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Monday, July 11, 2005
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Bond market in India — Shaken, but not stirred
THE WINDS of liberalisation sweeping the bond market and attracting foreign institutional investors (who can hold 30 per cent of their portfolios in fixed income instruments) are also making it choppy with changes in ... More


Interpretation of forex translations
S. Gopalakrishnan discusses the application of AS 11 to a few situations of forward contracts More


HDFC bets on higher disbursals in TN
THE real estate boom witnessed by Coimbatore looks sustainable with the city expected to benefit from the entry of software companies. HDFC, which recorded a 34 per cent growth in its business here last year, expects to continue the momentum ... More


LIC adjudged most preferred insurance co
RESEARCH firm AC Neilson ORG MARG has adjudged Life Insurance Corporation of India (LIC) as `the most preferred life insurance company in the country'. It conducted a survey for the channel `Awaaz' in which 7,000 respondents from 21 cities ... More

Micro insurance system soon
THIRUVANANTHAPURAM: The Insurance Regulatory and Development Authority (IRDA) is working on the introduction of a micro insurance system for a minimum Sum Assured of Rs 10,000. The Life Insurance Corporation of India (LIC) conveyed this ... More


Insurers go for longs at current yields
BONDS went into a tailspin last week driven by credit demand and uncertainty over the direction of international oil prices. Also, there was some panic after the bomb blasts in London. However, there was little effect on the domestic bond ... More


Pay hike on cards for PSU banks' top brass — Performance-based incentives also likely
THE Government might soon spring a pleasant surprise to the top brass of public sector banks. The next autonomy package, under discussion within the Finance Ministry, could gift-wrap a new remuneration structure for the chief executives and ... More


Andhra Bank hikes NRE deposit rates
HYDERABAD: Andhra Bank has announced an upward revision in its interest rates on NRE rupee and Savings Bank NRE accounts with effect from July 1. The rate applicable for the quarter July-September has been raised to 3.7 per cent (3.4 ... More


Bank of Baroda shifts Rs 6,174 cr G-Secs to HTM category
BANK of Baroda has shifted Government securities worth Rs 6,174 crore from `Allowed for sale' category to `Held to maturity' (HTM) category during the first quarter 2005-06. This is as per the Reserve Bank of India norms, allowing such shifting ... More


Karnataka Bank plans to open 10 branches in North
THE Chairman and Chief Executive Officer of Karnataka Bank, Mr Anantakrishna, will be completing his fifth year in office on Wednesday. He sees opportunity in expanding credit to small and medium enterprises. In an interview to Business ... More


Officials recount Thrissur stories
IT was a time to unwind, recollect and savour stories of their old days in Thrissur for some top bureaucrats of the country. "I landed at the Thrissur Railway Station burdened by a steel trunk, a bed roll and a tennis racquet over 30 years ... More


Co-op conference on July 16, 17 in Hyderabad
THE Andhra Pradesh State Co-operative Union and the Andhra Pradesh Co-operative Urban Banks' Federation are jointly organising a State-level seminar in Hyderabad on July 16 and July 17 to discuss the problems afflicting the sector. Mr P. ... More

Karnataka State Apex Co-op to revive 4 sick banks
THE Karnataka State Apex Co-operative Bank has taken initiatives to revive four sick district central co-operative banks in the State, according to its Chairman, Mr M.N. Rajendra Kumar. Addressing presspersons here, Mr Kumar said that efforts ... More


`Size, risk management vital for banks in future'
OUTLINING the future scenario of the Indian banking industry, Mr V. Leeladhar, Deputy Governor of the Reserve Bank of India, said that the future belonged to a small number of large banks and not to a large number of small banks. Addressing ... More

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Top Stories
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In Depth

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Looking back
Jul. 3-Jul. 9
Banks asked to adopt policy for risk exposure to real estate sector

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Rupee against dollar — It's fundamentals versus sentiment

Forex reserves enough to meet 14 months' imports

Banks find NPA recovery more gainful than sale to ARCs

Banks getting finer rates on overseas loans

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