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Thursday, November 27, 2003
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MONEY & BANKING

INSIGHT


Report on the Trend and Progress of Banking (2002-03) — RBI's concerns over `narrow banking'
The RBI feels that the banks have been neglecting their primary function of credit creation in favour of "narrow banking" for short-term gains. While this could be appropriate in times of easy liquidity, the macro-economic performance of the banking system in the long term would hinge on its ability to fund industrial and other enterprises, says S. D. Naik. More

FOREX


Onus on banks to see cos hedge forex loans
While the country's biggest bank, State Bank of India, has always been insisting on a hedging mechanism in case of its foreign currency loans, other leading public sector banks are also understood to be following suit. More

HOUSING FINANCE


Floating rate home loans — Advantage new customers
HOW floating is floating rate loan, the most popular product on the home loan turf, with over 90 per cent of the market having availed itself of it in the last few years? Better still, how many people understand it. Though interest rates have ... More

Hudco cuts interest rates
THIRUVANANTHAPURAM: The Housing and Urban Development Corporation (Hudco) has announced an overall reduction in the rate of interest for its project financing and individual housing finance window, the Hudco Niwas. A spokesman of the ... More

RBI & OTHER CENTRAL BANKS


Bonds listing deadline March 31
THE RBI has extended the deadline on the compliance of the guidelines for banks on non-SLR investments to March 31, 2004. Accordingly, the guidelines will come into effect from April 1, 2004, according to an RBI press release. The apex bank ... More

FINANCIAL INSTITUTIONS


Long-term investment advisory mandates — IFCI in talks with overseas funds
"We are going slow on fresh lending. The focus is now on non-fund based activities." More

NON-PERFORMING ASSETS


DRTs need more manpower
THE Debts Recovery Tribunals may not have made a major difference to the NPA problem of the banking system— but they have indeed helped recover some Rs 8,000 crore of delinquent debts in the last four years. It is possible to enhance the ... More

CREDIT MARKET


For capacity addition, capital goods import — More mid-size cos tap bank funds
AFTER a spell of slack demand from India Inc for most loans other than working capital requirements, mid-sized corporates are now approaching banks for term funds. Surprisingly many of them are keen to lock into fixed rate loans with a growing ... More

PEOPLE


P.S. Rana is Hudco CMD
MR P.S. Rana has been appointed as the Chairman and Managing Director of the Housing and Urban Development Corporation (HUDCO). Mr Rana was holding the post of Senior Executive Director in the housing finance company, according to a press ... More
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Mid-Term Monetary and Credit Policy for the year 2003-2004

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Top Stories
Headhunting goes 24x7


Shell, TotalFina gas supply bid in trouble — No financial back-up from parent

EU proposes anti-subsidy duty on Indian bed linen

Escorts tractor unit pegs Rs 175 cr profit in 2 years

No separate system yet for Bt cotton sale

Grameen bazaars to dot highways

Long-term investment advisory mandates — IFCI in talks with overseas funds

Net investment ups gold demand in Q3

Boeing writes to Air India, makes a case for 777-200

In Focus
Insurance Round-up — 2003
Rising intolerance
(The Hindu)
Vaishnavaite Temples in Tamil Nadu
(The Hindu)
Saivite Temples in Tamil Nadu
(The Hindu)
A Tribute to Semmangudi
(The Hindu)
Organic farming
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
In Depth
Insurance Corner
Swati CA
In Kashmir
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Corporate Governance
Iraq Diary

Looking back
Nov. 16-Nov. 22
Forex reserves rise $ 613 m

World Bank may transfer `complex' jobs to Chennai

Banks recover Rs 499 cr via Act

First quarter show improves on tight spending, lower interest

Treasury gains, major source of banks' income


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