The Hindu Business Line : Sunday, December 26, 2004

FOREX
Forex reserves up $924 m
THE country's forex reserves grew by $924 million to $130.621 billion for the week ended December 17, 2004 as per the latest RBI statistics. During the previous week, the reserves had fallen by over a billion dollars to $129.697 ... More

RBI & OTHER CENTRAL BANKS
RBI paper moots single clearing entity for retail
A single national entity for clearing all retail payments in the country has been mooted. A vision document for 2005-08 released by the Reserve Bank of India suggests that the central bank should offload its clearing operations to a separate ... More

PRIVATE BANKS
Efforts on to resolve onwership issue — TMB embarks on brand building exercise for corporate governance
IMAGE building, brand building and professional management. These are among the prime concerns for Tamilnad Mercantile Bank that has been in the grip of an ownership battle for more than a decade now. This quarrel, which has boiled down to who ... More

CREDIT MARKET
Bank credit up
MUMBAI: Gross bank credit in the system has gone up by Rs 7,057 crore during the fortnight ended December 10 to touch Rs 10,13,366 crore. This is inclusive of food credit, which rose by Rs 813 crore to touch Rs 43,193 crore, and non-food ... More

TRADE & LABOUR UNIONS
AIBOC to go on strike if Govt moves to merge Union Bank, BoI
THE All India Bank Officers' Confederation (AIBOC) has decided to go on a strike if the Government plans to go ahead with the proposed merger of the Union Bank of India and Bank of India. Mr R.C. Agarwal, President of AIBOC, told presspersons ... More

Cross Currency Rates

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`More corporates turn to e-learning'

Forex reserves up $924 m

Looking back
Dec. 19-Dec. 25
GDP to grow at 6-6.5 pc, says RBI

IDBI Bank offers card-to-card fund transfer facility

PNB awaiting nod for second public offer — Sees no need for ADR/GDR issues

Rising bond yields set to hit banks' Q3 profits

Bond traders cautious as FIIs begin offloading

Forex reserves dip $1.02 b