The Hindu Business Line : Thursday, December 19, 2002

Interest waived on kharif loans — Banks to bear brunt of Rs 2,000-cr loss
BOWING to pressures from the Agriculture Ministry and State Governments, the Centre has decided to grant a complete interest waiver on crop loans availed of by farmers during the drought-affected 2002 kharif season. The move - formally ... More

FOREX

Re strengthens; gilts weak
Mumbai: THE rupee gained strength on Wednesday to close at 48.1250/1300 against the dollar as compared to Tuesday's close of 48.1375/1425 in the forex market. There was good supply of the dollars, which helped the rupee to strengthen. However, ... More

LIFE INSURANCE

Aviva may raise capital by Rs 50 cr
AVIVA Life Insurance Company's capital is likely to be enhanced by Rs 50 crore. The promoters, Aviva plc of the UK and Dabur, will bring in the money next month. This will take the capital base of the company to Rs 160 crore. Disclosing this ... More

HUMAN RESOURCES

Punjab & Sind Bank to `wear' a new look
PUNJAB and Sind Bank (PSB) is attempting a facelift that could well set a trend in the public sector banking industry. Neckties are now a must as part of a dress code that is being strictly implemented. Frequent surprise checks are undertaken ... More

RBI & OTHER CENTRAL BANKS

Sound external policies needed to avert crisis: Jalan
EMERGING market countries need to adopt policies, which prevent an external crisis by adoption of sound external management policies, according to Dr Bimal Jalan, Governor, Reserve Bank of India. Speaking at the special meeting of African ... More

PRIVATE BANKS

South Indian Bank bid to bridge NRI gulf
SOUTH Indian Bank is concluding new arrangements with correspondents in some Gulf states as it plans to diversify its portfolio and also widen access for its large NRI clientele in this region, according to the bank's Chairman, Mr A. ... More

PUBLIC SECTOR BANKS

LIC licence to Corpn Bank
WITH the Mangalore-based Corporation Bank having secured the corporate agency licence to sell products of the Life Insurance Corporation of India, the Zonal Manager of LIC, Hyderabad, is to officially hand over the licence to the Chairman and ... More

NON-PERFORMING ASSETS

Bankers unhappy with Coimbatore DRT — `Not a single final order has been passed'
Unable to put up with the DRT's lethargic functioning, the bankers had drawn the attention of the Finance Ministry, Chief Justice, Debt Recovery Appellate Tribunal and the Indian Banks Association to their grievances. More

Banks look to IDBI for recovery against Roofit
BANKS are awaiting a decision from IDBI Ltd, the term lending institution which has major exposure to Roofit Industries Ltd, to go ahead with the recovery proceedings. Roofit Industries Ltd, a manufacturer of asbestos cement sheets, and its ... More

RBI proposes stiff prudential norms for setting up ARCs
THE Reserve Bank of India today said an asset reconstruction company (ARC) would have to maintain a minimum capital adequacy ratio of not less than 15 per cent of its total risk-weighted financial assets on an on-going basis. The risk weight ... More

CO-OPERATIVES

AP keen on Charminar Bank revival
HYDERABAD: Efforts have been stepped up for the revival of the beleagured Charminar Urban Co-operative Bank and a decision on the plans to ensure its revival with the support of the Reserve Bank of India are underway, according to the ... More

`Co-op bank policies need periodic review'
SPEAKERS at the inaugural session of the four-day All India Mahila Co-operative Bankers' Summit wanted a review of the policies pertaining to co-operative banks on a periodic basis and evolve new policy framework to tackle the emerging problems ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Top Stories
Cony Bio catching on

LG Electronics launches CDMA handsets

Higher interest rate for senior citizens — Does it send the right signals?

Coca-Cola may dump Life ho to aisi campaign — Thanda matlab rural campaign top draw in urban areas too

SEBI issues norms on derivative products

Rs 11,000-cr gap in direct tax collections

`Kautilya's may be alternative model'

Withering orders dry up flower exporters' coffers

In Focus
Inside China

Gujarat Elections