The Hindu Business Line : Sunday, December 28, 2003

RBI urged to fix collection rate for outstation cheques
THE Indian Chamber of Commerce and Industry (ICCI) has urged the Reserve Bank of India to fix the collection charges for outstation cheques as banks are charging high amounts from customers for collection of outstation cheques. ICCI said that ... More

PENSION PLANS

INSURANCE CORNER
ING Vysya Best Years Retirement Plan
ING Vysya's pension plan is a simple accumulation product that allows you to build up a certain lumpsum, which can be used to buy annuity, on the chosen date of retirement. The advantage of this product is its ... More

FOREX

Forex reserves: FII investment trend `will determine future'
IT is now official. The country's forex reserves soared by $1.090 billion, for the week ended December 19, 2003, to finally cross the much-awaited $100-billion mark. The forex kitty is now fortified at a formidable $100.049 billion, as per the ... More

PRIVATE BANKS

City Union Bank plans to expand geographical reach
CITY Union Bank intends to keep adding 10-15 branches to its network each year, in order to increase its reach. The bank today has 125-odd branches — it expects to have at least 50 more by 2007. This is necessary in view of the bank's ... More

CREDIT MARKET

Plan panel wants educational loans at lower rates
PARADOXICAL though it might sound, the fact remains that while the rates of interest in consumer sectors like housing and car purchase hover around 7 per cent to 8 per cent, educational loans suffer from the high prevailing rates of ... More

Bank credit up Rs 3,731 cr
GROSS bank credit in the system has increased by Rs 3,731 crore to touch Rs 7,70,368 crore for the fortnight ended December 12. This is inclusive of food credit at Rs 35,507 crore and non-food credit at Rs 7,34,861 crore, according to the Weekly ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line