The Hindu Business Line : Saturday, April 10, 2004

FOREX
`8 per cent appreciation against dollar too high to make good' — Exporters take up rupee rise with Jaitley
`We know the ground reality. The impact of the appreciating rupee would be felt in the coming months as exporters are now hesistant about getting into new contracts with the rupee gaining against the dollar'. More

FINANCIAL PERFORMANCE
UCO Bank business tops Rs 60,000 cr
UCO Bank has recorded a growth of 26.4 per cent during fiscal 2003-04, adding over Rs 12,500 crore to its total business which crossed the Rs 60,000-crore mark as at the end of the year. The bank clocked 25.2 per cent increase in deposits, ... More

PRIVATE BANKS
Karnataka Bank forays into film, TV software financing
KARNATAKA Bank Ltd, the traditional old private sector bank, has ventured into financing film and television software production. The bank is financing `Malgudi Days', the visual media presentation of the works of late R.K. Narayan. According ... More

City Union Bank opens branch in Malleswaram
BANGALORE: City Union Bank, one of the oldest scheduled commercial banks in the private sector, has opened a branch in Malleswaram. The bank has 129 branches spread over eight States and a Union Territory. It has a total of six branches ... More

REGULATORY BODIES & RULINGS
IRDA to set up institute for surveyors, loss assessors
THE Insurance Regulatory and Development Authority (IRDA) has appointed the former Chairman and Managing Director of the Oriental Insurance Company, Mr G.V. Rao, as the advisor for the project aimed at setting up an institute for insurance ... More

TRADE & LABOUR UNIONS
Dhanalakshmi Bank officers' strike
KOCHI: Officers of Thrissur-based Dhanalakshmi Bank will strike work on Saturday protesting against the "mass transfer" of their union's office-bearers to branches outside the State. The Dhanalakshmi Bank Officers' Organisation alleged ... More

Cross Currency Rates

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Mar. 28-Apr. 3
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Strong rupee, stronger growth

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