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Monday, December 01, 2003
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MONEY & BANKING

PENSION PLANS


LIC to manage pension fund
MANGALORE: Life Insurance Corporation of India has assumed the responsibility of management of pension liability of the Karnataka Bank Ltd (Employees') Pension Fund through its Annuity Purchase Scheme and matters incidental thereto. The ... More

INSIGHT


`Indian banks poised for further growth'
"THE Indian banking sector is possibly the only one in the region that has exhibited clear signs of positive cyclical momentum," according to the latest issue of the journal, the Asian Banker. With the disbursement of credit by banks adding up ... More

FINANCIAL PERFORMANCE


LIC Housing Q2 profit rises 23 pc
LIC Housing Finance has reported a 23-per cent increase in net profit for the quarter-ended September 30, 2003. Net profit for the quarter amounted to Rs 35.98 crore, as against the figure of Rs 29.23 crore in the same period last ... More

PUBLIC SECTOR BANKS


Banks losing hope of returning capital to Govt
PUBLIC sector banks that had earlier this fiscal put in proposals to the Ministry of Finance for trimming their equity base by returning part of the capital to Government are losing hope of an early decision on this issue. In fact, after a wait ... More

Andhra Bank slashes rate to SHGs by 50 basis points
ANDHRA Bank has decided to slash interest rates on lending to self-help groups (SHGs) by 50 basis points at 8 per cent from the existing level of 8.5 per cent. Announcing this at the Founder's Day celebrations of the bank here on Saturday ... More

GOVT BONDS


Bankers turn sellers; insurers coy
BOND yields remained ranged during last week despite the big expansion in reserve money flows, as bankers were focussed on bottom lines. Traders said that few of the big trading banks were keen to push up exposures in securities. This was ... More

CORPORATE BONDS


`Adequate safety' rating for KNNL bond issue
CREDIT rating agency, ICRA, has assigned outstanding LA+(SO) rating to the Rs 1,600-crore proposed bond issue of Karnataka Neeravari Nigam Ltd (KNNL), indicating adequate safety. The ratings are based on structured payment mechanisms ... More
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Mid-Term Monetary and Credit Policy for the year 2003-2004

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Top Stories
`Indian banks poised for further growth'


More mobiles, and sparrows take flight

PC majors join `assembled' race

AIDS drugs at lower prices for Govt-run programmes

Basmati exports may be hit on new EU rule — Serious impact on shipments from Pakistan

Audacious outrage!

Bullish market needs liquidity support to gain momentum

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

Looking back
Nov. 23-Nov. 29
Steady inflows boost forex reserves by $452 m

Govt should report on use of forex reserves: Chidambaram

FIIs taking forward cover for inward remittances

ECB curbs — A clichéd approach to tackling forex riches?

Leverage the appreciating rupee

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

Jaswant has set the cat among pigeons


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