The Hindu Business Line : Saturday, May 04, 2002

Re sheds 3 paise; gilts decline
Mumbai: THE rupee closed marginally weaker on Friday by around 3 paise at 48.97/9825 against the dollar as compared to Thursday's close of 48.94/95 in a demand driven forex market. Forex dealers said that foreign banks, which were short on ... More

HOUSING FINANCE

PNB Housing Fin brings Canadian loan model
PNB Housing Finance Ltd (PNBHFL), a wholly owned housing finance subsidiary of Punjab National Bank (PNB), has introduced flexible interest rates based on what it calls the Canadian model for its home loan customers. Disclosing this, Mr R. ... More

PRIVATE BANKS

ICICI Bank to pursue retail expansion with larger image
SHEDDING the last vestiges of ICICI's "development financial institution'' legacy with a Rs 3,780-crore write-down of assets and 63 per cent cover on non-performing assets, ICICI Bank today positioned itself as a "one-stop financial solutions ... More

ICICI Bank Q4 net up 13% at Rs 57 cr
ICICI Bank said on Friday its net profit for the fourth quarter of fiscal year ended March 31, 2002, has increased 12.8 per cent to Rs 56.88 crore from Rs 50.40 crore for the quarter ended March 31, 2001. Even though the two figures are ... More

PUBLIC SECTOR BANKS

IOB's Sanjivani scheme goes on stream
INDIAN Overseas Bank's Sanjivani scheme, which seeks to provide loans to medical practitioners, has come into effect. According to a spokesman, loans are given under the scheme for construction of hospitals, purchase of ambulances, vans and ... More

Central Bank scheme for small industries
THE Laghu Udhyami Credit Card Scheme (LUCC) launched by the Central Bank of India aims at providing hassle-free financial support to small business units, retail traders, artisans, village industries, professionals and self-employed ... More

FINANCIAL INSTITUTIONS

Water, education & health among IDFC key areas
THE five-year-old IDFC is preparing to go to primary schools, probably after learning its lessons from major sectors such as power and telecommunications. Primary education, health service, water supply and waste disposal are among the new ... More

FIXED DEPOSITS

Investment Trust FDs rated `MA-'
MUMBAI: ICRA has placed the `MA-' rating assigned to the fixed deposit programme of The Investment Trust of India (ITI) on watch, with developing implications. The rating indicates adequate safety, said a news release from the rating ... More

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M.S. Oberoi dies at 103

The TDS milch cow

Cement sector output crosses 100-mt mark

The ebb-flow match continues for IT cos

Wheat MSP a `mirage' outside Punjab, Haryana

Pvt sector allowed into primary healthcare

Land bridge to Lanka to cost $500 million

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Apr. 21-Apr. 27
Bank on security rules to tackle armed attack

Investment cap on relief bonds for retirees goes

Oriental Insurance set to restructure workforce

Bank of Baroda extends Rs 100-cr credit to IFCI

New motor insurance tariffs by mid-May

HDFC Standard does Rs 1,266-cr business