The Hindu Business Line : Sunday, December 22, 2002

RBI lifts forex swaps cap
IN what is being perceived as passive intervention by the central bank to check further appreciation of the rupee, the Reserve Bank of India today announced a slew of forex relaxations. The measures include allowing banks to offer unlimited ... More

One more cautious step towards convertibility
ENCOURAGED by the swelling foreign exchange reserves and a fairly stable domestic forex market, the Reserve Bank has taken one more cautious step towards convertibility of the rupee. The forex kitty has been hitting new record highs almost ... More

Forex reserves up at $ 68.4 b
THE forex reserves have surged by $ 682 million to touch $ 68.435 billion for the week ended December 13, 2002, as compared to $ 67.753 billion in the previous week, according to latest RBI statistics. On Friday, the rupee ended at 48.0050/0150 ... More

Corporates read a subtle message
SOME corporates see the latest bout of liberalisation in forex controls by the RBI, as containing a subtle message to the corporate world - "be prepared for more two-way movement of the rupee". The thrust of the liberalisation measures is to ... More

LIFE INSURANCE

Policies for children
AMONG the more popular insurance policies introduced recently are the ones for children. The payouts are spread out to coincide with significant milestones in the child's life, such as completion of secondary education and commencement of ... More

Aviva launches `Treasure Plus'
Aviva Life Insurance along with ABN-Amro Bank has launched `Treasure Plus', an investment-cum-protection plan for the bank customers. Treasure Plus is an investment plan with a life insurance cover and a value-added bank account. The investments ... More

CREDIT CARDS & DEBIT CARDS

Banking on debit cards
BANK A has 50 ATMs across the country, whereas bank B has 250. Which is more beneficial for the customer? The answer is obvious. And as for the banks, A will struggle to find acceptance among customers, whereas B is on safer ground. If a ... More

FIXED DEPOSITS

M&M Financial Services: An attractive deal
THE interest rates offered on the fixed deposit programme of Mahindra and Mahindra Financial Services are attractive, given the current decline in the interest rate levels. The company's financial performance in the past has been encouraging. ... More

INTERVIEW

`SMEs are subsidising large corporates' — Mr K. P. Padmakumar, CMD, Federal Bank
FEDERAL Bank is one of the old Kerala-based private sector banks in which ICICI Bank has a large stake. It has been grappling with a higher incidence of bad loans in its portfolio. However, the bank has been making steady progress in dealing with ... More

RIGHTS ISSUES

Karur Vysya Bank: Subscribe
INVESTORS are set to reap a profit of around Rs 90 per share by subscribing to the concessionally-priced rights offer of Karur Vysya Bank. The stock price trades above the levels of Rs 150, ex-rights, and the offer is priced at Rs 60 per share. ... More

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