The Hindu Business Line : Saturday, February 14, 2004

FOREX
Rupee tad higher; bonds decline
MUMBAI: The rupee closed at 45.23 against the dollar on Friday as against Thursday's closing at 45.25. Dealers said that after opening the day at 45.26, the domestic currency traded in a narrow band, amid strong dollar supplies and low ... More

STOCKS
IOB shares remain under-valued
THE stock of Indian Overseas Bank has been witnessing a steady rise on the bourses but despite the upturn the share remains highly under-valued, analysts said. The scrip closed at Rs 44.50 today after touching a high of Rs 46.40. Mr Arun ... More

PRIVATE BANKS
ICICI Bank FII holdings hit trigger limit
THE Reserve Bank of India on Friday notified that no purchases of equity shares of ICICI Bank Ltd, should be made on behalf of FIIs, NRIs and PIOs in the stock exchanges in India without the prior permission of the Reserve Bank. The RBI stated ... More

Centurion to leverage its `naval connection'
CENTURION Bank intends to use its `naval connection' and the strength of its overseas promoter, to develop its retail business, the bank's Managing Director, Mr Shailendra Bhandari, said. The bank has a strong association with the naval ... More

PUBLIC SECTOR BANKS
IOB plans major expansion overseas — To set up presence in China, Malaysia, Canada, UAE
INDIAN Overseas Bank (IOB) is on a new flight overseas. The Chennai-based bank has drawn up elaborate plans to expand its foreign presence. It proposes to add a clutch of new branches and representative offices in several countries, besides ... More

Corpn Bank, Texmo ink pact

CREDIT MARKET
Collateral-free lending: Mindset is the hurdle
WHY has the credit guarantee scheme, brought in to enable small-scale units to borrow without having to pledge any asset as security, not taken off? In the three years till January, the disbursements under the scheme amounted to around Rs 165 ... More

States asked to spell out rabi credit estimates
THE Reserve Bank of India has asked all the Principal Secretaries of the State Governments and Union Territories to estimate the procurement programme for the Rabi 2004 season. In a circular addressed to the Secretaries, the central bank has ... More

Cross Currency Rates

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Job loss fear grips `em too

Interim Budget: On populist and reformist tracks

Groundnut kernels in good demand overseas — European markets, big buyer this season

IOB plans major expansion overseas — To set up presence in China, Malaysia, Canada, UAE

Car sales jump 31 pc in January

Consumer electronics majors slash prices

Corporates running a different race!

Looking back
Feb. 1-Feb. 7
Moody's rates most banks `stable'

Sabbatical: Sydicate Bank sees Rs 50-cr gain

At last, some cheer for farm sector

Resident Indians can remit up to $25,000 annually

Fed's wordcraft roils markets

Banks' profitability up despite drop in treasury incomes

Insurers sell long-term papers to meet VRS payouts

Private bank stocks lose sheen

Forex reserves up by $1.11 b