The Hindu Business Line : Sunday, December 07, 2003

Banks told to extend foreign loan based on board's hedging policy
THE Reserve Bank of India on Saturday said that banks should extend foreign currency loans above $10 million only on the basis of a well laid-out policy of their boards with regard to hedging of the loan. The limit can also be lower that $10 ... More

Forex kitty up $ 698 m
AIDED in part by a revaluation of the Reserve Bank's basket of international currencies, the country's forex kitty was enhanced by a modest $ 698 million this week, as compared to an increase of $ 1.710 billion in the previous week. Forex ... More

STOCKS

UTI Bank: Buy
FRESH investments in the stock price of UTI Bank can be considered now. Investments at this price hold the potential to deliver attractive returns. Sustainable ... More

LIFE INSURANCE

Life Insurance — Will Goliath need cover from Davids?
IT IS three years since the life insurance industry was thrown open to competition from private players. During this time, 12 insurers have come in and are exploring opportunities for growth in a market that is ... More

Read the fine-print carefully
TAKE a drive along the main roads and flyovers of your city and you cannot miss those huge hoardings that set you thinking: `Am I adequately insured?' Three years of privatisation has given a whole new face to the ... More

INSURANCE CORNER
LIC `s Jeevan Kishore
LIC's Jeevan Kishore is a deferred endowment plan for children. Under child plans, the parent is usually the policyholder; in the case of this particular plan, the life insured is that of the child and the parent or ... More

GMR plans investments in ING Vysya Life
GMR Technologies & Industries Ltd has informed the stock exchanges that following the decision taken by its board recently to enhance its investments in ING Vysya Life Insurance, the company has convened an extraordinary general meeting of its ... More

RBI & OTHER CENTRAL BANKS

RBI calls meet to discuss liquidity facility, fund plan
THE Reserve Bank of India has called a meeting of treasury heads and Fixed Income Money Market and Derivatives Association of India (FIMMDA) on December 10, to discuss the reports on Liquidity Adjustment Facility and a stabilisation fund. The ... More

PUBLIC SECTOR BANKS

SBI launches `Express' links in Mumbai
THE State Bank of India on Saturday launched `SBI Express' at its Global Link Services at Andheri (E), which functions under the GM (IS) in the International Banking Group. SBI Express aims to give speedy and efficient inward rupee remittances ... More

Andhra Bank to pay 14% interim

EVENTS

Naidu to inaugurate insurance meet
THE Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, will inaugurate the `Insurance Summit' in Hyderabad on December 8. In a statement, the Confederation of Indian Industry, which is organising the two-day event, said that the theme of ... More

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