The Hindu Business Line : Sunday, May 01, 2005

RBI permits doorstep services by banks
The Reserve Bank of India has allowed banks to start doorstep banking, including collection of cash, but with its prior approval. Individual banks will have to formulate separate schemes for doorstep banking and obtain RBI approval before ... More

As projects fall off schedule — `Power for all' target trips
THE Government's ambitious `Power for All by 2012' target, aimed at augmenting the country's power generation capacity by 1,00,000 MW by the end of the Eleventh Plan, seems to be floundering. The Power Ministry has scaled down the capacity ... More

ICICI Bank Q4 net up 35 pc; to pay 85 pc dividend
ICICI Bank Ltd has reported a 35-per cent increase in profit after tax at Rs 615 crore for the fourth quarter of 2004-2005, compared to Rs 455 crore in the year-ago period. Higher net interest income and fee income drove profits up, said Ms ... More

Takeover code to be revised: Damodaran
INDIA Inc, which has been opposing the frequent changes in the ceiling and creeping acquisition limits, may have its wishes answered. The SEBI Chairman, Mr M. Damodaran, said on Saturday that amendments to the takeover code would be taken up ... More

S.C. Gupta to take over as CMD of PNB
MR S.C. Gupta, Chairman and Managing Director, Indian Overseas Bank, will take over as the Chairman and Managing Director of Punjab National Bank. A Finance Ministry notification issued on Saturday said he would hold this post till May 31, ... More

Bank credit decreases by Rs 9,427 cr
GROSS bank credit decreased by Rs 9,427 crore to Rs 11,32,274 crore, for the fortnight ended April 15, according to RBI's Weekly Statistical Supplement against Rs 11,41,701 crore in the previous fortnight. This is inclusive of food credit, ... More

Stock market contest

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