The Hindu Business Line : Friday, September 19, 2003

RIB outflows will not impact markets: RBI
WITH the Resurgent India Bonds (RIB) redemptions just a fortnight away, the Reserve Bank of India has reiterated that ` no cognisable impact' is anticipated in the financial markets on account of the dollar outflow. The RBI will meet most of ... More

Rupee slips; gilts down
MUMBAI: The domestic currency closed at 45.9750/9850 per dollar on Thursday, marginally lower than Wednesday's close at 45.95/96 in the forex market on Thursday. The rupee opened at 45.96/98 and slipped to an intra day low of 46.07/08. ... More

INFORMATION TECHNOLOGY

SBI computerisation drive

CONSUMER FINANCE

SBI, Bajaj Auto sign pact
STATE Bank of India and Bajaj Auto Ltd on Thursday announced a strategic tie-up to offer loans for its two-wheeler customers. The two entities signed an agreement entering into a preferred relationship for extending consumer finance all across ... More

LIFE INSURANCE

LIC in pact with SBI Caps
LIFE Insurance Corporation of India (LIC) has entered into a strategic alliance with SBI Caps to avail of the merchant banker's investment banking and project advisory services. LIC and SBI Caps signed a memorandum of understanding to this ... More

Life insurance pact

GENERAL INSURANCE

Privatisation of ESIS mooted
A SUGGESTION to the Centre to consider privatisation of the Employees State Insurance Scheme (ESIS) has been made by the Indian Chamber of Commerce and Industry (ICCI), Coimbatore. While welcoming pension reforms, it has also expressed the view ... More

Detariffing: Govt wants IRDA group to listen to truckers' views
Apprehending trouble if the truckers are left out, the Ministry has reminded the group that there has already been an all-India transport strike in April. More

PRIVATE BANKS

ICICI Bank personal loan receivables `safe'
RATING agency Crisil has assigned the highest ratings to various instruments issued under ICICI Bank's securitisation programme involving personal loan receivables. `P1+(so)' rating indicating strong degree of safety regarding timely payment ... More

ICICI Bank ready to lend to urban local bodies
"Projects with clear revenue streams should be developed; then banks will be interested in funding them. Ratings of these bodies will also bring in great comfort to banks,'' Mr Nachiket Mor, Executive Director, said. More

PUBLIC SECTOR BANKS

UBI eyes Rs 1 lakh crore topline
EYEING a topline of Rs 1 lakh crore by next fiscal-end, Union Bank of India (UBI), the Mumbai-based public sector bank, has chalked out aggressive growth plans to be implemented in various segments of its operations. These include information ... More

FINANCIAL INSTITUTIONS

ECGC opens Vizag branch
EXPORT Credit Guarantee Corporation Ltd (ECGC) is offering different types of customised insurance products to exporters to cater to their needs in the turbulent international situation prevailing now, Mr S. Prabhakaran, Executive Director, has ... More

IDBI pays dividend

FOREIGN INSTITUTIONAL INVESTORS

`NRI-owned overseas firms on par with foreign investors'
THE Reserve Bank of India has today permitted overseas entities owned by non-resident Indians (NRIs) to enjoy all the facilities available to any foreign investor, including automatic route for foreign direct investment. However, these ... More

NON-PERFORMING ASSETS

Kerala co-ops can take over assets

TRENDS

Bankers give Reliance credit -- plenty of it!
YOU could say it's a case of Reliance coming to the bankers' rescue! Every banker has been complaining of declining borrowings from the corporate sector during the past two years. A quick search on the CMIE database of bank borrowings for a ... More

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