The Hindu Business Line : Sunday, January 27, 2002

Forex reserves cross $49 b
THE country's forex reserves increased by $298 million to $49.225 billion as on January 18, 2002. Authorised forex dealers attributed the rise in reserves to inflow of export earnings, NRI and FII remittances. If the trend continues, the ... More

NBFCS

Private players set to enter domestic money transfer
THE Government has decided to open up domestic money transfer business to private players, both domestic and foreign, thereby putting an end to the monopoly enjoyed by the three-lakh strong post office network for the money order service. For ... More

PRIVATE BANKS

ICICI Bank shareholders okay merger
THE shareholders of ICICI Bank Ltd have approved the scheme for amalgamation of the bank with ICICI Ltd, ICICI Capital Services Ltd and ICICI Personal Financial Services Ltd. The scheme was approved "by an overwhelming majority" with 99 per ... More

Benares State Bank moratorium extended
THE Government, on the recommendations of the Reserve Bank of India, has extended the moratorium on Benares State Bank by one more month. The order to this effect was passed on January 22 under Section 45(2) of the Banking Regulation Act, ... More

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