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Sunday, May 23, 2004

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MONEY & BANKING

FOREX
Forex reserves up $49 million
THE growth of India's forex kitty has slowed down further, with an accumulation of a mere $49 million during the week ended May 14, as per the latest statistics of the Reserve Bank of India (RBI). As on this date, total reserves were at $118.828 ... More

FINANCIAL PERFORMANCE
ICICI Bank in the black under US GAPP
ICICI Bank is in the black posting a net profit of Rs 522 crore ($116 million) as per US Generally Accepted Accounting Principles (GAAP) accounts in FY2004 compared to a net loss of Rs 798 crore ($177 million) in FY2003. The US GAAP accounts ... More

CONSUMER FINANCE
Andhra Bank to finance LPG connections
ANDHRA Bank has announced that it would be shortly launching a new scheme for financing LPG connections in rural households. In a press release here on Saturday, the bank said the scheme enables individuals and members of self-help groups to ... More

GENERAL INSURANCE
Cholamandalam MS posts Rs 97-crore premium
CHOLAMANDALAM MS General Insurance Company earned a premium income of Rs 97 crore in 2003-04, its first full year of operations. Most of the company's business was booked in motor and fire insurance. Mr Arun Agarwal, Chief Executive of the ... More

Bajaj Allianz gross premium income up 60%
BAJAJ Allianz General Insurance Company Ltd has recorded a 60 per cent growth in gross premium income at Rs 480 crore for the fiscal ended March 31, 2004, against a gross premium income of Rs 300 crore in the corresponding period of the previous ... More

PUBLIC SECTOR BANKS
Union Bank launches Web-based remittance scheme for NRIs in US
UNION Bank of India has launched `Union e-Remit,' a Web-based remittance scheme powered by `Times of Money,' for remittance of funds from the US to any location in India. The service, available on the bank's Web site, More

  • SBH has new MD

    CO-OPERATIVES

  • Charminar Bank gets Rs 123 cr
    Cross Currency Rates



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    Top Stories
    Gold bullion securities begin to attract investor attention


    HPC employees hail Alliance's decision on divestment

    Forex reserves up $49 million

    Business confidence up, says NCAER survey

    Merlion India Fund bullish on FMCG sector

    Looking back
    May. 16-May. 22
    Forex reserves up $89 m as inflows decelerate

    Managing rate expectations, the Fed way

    Caught in maelstrom of events, traders await Credit Policy

    Bond prices crash by a rupee

    Now, infrastructure projects can look to more funds

    Banking is special for its fiduciary role: Dr Reddy

    `Home finance may post 40% growth'

    BoI fourth quarter profit rises 24 pc; to pay 20 pc


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