Financial Daily from THE HINDU group of publications
Monday, October 20, 2003
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INSIGHT


Better leave forward markets undisturbed
Agriculture has done well, the manufacturing and service sectors are robust, the stock market is booming. With this economic background, a rate cut at this juncture is unnecessary. Market expectations in this regard seem misplaced. More

HOUSING FINANCE


SBI's housing finance branch
BANGALORE: State Bank of India (SBI) has opened a specialised housing finance branch, the second such in the country, to cater to the tech-savvy city's growing need for housing finance, according to a press release. The branch can cater ... More

PUBLIC SECTOR BANKS


Canara Bank opens branch at Pettah
THIRUVANANTHAPURAM: The Union Minister of State for Defence and Parliamentary Affairs, Mr O. Rajagopal, inaugurated the Pettah branch of Canara Bank, its 242nd in the Kerala Division. According to bank sources, an ATM facility would be ... More

GOVT BONDS


Real yields turn negative at long-end
Large forex inflows are triggering worries among bankers of a further softening in interest rate. The government's borrowings for the year are almost complete and RBI seems to have run out of special securities. More

BOOKS


`Small banks facing challenges'
WHAT is common between Karnataka Bank Ltd and Vysya Bank Ltd (now rechristened as ING Vysya Bank Ltd)? Both of them are small private sector banks, according to a study conducted by Dr N.K. Thingalaya, former Chairman and Managing Director of ... More
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Oct. 12-Oct. 18
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