The Hindu Business Line : Sunday, February 10, 2002

Forex reserves up $313 m
THE country's forex reserves are closing in on the $50 billion target, surging by $313 million to touch $49.565 billion for the week ended February 1, as compared to $49.252 billion in the previous week, according to figures released by the ... More

MANPOWER

`Another bank VRS needed'
MADURAI: One more voluntary retirement scheme will help in rationalising the distribution of branches of nationalised banks according to Mr R. Natarajan, Executive Director of Indian Overseas Bank. Addressing presspersons here, Mr ... More

PRIVATE BANKS

New MD for Global Trust Bank
HYDERABAD: Mr Sudhakar Gande, a former senior official of the American Express Bank, is going to assume charge as the new Managing Director of the Hyderabad-based Global Trust Bank (GTB). The GTB board, at its meeting held here on ... More

PUBLIC SECTOR BANKS

Allahabad Bank retail loan disbursements up
ALLAHABAD Bank has posted a significant growth in disbursements of retail loans. Till January (i.e. April to January 2001-02), the bank disbursed retail loans amounting to Rs 1,250 crore as compared to Rs 776 crore in the whole of 2000-01, ... More

Corpn Bank to collect excise, tax
MANGALORE: The Reserve Bank of India (RBI) has nominated Corporation Bank for the collection of Central excise and service tax duties and for the payment of refunds to the Central Excise Commissionerate in Mangalore. According to a ... More

IOB links with self-help groups
MADURAI: Indian Overseas Bank has established linkages with 5,800 self-help groups out of a targeted 7,500 this year, Mr R. Natarajan, Executive Director of the Bank, said in a function at Melur near here. At the function Kisan ... More

INTEREST RATES

Bank of Rajasthan raises deposit rates
BANK of Rajasthan has raised interest rates on its domestic term deposits by 25-50 basis points, in all three-deposit categories effective February 11. The short-term deposit interest rates for an amount less than Rs 15 lakh for a period of 46 ... More

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