The Hindu Business Line : Saturday, December 20, 2003

Rupee lacklustre; securities rise
MUMBAI: The rupee closed at 45.51/52 per dollar on Friday, unchanged from Thursday's closing levels in a lacklustre forex market. Demand for the greenback was evenly matched with the steady spate of dollar supplies, which held the rupee ... More

LIFE INSURANCE

Tax breaks make it attractive
In India, insurance plans, besides covering the risk factor, also have an investment angle associated with them. These plans fuse the benefits of a pure term assurance plan with a savings component built in. More

PRIVATE BANKS

Ramesh Gelli's son may join GTB board
GIVING strength to the market rumours that the core promoters of Global Trust Bank (GTB) were planning to play a key role in the process of reviving the bank, Mr Girish Gelli, the eldest son of the founder promoter Mr Ramesh Gelli, is being ... More

PUBLIC SECTOR BANKS

Syndicate Bank pays Rs 35-crore interim to Govt
SYNDICATE Bank has presented a cheque for Rs 34.69 crore as interim dividend to the Government. The cheque was handed over by Syndicate Bank's Chairman and Managing Director, Mr Michael Bastin, to Mr N.S. Sisodia, Banking Secretary, on ... More

NON-PERFORMING ASSETS

Banks begin provisioning exercise for Dabhol phase II
EVEN as some lenders have been hauled up for not provisioning phase I of the 2,184-MW Dabhol Power Company, some other Indian banks are going ahead to provision for phase II, which is technically not a non-performing asset (NPA) since it is still ... More

CREDIT CARDS & DEBIT CARDS

Banks stay choosy in issuing credit cards
CREDIT cards are being hawked at roadsides, over cell phones and at the offices, but strangely enough banks claim that they reject 45-50 per cent of all applications often leaving the applicant peeved with no specific reason cited for the ... More

FIXED DEPOSITS

The evergreen investment option
Stock market scams, finance/chit companies going bankrupt and dragging down savings of a life-time ... . Given all these perils, bank deposits spell stability and are still favoured despite falling interest rates. More

REGULATORY BODIES & RULINGS

CLB suspends Tamilnad Mercantile Bank board
WITH a firm view that it was in public interest to take remedial measures in the matter of Tamilnad Mercantile Bank Ltd (TMB), the Company Law Board (CLB) on Friday ordered suspension of TMB's board of directors with immediate effect. ... More

EVENTS

Bancassurance meet on Dec 24
THIRUVANANTHAPURAM: The National Insurance Company is holding a one-day `Bancassurance Meet' for its own officials as also those of Indian Overseas Bank with whom it has established a bancassurance tie-up. The Speaker of the Kerala ... More

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