The Hindu Business Line : Tuesday, November 25, 2003

Govt should report on use of forex reserves: Chidambaram
We haven't found a way to make good use of our resources. Every Government should account for what they are doing about public sector assets and forex reserves, Mr Chidambaram said. More

FIIs taking forward cover for inward remittances
Some of the forwards, up to three months were at a discount, as a result of the FII taking cover. More

Re sheds 14 paise; gilts range-bound
MUMBAI: The rupee lost another 14 paise on Monday to end the day at 45.885/895, with limited dollar inflows and demand from corporates picking up. Many importers and foreign currency borrowers bought dollars in the spot market. The RBI ... More

FINANCIAL PERFORMANCE

PNB posts higher net under US GAAP
PUNJAB National Bank has said that its net profit for the year 2002-03 as per the US GAAP stood at Rs 1,139.77 crore compared to the net profit of Rs 939.57 crore as per the Indian GAAP. The US GAAP figure is 21 per cent more than the Indian ... More

HOUSING FINANCE

A BUSINESS LINE FEATURE ON HOME LOANS

A house of one's own
With both banks and financial institutions elbowing each other out of the way by offering finer interest rates, what should the customer do? Rukmini Vishwanathfinds out. More

To float or not
When taking a floating rate home loan, read the fine print, says Poornima Mohandas. More

The great loan hunt
BOWING to pressure from parents, friends, neighbours and the man on the moon, we finally decided to buy a house. The huge amount of money we would save on rent and taxes sent us into a house-hunting tizzy. After 6 ... More

CONSUMER FINANCE

Corpn Bank signs deals with 2 cos on tractor funding
CORPORATION Bank has signed memoranda of understanding with International Tractors Ltd and L&T-John Deere Pvt Ltd for financing tractors to farmers. Mr A. Mohan Rao, General Manager of the bank, Mr Y.R. Nakra, General Manager (Commercial), ... More

DERIVATIVES MARKETS

Interest-rate derivatives — Banks may be allowed to be market makers
THERE is a consensus emerging amongst regulators to permit market making by banks in exchange traded-interest rate derivatives, said a senior RBI official. ``Internal consultations are on within the Reserve Bank of India and discussions are ... More

PUBLIC SECTOR BANKS

SBI for lifting cap on investors' stake in associate banks
STATE Bank of India (SBI) has approached the Finance Ministry for lifting the ceiling on the equity holding of investors in its associate banks. Currently, the equity holding for both the individual investor and corporates in these associates ... More

UCO Bank bullish on overseas branches
THE performance of UCO Bank's overseas branches is set for an upturn, according to Mr V.P. Shetty, CMD of the bank. "Some of the overseas accounts which had not been doing too well in the past have come back to repayment schedules, thanks to ... More

CORPORATE BONDS

Corporate bond market sluggish
"With the debt markets in a bearish mood, even mutual funds and primary dealers are not in a buying mood," said a senior debt analyst. The market is ill prepared for the new regulations and now trades are restricted to oil bonds and UTI bonds, accord ing to him. More

PEOPLE

Correction

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