The Hindu Business Line : Thursday, August 15, 2002

Rupee loses; gilts decline
Mumbai: THE rupee closed a tad weaker on Wednesday at 48.60/61 to a dollar as compared to its previous close of 48.5950/60. Dealers said that but for the constant dollar buying from nationalised banks, the rupee would have appreciated from its ... More

LIFE INSURANCE

Insurance cos oppose agent rebating
Most life insurance companies support banning of rebating, although they all agree that monitoring this is almost impossible. More

CREDIT RATING

`P1+'(SO) for Citibank PTC

RBI & OTHER CENTRAL BANKS

RBI to transfer Rs 10,320 cr to Govt

PUBLIC SECTOR BANKS

Corpn Bank recasts risk portfolio on Deloitte's advice
THE state-owned Corporation Bank has undertaken "several restructuring exercises" in its credit and market operations following recommendation of consulting firm Deloitte Haskins & Sells, banking sources said. The complete restructuring is likely ... More

Union Bank may look at VRS after 2 years
THE state-owned Union Bank Ltd, which plans its maiden IPO of Rs 288 crore this month, is likely re-visit voluntary retirement scheme after "two years", the Chairman and Managing Director, Mr V. Leeladhar, said. "There will be no second VRS in ... More

Corpn Bank unveils 3 new services
AS part of its initiative to offer `technology-driven' services to its customers, the Mangalore-based public sector Corporation Bank has launched three new services. Internet banking clients of the bank can now pay their life insurance premia ... More

NON-PERFORMING ASSETS

Professional to head banks' asset recast co
THE asset reconstruction company set up by financial institutions and banks will select a professional to head the company within the next few days. Discussions on the appointment of a person as managing director of Asset Reconstruction ... More

Lenders keep their fingers crossed on NPAs Bill
LENDING institutions in the country are keeping their fingers crossed that the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, 2002, will be re-promulgated by the Government. Even though ... More

Top 4 lenders discuss NPA recovery
THE top four lenders - IDBI, IFCI, SBI and ICICI Bank - of the country met today to discuss a co-ordinated approach to recover or restructure non-performing assets (NPAs). In an initiative, a first of its kind and empowered by the ... More

CREDIT CARDS & DEBIT CARDS

HSBC to waive petrol surcharge for credit card purchases
HONGKONG and Shanghai Banking Corporation Ltd (HSBC) is to waive surcharge on petrol purchases for its credit card holders. This is part of an Independence Day gift the bank is offering its customers. Effective from August 15 the 2.5 per cent ... More

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Endosulfan remains a riddle shrouded in controversy

States pushing for Internet security centre

Home-based medical transcription catching up — A rewarding career for women

Lenders keep their fingers crossed on NPAs Bill

CII revises up industrial growth estimate to 4.5%

Prasar Bharati to restart programme outsourcing

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Aug. 4-Aug. 10
IBA group mulls lower rates on rural credit

As insurers resort to undercutting — IRDA panel hikes penalty for breach of tariff norms

IBA for speedy disposal of loan applications

No investment limits on new tax-free bonds

Mortgage-backed securities begin to gain acceptance

Cross-selling, the new mantra for pvt banks