The Hindu Business Line : Sunday, August 17, 2003

Forex reserves up $297 m, near $85 b
THE country's forex reserves have gone up by $297million to touch $84.997 billion for the week ended August 8, 2003, following a revaluation of the RBI's basket of currencies. Reserves had taken a dip of $204 million in the previous week. The ... More

STOCKS

IDBI: Sell/Re-enter at lower levels
The sops given to IDBI will endow it with enough resources to counter the negative impact of the mountain of bad loans. However, whether it will automatically transform into a bank whose profits will keep growing, is subject to doubt, say s Suresh Krishnamurthy. More

NBFCS

Cholamandalam Investment & Finance — Riding on auto sector
THE fixed deposit programme of Cholamandalam Investment and Finance, a Murugappa group company, is open for investment. The interest rates are lower than that of Ashok Leyland Finance. However, considering ... More

Manappuram General Finance and Leasing: Unattractive
INVESTMENT in the rights offer of Manappuram General Finance and Leasing (MGFL) can be avoided. The offer is being made to augment the long-term resources of the company. However, the capital adequacy of the company ... More

LIFE INSURANCE

INSURANCE CORNER
ING Vysya's Fulfilling Life
A FUSION product with the features of both whole-life and money-back policies, ING Vysya's Fulfilling Life not only makes payouts at regular intervals during the lifetime of the policyholder but also makes a lumpsum ... More

PUBLIC SECTOR BANKS

Syndicated loans: SBI top book-runner
STATE Bank of India, has emerged as the top book-runner for syndicated foreign currency loans for Indian corporates during January-July, 2003, according to figures published by the IFR (Asia), a sister publication of International Financial ... More

MERGERS & ACQUISITIONS

Key RBI notifications thru Parliament route?
IF the Reserve Bank of India wants to take over a badly-run bank or exempt a cooperative bank from statutory liquidity ratio requirement, it does so by issuing a notification. The orders can take immediate effect. Not so, once Parliament passes ... More

PEOPLE

M. Venugopalan takes over as Bank of India CMD
MR M.Venugopalan has taken over as the Chairman and Managing Director of Bank of India (BoI) from August 14. Prior to this appointment, Mr Venugopalan was the Executive Director of Union Bank of India. He started his career as an officer with ... More

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