The Hindu Business Line : Tuesday, April 29, 2003

Rupee range-bound; G-secs close firmer
Mumbai: THE mood in the currency markets was cautious on Monday ahead of the Credit Policy to be released on Tuesday by the Reserve Bank of India. Despite good supplies of the dollar, the rupee ended the day weaker by 2 paise at 47.3750/3850 ... More

INFORMATION TECHNOLOGY

Shared ATM networks gain favour
THE automated teller machine (ATM) sector in India is headed for competitive days. ICICI Bank and State Bank of India already have a widespread ATM network across the country. Now, a couple of nationalised banks and some private banks are ... More

STOCKS

Banking stocks rally ahead of Credit Policy
The banking sector stocks witnessed an across-the-board rally on the bourses today in a run-up to the Credit Policy, to be announced on Tuesday, on expectations of a cut in the Bank Rate and repo rate. Though the Credit Policy seemed to be the ... More

HOUSING FINANCE

Housing loan for beedi workers

PRIVATE BANKS

EPFO pension thru UTI Bank

PUBLIC SECTOR BANKS

State Bank not to book accrued interest on Dabhol project loans
STATE Bank of India will not be booking accrued interest this year on overdue loans to the Dabhol Power Company (DPC). Besides, the country's largest commercial bank, which has an exposure of more than Rs 1,000 crore in the 2184-MW power ... More

FOREIGN BANKS

HSBC to focus more on education loans
HONGKONG and Shanghai Banking Corporation (HSBC) has set a target of Rs 100 crore for education loans in the current year. The bank is to go aggressive on this product. The HSBC Country Head of Personal Financial Services, Mr Vivek Kudva, said ... More

FINANCIAL INSTITUTIONS

TDFC plans to broaden lending to Govt depts
THE Transport Development Finance Corporation (TDFC) is looking to diversify its lending portfolio to include infrastructure financing and assistance to Government departments and undertakings for purchasing vehicles, according to a note on the ... More

Exim Bank to retire Rs 700-cr debt
Even with the retirement of this debt, the bank will still be strapped with a high-cost debt portfolio to the tune of Rs 1,000 crore. More

NON-PERFORMING ASSETS

IDBI takes over Suman Motels' Alibaug resort
INDUSTRIAL Development Bank of India (IDBI) has taken over possession of the second resort of Suman Motels Ltd located at Alibaug under the newly introduced Securitisation and Reconstruction of Financial Assets and Enforcement of Security ... More

TRADE & LABOUR UNIONS

`Clean Note Policy' under fire — SBI staff union issues notice for token strike
THE State Banks' Staff Union (SBSU), Kerala Circle, has issued notice for a one-day token strike on May 5 to press a list of demands, including suspension of the order for implementing the Clean Note Policy until the apex All-India State Bank of ... More

CO-OPERATIVES

Special courts for co-op banks

PEOPLE

Harkirat Singh opts out of Rabo Bank
MR Harkirat Singh, one of the three promoters of the proposed private sector Rabo Bank, has pulled out of the venture, stating that there is "lack of mutuality of the objective of the bank". The RBI had granted an in-principle approval to the ... More

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