The Hindu Business Line : Sunday, August 28, 2005

Forex reserves fall by $1 b
THE country's foreign exchange reserves have fallen by about $1 billion for the week ended August 19 on account of a drop in foreign currency assets as well as currency revaluation. This is a reversal of the trend in which the reserves had surged ... More

PRIVATE BANKS

ICICI Bank to issue Rs 50-cr fresh loan to Jaiprakash Hydro
Converts debt to rupee term loan
Jaiprakash Hydro is identifying avenues for entering the "transmission and distribution business and setting up new projects." More

PUBLIC SECTOR BANKS

PSBs' lower growth targets not acceptable: Chidambaram
SOME frontline public sector banks have projected a lower growth in deposits and advances for the current fiscal, compared to the previous year, according to their Statements of Intent for 2005-2006 submitted to the Government. Revealing this, ... More

Basel II norms: Banks told to look for new forms of capital
THE Finance Minister, Mr P. Chidambaram, has said public sector banks that have reached the threshold limit of 51 per cent government holding would have to identify some new forms of capital to meet the Basel II capital adequacy norms. ... More

CREDIT MARKET

IOB's SME lending may grow by Rs 800 cr this year
INDIAN Overseas Bank's loans to small and medium enterprises (SMEs) are likely to grow by Rs 800 crore this year, the bank's Executive Director, Mr A.R. Nagappan, said on Saturday. Last year, the bank closed its SME book with an outstanding of ... More

SHORT TERM INSTRUMENTS

RBI proposes to raise Rs 4,500 cr under MSS
THE Reserve Bank of India has proposed to raise Rs 4,500 crore through the auction of 91-day and 364-day Treasury Bills, under the Market Stabilisation Scheme, said a RBI press release. Of this, Rs 3,500 crore will be raised through the auction ... More

EVENTS

`Basel II implementation expense a worthwhile investment'
THE RBI has said that the expenditure commercial banks would incur on their way to implement Basel II norms should not be considered as cost to the banks. "It should be considered investment," Mr Amarendra Mohan, Chief General Manager (Dept of ... More

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