The Hindu Business Line : Sunday, September 21, 2003

Bank credit numbers belie `feel good' factor
THOUGH there is a feel good factor in industry and every industrialist and banker is talking of an economic recovery, bank credit numbers do not confirm the good tidings. Cumulative bank credit (food and non-food) has gone up for two ... More

FOREX

Forex reserves touch $87.9 b on NRI remittances
THE forex reserves of the country grew by $491 million to touch $87.856 billion for the week ended September 12 on account of NRI remittances and export receivables. This figure does not reflect the impact of the new measures taken by the ... More

INFORMATION TECHNOLOGY

NCR Corp plans to hike ATM machines output
NCR Corporation, the leader in the Indian ATM industry, plans to leverage its local production facility to cater to the growing market in South-East Asia. The company, which started out as National Cash Register in the US and has become an ... More

STOCKS

Canara Bank: Buy
FRESH investments can be considered in the stock of Canara Bank. The stock is attractively valued compared to peers such as Punjab National Bank and Bank of Baroda. The stock trades at a price-to-earnings multiple of ... More

CONSUMER FINANCE

Canara Bank signs MoU with M&M for tractor loans
CANARA Bank has entered into a memorandum of understanding (MoU) with Mahindra & Mahindra Ltd (M&M)to grant loans with various special features to farmers seeking to buy tractors. Sources said that the new loan scheme has been designed keeping ... More

LIFE INSURANCE

INSURANCE CORNER
Aviva's EasyLife Plus
`EASYLIFE Plus' is an endowment plan that allows you to accumulate a certain amount at the end of a specific term through regular savings and also provides life cover. The product provides an in-built ... More

LIC moots tie-up with non-life insurer for mediclaim policies
A SUGGESTION has been mooted by Life Insurance Corporation (LIC) to tie-up with a non-life insurance company, to offer medical reimbursement benefits to group life policy holders. A plan to this effect has been made by the Zonal office here and ... More

GENERAL INSURANCE

VRS in the offing for PSU general insurance staff
THE voluntary retirement scheme (VRS) for employees of the four public sector general insurance companies is likely to be notified during the course of this month. Top officials said that the four companies would be taking it to their ... More

RBI & OTHER CENTRAL BANKS

IMF-Bank meet to focus on infrastructure funding
COUNTRY-SPECIFIC discussions, with particular focus on funding for infrastructure projects is expected to be held during a bilateral meeting between senior Indian officials and the President of the World Bank, Mr James Wolfensohn, ahead of the ... More

CHECK IT OUT

RBI caps interest rates on NRE deposits

PUBLIC SECTOR BANKS

Corporation bank too cuts NRE deposit rates

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