The Hindu Business Line : Monday, October 11, 2004

FINANCIAL POLICY
Ownership norm: Existing pvt banks may get a breather
Ministry for applicability on prospective basis
IF the Government has its way, the ownership pattern of existing private sector banks might not have to undergo any major change on account of the proposed new norms on ownership pattern being framed by the RBI. The Finance Ministry feels that ... More

DEBT MARKET
Traders expect bond yields to rise further
BONDS continued to plunge throughout the week propelled by soaring oil prices and mounting concerns that fiscal targets may be breached. Traders said that with expectations of an oil price reversal completely belied, almost all the major ... More

PRIVATE BANKS
Karnataka Bank to offer Net banking soon
KARNATAKA Bank is gearing up to offer its customers more facilities such as Internet banking, debit card, expansion in ATM network and the multi-city cheque facility. Its Chairman, Mr G. Ananthakrishna, told Business Line that the bank's ... More

PUBLIC SECTOR BANKS
PSBs account for 46 pc of credit in first quarter
PUBLIC sector banks accounted for 46.2 per cent of the gross bank credit in the system as on end June 2004, as per the RBI's "quarterly statistics on deposits and credit of scheduled commercial banks - June 2004". State Bank of India and ... More

FINANCIAL INSTITUTIONS
TIIC initiative to cut lending rates — Proposes pact with SIDBI, State Govt
THE Tamil Nadu Industrial Investment Corporation (TIIC) plans to enter into an agreement with SIDBI (Small Industries Development Bank of India) and the State Government to bring down the cost of loans, according to officials. Through this and ... More

INTEREST RATES
Higher interest rates are here to stay
IN the dealing room we always say that there is a `Wish God' somewhere who keeps on granting people their wishes, especially those of the traders. So if you missed an opportunity to buy or sell and regret very hard having done so, the market ... More

Cross Currency Rates

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PTC unfazed by competition

Mumbai Customs EDI a nightmare for importers

MFs asset base shrinking

UAE, Kuwait to hike oil production capacity

Looking back
Oct. 3-Oct. 9
Forex reserves swell by $410 m

Bank credit up Rs 7,810 cr

Centre completes 44 pc borrowings in first half

Bankers do field work, literally!

Markets defy theory

Allahabad Bank on look-out for alliances

CIBIL has database on 8 m borrowers