The Hindu Business Line : Saturday, March 05, 2005

Rupee declines; securities dull
MUMBAI: The rupee closed at 43.74/75 against the US dollar on Friday, slightly lower than Thursday's close of 43.71/71.50, as traders bought dollars to square up their position prior to the weekend. According to dealers, it was a ... More

HOUSING FINANCE

Elcot, HDFC join hands to promote infotech
THE Electronics Corporation of Tamil Nadu (Elcot) and Housing Development Finance Corporation Ltd (HDFC) on Friday signed an agreement to jointly promote development of information technology (IT) and IT-enabled service (ITES) industries in Tamil ... More

FINANCIAL INSTITUTIONS

`Inorganic growth, the way forward for IDBI'
MR V.P. Shetty, the newly appointed Chairman of the Industrial Development Bank of India, sees inorganic growth as the way forward for the bank in the coming days. Mr Shetty said IDBI itself was looking to acquire a sound local bank with a ... More

CO-OPERATIVES

UCBs with Rs 50 cr deposits to be on a par with commercial banks
THE Reserve Bank of India proposes to treat urban co-operative banks with deposit of over Rs 50 crore on a par with commercial banks for the purpose of regulation. However, this would be subject to the existing relaxations that are in force. ... More

Kerala agri co-op bank fears liquidity crunch
THE apex Kerala State Cooperative Agricultural and Rural Development Bank (KSCARDB) is fearful of a liquidity crunch thanks to delay in release of refinance by the National Bank for Agriculture and Rural Development (Nabard). The co-operative ... More

TRENDS

Migration of high net worth individuals to foreign banks
THE story has often been told. But a few in the media have come up with solid data to back their claim. This report attempts to plug this gap on the basis of data provided by the RBI in its 2003 Basic Statistical Return. Public sector banks ... More

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