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Monday, April 12, 2004

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MONEY & BANKING

INSIGHT
Managing gold
THE Reserve Bank of India (RBI) has made a comprehensive review of the operational matters relating to management of reserves. Put out in the RBI bulletin of March, this has been done to bring about transparency of ... More

Understanding the IDFC imbroglio
IT WAS in 1997 that Infrastructure Development Finance Corporation (IDFC) was set up as a specialised financial intermediary to address the resource gap of the infrastructure sector. Its mandate was envisioned to ... More

DEBT MARKET
Premium-flush insurers turn big buyers
BONDS continued their untrammelled rally as traders speculated on a possible reduction in interest rates despite the Reserve Bank of India's aggressive interventions in the financial markets. Traders said that the rally was fomented by ... More

PRIVATE BANKS
No move to shift head office of Dhanalakshmi Bank: CEO
THE Managing Director and Chief Executive Officer (CEO) of the Thrissur-based Dhanalakshmi Bank has said that the Bank had no plans to shift its registered office from Thrissur. In an official press release, which was issued on the day ... More

PUBLIC SECTOR BANKS
Allahabad Bank to grow `robust' retail portfolios — Sell them at a premium
ALLAHABAD Bank plans to build "robust" retail portfolios, "may be in housing loan segment" and subsequently sell them to boost bottomline, going forward, top banking sources said. "Allahabad Bank might build up healthy retail portfolios and ... More

INTEREST RATES
`Cut rates on bank advances'
KOCHI: The Kerala-based All India Bank Customers' Association (AIBCA) has demanded reduction in interest rates of the banks on advances. The banks have reduced the interest rates on deposits significantly while they have not effected a ... More


Cross Currency Rates



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Top Stories
IT usage up in SMEs, says CII snap poll


Primary market can see good harvest: Experts

Take'em along on job shifts; it really helps

Understanding the IDFC imbroglio

Allahabad Bank to grow `robust' retail portfolios — Sell them at a premium

Kenya finds flavour in S. Indian tea

Infosys results, ONGC to guide direction

Looking back
Apr. 4-Apr. 10
Further softening of interest rates likely

IBA may seek 50 basis point cut in SB account rate

NRIs prefer savings a/c to bank deposits

Tougher norms to check breach of tariffs

Bankers upbeat about better asset recovery


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