MONEY & BANKING
Forex reserves vault by $3.79 b, touch $130.7 b
THE country's forex reserves soared by $3.794 billion for the week ended December 3, 2004, the highest accretion in a week seen in 2004, as per the latest RBI statistics. According to analysts, revaluation gains, notable foreign investment ...
Shriram bets big on chit client base for insurance business
THE Chennai-based Shriram group, which expects to file an application for a life insurance licence early next year, hopes to cash-in on its 2.2-million large subscriber base of its chit funds business. The various State-wise chit-SPVs of the ...
PUBLIC SECTOR BANKS
Canara Bank to expand global operations Ties up with Russian bank
IN line with its vision to become a truly global player, Canara Bank has chalked out plans to spread operations to more countries. To begin with, the bank has entered into an understanding with Sberbank, the leading savings bank in Russia, for ...
Gross bank credit up by Rs 10,792 cr
GROSS bank credit in the system has gone up by Rs 10,792 crore to touch Rs 10,06,309 crore for the fortnight ended November 26, according to the weekly statistical supplement of the Reserve Bank of India. This is inclusive of food credit which ...
SHORT TERM INSTRUMENTS
91-day T-bills auction
RBI has announced the auction of Rs 2,000-crore 91-day Government of India treasury bills on December 15. Of this amount, Rs 500 crore will be auctioned under the regular auction calendar and Rs 1,500 crore under the Market Stabilisation ...
Cross Currency Rates
Comments & Letters to the Editor to: email@example.com
Subscribe to: Business Line