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Sunday, April 03, 2005

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MONEY & BANKING

FOREX


Forex reserves down $1.22 b at $140.9 b
AFTER rising for five weeks in a row, the country's forex reserves fell by $1.223 billion for the week ended March 25, taking the total reserves to $140.907 billion, as per the Reserve Bank of India's weekly statistical supplement (WSS). In ... More

LIFE INSURANCE


Birla Sun premium income up at Rs 684 cr
BIRLA Sun Life Insurance has announced that its premium income for the year ended February 2005 has increased to Rs 684 crore. According to the company, this is an increase of 142 per cent over the corresponding period of the previous year. ... More

CREDIT MARKET


Bank credit rises Rs 22,417 cr
BANK credit increased by Rs 22,417 crore for the fortnight ended March 18 to touch Rs 10,92,091 crore, according to Reserve Bank of India's Weekly Statistical Supplement. This is inclusive of food credit, which declined by Rs 320 crore ... More

CREDIT CARDS & DEBIT CARDS


Co-branded credit card — Andhra Bank set to form alliance with Air Sahara
ANDHRA Bank is set to forge an alliance with Sahara airline major for a co-branded credit card. The bank Chairman and Managing Director, Mr T.S. Narayanasami, told Business Line that the bank was currently at an advanced stage of ... More

RIGHTS ISSUE


ING Vysya Bank: Invest
SHAREHOLDERS of ING Vysya Bank should subscribe to the rights offer. The three shares for every share held offer is being made at a substantial discount to the market price. As such, any failure to subscribe would lead ... More

TRENDS


Banks bag larger share of MF distribution
GOT a call from your banker, urging you to shift your idle savings into an equity mutual fund? Not a surprise, as banks are playing a bigger role in marketing mutual funds to individual investors. Fund industry estimates indicate that banks, ... More


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Top Stories
Zee Telefilms serves notice to BCCI, seeks Rs 1,630-cr compensation


Forex reserves down $1.22 b at $140.9 b

`VAT will lower tax burden on business'

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
Mar. 27-Apr. 2
Forex reserves rise $1.7 b

Fearing impact on bottomlines — Banks not willing to sell benchmark securities

General insurers pitching to provide risk cover to port trusts

Centre to borrow Rs 83,000 cr in H1

Getting locked into EMI loans

Regulate hospital charges, urge health insurers

Home loans set to grow at 30-40 pc


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