The Hindu Business Line : Sunday, September 07, 2003

ICICI Bank aims to double agri portfolio to Rs 4,400 cr
INITIALLY rolled out for regulatory compliance, ICICI Bank now finds its agri-initiative as a commercial proposition. The bank is targeting to double its portfolio to Rs 4,400 crore by March 2004. The bank embarked upon a focussed agriculture ... More

FOREX

Forex reserves up $692 m
THE forex reserves of the country have surged by $692 million to touch $86.255 billion as on August 29, up from $85.563 billion in the previous week. "The inflows during the week mainly consist of export receivables and FII money going into the ... More

LIFE INSURANCE

INSURANCE CORNER
LIC's Jeevan Samriddhi
JEEVAN Samriddhi from LIC's stable is a regular money-back plan that envisages paying out a certain predefined portion of the sum assured during the premium paying term. The added attraction of this plan is that ... More

GENERAL INSURANCE

Third-party liability: Solution still evasive
THAT United India Insurance has made a provision of Rs 2,500 crore against motor third-party liability portfolio of about Rs 500 crore is seen as an eloquent commentary of the extent to which the portfolio is bleeding the insurance ... More

CREDIT RATING

Crisil assigns P1+(so) to StanChart
CRISIL has assigned P1+(so) rating to Rs 49.83-crore Class A1 pass through certificates backed by car loan receivables of Standard Chartered Bank. The rating of `AAA (so)' has been assigned to the Rs 66.36-crore Class A2 pass through certificates ... More

PUBLIC SECTOR BANKS

Corporation Bank aims to double biz
The net non-performing assets ratio of the bank was at 1.59 per cent and this was one of the lowest in the industry. More

INTEREST RATES

Corpn Bank reduces FCNR rates
CORPORATION Bank has revised its FCNR rates with immediate effect according to the bank release here on Saturday. The interest rate on US dollars for a tenure of one year and to less than two years is 1.15 per cent (previously 1.20 per cent) ... More

CREDIT MARKET

Bank credit dips by Rs 1,430 cr
TOTAL bank credit has decreased by Rs 1,430 crore to Rs 7,27,244 crore with a dip in food credit for the fortnight ended August 22. The increase in non-food credit was rather small by just Rs 538 crore and therefore the total credit has ... More

IPOS

IOB: Invest
FRESH investments in the initial public offer of Indian Overseas Bank can be considered. The offer is priced attractively considering the financial position of the bank, the probable dividend yield offered by the stock ... More

UCO Bank: Invest
Despite promise of reasonable growth in profits, the pricing of the offer appears slightly on the higher side. This is because UCO Bank has one of the lowest spreads in the business. Also, the probable dividend yield on the stock may be lower than t hat of its peers. More

PEOPLE

Y.V. Reddy at RBI helm, favours continuity and change in proper mix
"WHEN will you cut the repo rate? When will forex reserves touch $ 100 million? Will you continue to maintain the soft bias towards interest rates?..." These were some of the questions posed to Dr Yaga Venugopal Reddy by Dr Bimal Jalan, taking ... More

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