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Sunday, July 17, 2005
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MONEY & BANKING

FOREX


Forex reserves fall $544 m
THE country's foreign exchange reserves have declined for the third consecutive week on account of currency revaluation. In the past three weeks, the forex reserves have fallen $2.667 billion. For the week ended July 8, forex reserves fell ... More

STOCKS


Centurion Bank-Bank of Punjab — Bank on the merger
Centurion Bank: Hold
Bank of Punjab: Hold More

FINANCIAL PERFORMANCE


Lord Krishna Bank's net at 7.66 cr
NEW DELHI: Lord Krishna Bank has registered a net profit of Rs 7.66 crore for the quarter ended June 30, 2005. The operating profit of the bank has risen three-fold during the quarter to Rs 10.16 crore compared to Rs 2.90 crore during ... More

LIFE INSURANCE


Individual, unit-linked policies steal show — Pvt life insurers' new biz up 129 pc
ICICI Prudential, Bajaj Allianz, Birla SunLife, HDFC Standard Life and SBI Life have emerged as the top five life insurers in the private sector with new business in excess of Rs 450 crore each during the fiscal ended March 2005. While the ... More

RBI & OTHER CENTRAL BANKS


India largest recipient of World Bank aid
DEVELOPING countries drawing financial support from the World Bank obtained $22.3 billionfor 279 projects worldwide in the fiscal year ending June 30, 2005. This is an increase of $2.2 billion over the previous year. The Bank's aggregate ... More

GOVT BONDS


  • RBI sets cut-off price for 2021 bond

    NON-PERFORMING ASSETS


    Banks can sell NPAs of over 2 years to other banks: RBI
    BANKS can sell only non-performing assets (NPA) of two years and above to other banks, said a guideline issued by the Reserve Bank of India. The RBI has issued this directive to develop a healthy secondary market for NPAs where securitisation ... More

    SHORT TERM INSTRUMENTS


    RBI proposes to raise Rs 2,500 cr under MSS
    THE Reserve Bank of India plans to raise Rs 2,500 crore through the auction of 364-day and 91-day Treasury Bills, under the Market Stabilisation Scheme, said an RBI press release. Of this Rs 1,000 crore will be raised through the auction of ... More

    CREDIT CARDS & DEBIT CARDS


    HDFC Bank's Health Plus Card
    IT HAS become commonplace for credit card issuers to throw in an insurance cover as a freebie. In most cases, the package is rarely substantial enough to cover the losses or expenses of, say, an accident or hospitalisation. HDFC Bank's `Health ... More


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    Top Stories
    Textile exports to US decline in May


    Forex reserves fall $544 m

    Individual, unit-linked policies steal show — Pvt life insurers' new biz up 129 pc

    India largest recipient of World Bank aid

    Iron ore market to remain in balance till 2010

    Exim Bank to extend $400 m line of credit — Firms exporting to 2 CIS nations, Francophone countries likely to benefit

    In Focus

    BHEL Disinvestment
    China's revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Jul. 10-Jul. 16
    Forex reserves fall by over $1 b

    `Size, risk management vital for banks in future'

    HSBC group to invest $50.6 m more in India

    Union Bank stock returns 124 pc

    Motor third party liabilities — PSU insurers want pvt sector to share losses

    Global uncertainties have increased, says RBI Governor

    HDFC first quarter net up 21%

    Price stability, prime concern for RBI

    BSNL takes group life cover from LIC for Rs 4,770 cr


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