The Hindu Business Line : Sunday, June 06, 2004

FOREX
Forex reserves up $1.248 b
BUCKING the trend in the past couple of weeks, the country's foreign exchange reserves surged by $1.248 billion for the week ended May 28. This unexpectedly large accretion to the kitty was despite any significant dollar inflows. It was rather ... More

PUBLIC SECTOR BANKS
PSU bank stocks turn risky
BANK shares have traditionally been known as widows' share. The implication — trust them to yield safe and steady, return on investment, devoid of the swings that are associated with riskier stocks. Whether compared on the parameter of wild ... More

TRADE & LABOUR UNIONS
Wage issue: Bank officers' union threatens strike
THE All India Bank Officers' Confederation (AIBOC) has threatened to strike work soon if the ongoing wage negotiations with bank managements do not meet its expectations. "We are going on strike if the next round is fruitless," said Mr Shantha ... More

IPOS
BoI plans second public issue
INVESTORS need not worry. The public issue pipeline has not fully dried up, despite the `red alert' on disinvestment. After a month's gap, one of the largest banks in the country, Bank of India, today announced plans to go in for a second ... More

STANDARDS & BENCHMARKS
Basel II norms: RBI asks banks to draw road map by year-end
THE level of rating penetration by rating agencies in India are not very significant and their lack of rating issuers, rather than issues, will pose to be a challenge as banks in India attempt to implement Basel II norms, said the Reserve Bank of ... More

Cross Currency Rates

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`Madras Fert networth hit by urea pricing policy'

Centre clears Kochi marina project

Forex reserves up $1.248 b

Wage issue: Bank officers' union threatens strike

EPCG norms on second-hand imports now a bone of contention

Looking back
May. 30-Jun. 5
Upfront payment by defaulters — Banks to seek review of SC order

Brazilian businesses bemoan high interest costs

Why not review panel on lending rates?

IBA alert on misuse of cheque book facility

Foreign currency inflows slowing

New dividend norms for primary dealers