The Hindu Business Line : Thursday, November 13, 2003

Standard Chartered, Singapore co launch $100-m India fund
INDIAN companies, especially mid-sized ones, never had it so good when it came to equity funding. Several private financiers are eyeing the mid-cap sector, currently witnessing a spectacular run on the exchanges. The latest entrant is Merlion ... More

REGIONAL RURAL BANKS

S Malabar Gramin Bank office
KOCHI: The State Finance Minister, Mr K. Sanakaranarayanan, will inaugurate the new head office building of the South Malabar Gramin Bank in Malappuram on November 17. Dr M.K.Muneer, the State Minister for Public Works, will preside over ... More

INSIGHT

Monetary and Credit Policy — Looking beyond the rate cuts
In a sober mid-term review of the Credit Policy, aimed at keeping the economy on even keel, Dr Y. V. Reddy has looked beyond interest rate cuts and focussed on qualitative issues aimed at toning up the working of the banks and improving credit delive ry, particularly to the neglected agriculture and small-scale industry sectors, says S. D. Naik. More

FOREX

Corporates yet to heed RBI advice on hedging exposures
REPEATED warnings from the Reserve Bank of India notwithstanding, corporates are still not hedging their foreign currency exposures, according to bankers. While the RBI alerted corporates about the inherent risk of sitting on huge unhedged ... More

Reuters system for electronic forward broking
REUTERS, the global information company, has launched Reuters Dealing 3000 Forwards Matching service, the electronic forward broking system in India. This follows the earlier launch of Reuters Spot Matching service and introduction of the ... More

Forwards plunge; gilts decline
MUMBAI: In the forwards market, dollar premia fell drastically by 20-40 basis points on Wednesday on what dealers refer to as inter-bank adjustments. Forwards up to four months fell into discount as compared to only one month forward being ... More

HOUSING FINANCE

Indian Bank home loan fair
COIMBATORE: A one-day trade and home loan fair has been proposed at the Tiruchi Road branch of the Indian Bank on November 15, where spot sanction would be accorded to eligible loan applicants. The bank offers trade loan at 11.5 per cent ... More

RIGHTS ISSUES

GTB mulling rights issue
The promoter, Mr Ramesh Gelli, is seen to be interested in upping his stake in the bank and is likely to subscribe to the rights issue. He currently holds 20.28 per cent stake in the bank. More

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