The Hindu Business Line : Sunday, November 23, 2003

Steady inflows boost forex reserves by $452 m
THE country's forex reserves grew by $452 million taking the kitty to $93.663 billion for the week ended November 14. The increase seen in the reserves was higher in the previous week at $613 million. According to the latest RBI statistics, the ... More

INSURANCE

Unit-linked insurance plans — The honey and the sting
THE equity market, when it is all abuzz, has the magical quality of morphing into a honeycomb. Investors swarm it, lured by the prospect of high returns. It is no different now. Investors — those that ... More

STOCKS

UTI Bank: Relative value Buy
INVESTORS can buy the stock of UTI Bank. On key parameters, UTI Bank's performance in first half of 2003-04 does not compare favourably with those of HDFC Bank, which is the leading private sector banking player. In terms of growth in retail ... More

NBFCS

Ashok Leyland Finance: Pick it up
THE fixed deposit programme of Ashok Leyland Finance (ALF) is a good option. The interest rates are higher than that offered by other auto-finance companies such as the Bajaj Auto Finance and Lakshmi General Finance. ... More

HOUSING FINANCE

Building bonanza: Attractive rates on offer
THE allure of home loans has never been stronger. Housing finance companies are building much excitement in the market, with HDFC, ICICI Bank, LIC Housing Finance, IDBI Bank, ABN Amro and CitiBank vying with one ... More

Refinancing is lucrative now
Refinancing, or repricing, of a home loan is beneficial even if the rate decline is only 1 percentage point. And for those who are now with floating-rate loans, the time is perhaps ripe to switch to a fixed-rate loan and lock into low rates. More

Home loans: Less sensitive to inflation now
For many Indians, buying a home is an emotional decision. However, with both interest rates and inflation ruling low compared to historic levels, buying a house by taking a loan now makes financial sense too. More

Lock into fixed rate home loans: HDFC chief
MR Deepak Parekh, Chairman of Housing Development Finance Corporation, said today that home loan customers should be more `long-sighted' and `have a longer-term vision' as far as interest rates are concerned. The Chairman of the 26-year-old ... More

LIFE INSURANCE

INSURANCE CORNER
LIC's Jeevan Shree I
THIS is a variant of the regular endowment plan in the sense that premiums need to be paid only over a limited term, though the policyholder is covered throughout the plan. People whose income streams are compressed ... More

RBI & OTHER CENTRAL BANKS

RBI to issue new Rs 100 notes
THE Reserve Bank of India will shortly be issuing Rs 100 notes in the Mahatma Gandhi Series without inset letter in numbering panel bearing the signature of Dr Y. V. Reddy, Governor. Except for the signature of the Governor, the design of the ... More

PUBLIC SECTOR BANKS

BANKING PRODUCTS
Corp Mahila Gold
ARE you a woman who wants to invest in gold? Corp Mahila Gold, a new scheme from Corporation Bank, now offers loans up to Rs 2.5 lakh to buy this "currency without borders". Under this scheme, both employed and ... More

INTEREST RATES

What is interest rate risk?
IN THE latest Report on Trends and Progress of Banking in India, the Reserve Bank of India has cautioned commercial banks of interest rate risk. What is this risk? Suppose the market demands a 5.5 per cent ... More

NON-PERFORMING ASSETS

Indian Bank to recover Rs 25 cr through Lok Adalat
A LOK Adalat organised by the Debts Recovery Tribunal-I here on Saturday cleared the way for Indian Bank recovering about Rs 25 crore. Sixty one cases involving a total claim amount of Rs 76 crore were taken up, apart from 19 `pre-litigation' ... More

ECONOMIC OFFENCES

Regn of equitable mortgage of properties mooted to avert frauds
VISUALISE this -You buy a plot and construct a house. When almost complete/ready for occupation, you learn that the seller of the property had defrauded you by offering the plot on which your house now stands as an equitable mortgage, even before ... More

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