
SECONDARY market trading volumes in Government securities have soared in the first six months of 2003-04 compared to the corresponding period of the previous year. According to data put out by Clearing Corporation of India, volumes have ... More

CREDIT CARDS & DEBIT CARDS

StanChart offer for `Diva' cardholders
DIVA, Standard Chartered Bank's credit card offering for women, now fetches free health check-ups and customer discounts. The cardholders were now eligible for free annual health check-ups at any of the Apollo Hospitals and health clinics among ... More

EVENTS

`Inspection vital for banks'
MANGALORE: The General Manager of Karnataka Bank Ltd, Mr P. Jayarama Bhat, has said that inspection will help in reflecting the performance of the organisation. He was speaking after inaugurating the two-day seminar of the inspecting ... More

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