The Hindu Business Line : Monday, June 28, 2004

FINANCIAL SERVICES
PDs seek new avenues to augment income
DON'T put all your eggs in one basket is an old adage to convey the theme of diversification and mitigation of risk. Primary dealers (PDs) in debt securities are beginning to see that axiom with new interest now. They are looking at newer ... More

REGIONAL RURAL BANKS
Nabard assures support — RRBs agree to hike farm credit
RRBs were advised to treat agricultural financing as a visible proportion and increase coverage under term loans. More

CONSUMER FINANCE

South Indian Bank opens loan counselling centre at Kottayam

DEBT MARKET
Bonds under pressure on forex outflows, inflation
BONDS extended their decline last week on foreign exchange outflows and mounting concerns over accelerating inflation. Foreign exchange outflows continued to be a key driver, pushing up the yields. The foreign exchange demand was driven ... More

PUBLIC SECTOR BANKS
Andhra Bank hopes to recoup Rs 150-cr NPAs in H1
ANDHRA Bank expects to recover at least Rs 150 crore out of its gross NPAs of Rs 404 crore, in the first half of the current year. Two steps will help the bank achieve this — sale of Rs 50 crore of loans to Asset Reconstruction Company ... More

Canara Bank managers' meet in Hubli

NON-PERFORMING ASSETS
Banks trim NPAs despite stiff norms
THE pile of bad loans reported by public sector banks at the end of the fiscal has declined for the second consecutive year. Bad loans of public sector banks, which declined by about Rs 2,400 crore in 2002-03, has declined by another Rs 2,500 ... More

FIXED DEPOSITS
For inflation-adjusted FDs
INVESTORS are likely to take higher exposure in fixed-income investments what with stock prices declining sharply in recent times. But fixed-income investments run a high inflation risk because of cost-push factors. That inflation can hurt ... More

Cross Currency Rates

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Pick a Winner Stock Market Contest

Software sector on `healthy' growth track

Bonds under pressure on forex outflows, inflation

Farm credit package sparks optimism among tractor makers

Benchmarks may climb the rough path

Looking back
Jun. 20-Jun. 26
PFC mulls converting into universal bank — Morgan Stanley to explore possibilities

Forex reserves dip by $333 m

Outlook for bonds remains bearish

`Project'ing corruption in multilateral banks

Banking stocks tank on negative psychology

Rural branches no drain on banks

Cap public deposits in RNBCs

`Hike in home loan rates unlikely for now'

Corporate bonds losing sheen