The Hindu Business Line : Wednesday, November 05, 2003

Margadarshi Chit branch in Mangalore
MANGALORE: The Managing Director of Margadarshi Chit Fund Ltd, Ms Sailaja Kiron, has claimed that the company has recorded a turnover of Rs 2,000 crore for the financial year 2002-03. Ms Kiron was in Mangalore to inaugurate the 82nd ... More

INSIGHT

US rebound suggests early rate rise
Bond yields have risen significantly not only in the US,, but also in Europe and Japan. More

FOREX

Rupee tad lower; securities rally
MUMBAI: The rupee ended marginally weaker against the dollar on Tuesday at 45.31/3150, as compared to its closing at 45.3050/3150 on Monday. Dealers said although the dollar gained around one per cent against the euro and the pound, it ... More

CREDIT POLICY

Signals to read for corporates
SOME finance professionals see two clear signals in the Credit Policy announced on Monday — an anticipation of the rupee's depreciation and a halt to the softening of interest rates. Mr Gopal Mahadevan, Chief Financial Officer, Amara Raja ... More

LIFE INSURANCE

Birla Sun Life, KVB in pact
BIRLA Sun Life Insurance has entered into an agreement with Karur Vysya Bank (KVB) here on Tuesday, under which the bank will sell Birla Sun Life's insurance policies. Officials said that the bank was expected to earn a premium income of Rs 1.5 ... More

PRIVATE BANKS

UTI Bank to open captive call centre
UTI Bank is to open a captive call centre to be operational in the next financial year. The call centre will have a staff strength of between 50 and 75 people and be based in Mumbai. The bank has also decided to open six rural branches by ... More

PUBLIC SECTOR BANKS

BoI to set up more ATMs in Vizag zone
VISAKHAPATNAM: Bank of India, Visakhapatnam zone, is planning to set up two more ATMs, one here and the other at Guntur, by the end of the financial year. This was stated by the zonal manager, Mr. J.R.V Prasad, at a press meet here on ... More

SBT to open ATM counter in Coimbatore

FINANCIAL INSTITUTIONS

FIs should invest only in rated securities: RBI
FINANCIAL institutions should invest only in rated securities, which carry a minimum investment grade rating from a credit rating agency registered with SEBI, according to the draft guidelines issued by the RBI on Tuesday. The FIs should not ... More

CREDIT CARDS & DEBIT CARDS

Canara Bank debit card for a/c holders
THE public sector Canara Bank has launched its debit card for its account holders in the country. Mr R.V. Shastri, Chairman and Managing Director of the bank said the bank was targeting a customer base of one million before the end of the ... More

FIXED DEPOSITS

PNB deposit schemes
NEW DELHI: Punab National Bank (PNB) has launched two new deposit products - PNB Smart Roamer and PNB Prudent Sweep. Current account holders under the PNB Smart Roamer will now get FD interest rate automatically whenever their balance ... More

INTERVIEW

`We need system to monitor key intermediaries'
"DO you want me to give the interview in my coat or is it better in shirt sleeves?" asked a smiling Dr Y. Venugopal Reddy, before settling down in the spacious brown sofa in his office, sans the coat. He was the same as of yore when as deputy ... More

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