The Hindu Business Line : Sunday, October 26, 2003

The risks pile up for investors
Opting for floating rate mortgages when interest rates have bottomed out, and pouring money into stocks when valuations are expensive can enhance risks substantially for the investor. Adverse interest rate movements can severely compromise financial security. More

FOREX

$90-b forex pile... but cheap export credit hard to come by
MR R. Parthasarathy, who owns a small-scale auto components export business here, is unable to understand why his bank cannot give him a cheap foreign currency loan, when the country's forex reserves are brimming. He asked his banker for a ... More

Cash dollar shortage — Bankers want FCNR deposit cap lifted
A freeing of the FCNR interest rates would enable banks to attract dollar funds. More

Forex reserves up $962 m owing to revaluation
A REVALUATION in the RBI's basket of currencies has aided in augmenting the country's forex reserves by another $962 million to take the total reserves to $91.315 billion for the week ended October 17 as against $90.353 billion in the previous ... More

STOCKS

Indian Overseas Bank: Under valued
FRESH investments in the stock of Indian Overseas Bank can be considered. The stock offers a dividend yield of close to 5.3 per cent and is trading just marginally above its book value. It is also trading at a price to earnings multiple of three. ... More

HOUSING FINANCE

Can Fin Homes: Take shelter for a year
THE fixed deposit programme of Can Fin Homes is open for investment. The interest rates on the cumulative scheme is on a par with the industry major HDFC, but higher (by 50-75 basis points) than banks. Being a housing ... More

It's really a United (Bank) housing loan!
UNITED Bank of India, which is in the thick of an image overhaul exercise, has decided to favour married men who muster support from their spouses while applying for housing loans. If you are a housing loan applicant, your loan could actually ... More

HDFC offers new adjustable rate for housing loans
HOUSING Development Finance Corporation Ltd is offering adjustable rate home loans at 7.75 per cent for term of up to 20 years, the offer being open for a period of 10 days starting October 27. The offer will be available at all HDFC offices, ... More

LIFE INSURANCE

Child plans: Shock-proofing their life
EVERY parent dreams to see his or her children grow into a successful person. To make your dreams come true and meet parental responsibilities, you have to think ahead and provide for future expenses as your child ... More

INSURANCE CORNER
LIC's New Bima Kiran
AFTER having a truly competitive product offering in the pure term assurance space, LIC's New Bima Kiran is a modified version of the plain vanilla term plan. Unlike pure term plans, this policy incorporates survival ... More

HUMAN RESOURCES

Union Bank to hire 325 `specialists'
TO sharpen its competitive edge, Union Bank of India will be recruiting as many as 325 `specialists' in various fields shortly. The bank, which currently has a staff strength of 27,000, has been on a recruitment drive for specialised officers ... More

PUBLIC SECTOR BANKS

UBI strategy to boost advances on anvil
STUNG by a negative credit growth in the first quarter of the current financial year, United Bank of India has embarked upon a multi-pronged strategy to boost advances. The strategy, launched in August, presupposes revision of loaning powers ... More

FINANCIAL INSTITUTIONS

Ministry brushes aside concern on IDBI burden after conversion
WHILE worries have been expressed that conversion into a bank may lead to a Rs 25,000-crore accumulated burden on Industrial Development Bank of India (IDBI) after five years under the proposed roadmap for transition, the Ministry of Finance ... More

GOVT BONDS

The OMO mystery
THE Reserve Bank of India (RBI) will conduct open market operations (OMO) on October 23 and 27. What is OMO? It refers to the buying and selling of government bonds by the RBI. The central bank uses OMO as a monetary ... More

CREDIT CARDS & DEBIT CARDS

ICICI Bank, Fed Bank to offer co-branded card
ICICI Bank and Federal Bank have signed a memorandum of understanding to launch `ICICI Bank Federal Bank co-branded credit card' and also to share their ATM networks. Federal Bank, which does not have a credit card offering as of now, will ... More

RIGHTS ISSUES

IDBI Bank: Subscribe
INVESTMENTS in the rights offer of IDBI Bank can be considered. The offer price of Rs 22 is attractive, considering the company's fundamentals. In addition, the offer is being made at a considerable discount to the ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line