The Hindu Business Line : Sunday, December 05, 2004

FOREX
Forex reserves surge $1.8 b on $ inflows, revaluation gains
PROPELLED by a torrent of dollar inflows and a significant revaluation in the central bank's basket of currencies, the country's forex reserves surged by over a billion dollars for the fourth consecutive week. As per the latest RBI statistics, ... More

Rupee may continue to gain for 3-4 months: PHDCCI survey
THE hardening of the rupee against the dollar is expected to continue for the next three to four months due to the US economy's big trade deficit and weakening of the dollar against other currencies such as the euro and pound sterling, a PHDCCI ... More

LIFE INSURANCE
SBI Life to introduce unit-linked product
SBI Life Insurance is to introduce a unit-linked product soon, a move that is expected to reduce its dependence on insurance linked to home loans and the consequent negative implications for growth. The SBI Life's Chief Marketing Officer, Mr S. ... More

GENERAL INSURANCE
This wedding rings the insurance bell
Bajaj Allianz has some tailor-made packages such as the one picked up by the Jains, but is willing to work out customised solutions for its clients who want a bigger cover, Vora said. More

CREDIT MARKET
Syndicate Bank's new loan scheme for holiday, business travel
SYNDICATE Bank has come out with a new loan scheme to tap the growing holiday and business travel. The bank announced on Saturday the launch of SyndYatra, a retail loan scheme at a reasonable interest rate. Under the scheme, the bank would ... More

MERGERS & ACQUISITIONS
Oriental Bank suspends ex-GTB Managing Director Gande, 2 others
THE management of Oriental Bank of Commerce that had acquired Global Trust Bank has suspended the former GTB Managing Director, Mr Sudhakar Gande, and two other senior officials. The decision comes in the wake of the Union Finance Minister, Mr ... More

Cross Currency Rates

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`India ready to meet post-quota challenges'

Rupee may continue to gain for 3-4 months: PHDCCI survey

Looking back
Nov. 28-Dec. 4
Worst over for Indian bonds

Premiums data: IRDA to change reporting format

Call rates soften

Hike in interest rates not to hit housing demand: Realtors

Default by stealth: The declining greenback

Left parties to oppose PSBs merger plan

Forex reserves surge by $1.5 b

Large retail exposure may impact banks' asset quality

Non-performing assets of banks on the decline: Report