The Hindu Business Line : Monday, December 29, 2003

SIB products for Net-based fund transfer
THE South Indian Bank has introduced two products for fast and hassle-free transfer of money from abroad, in association with UAE Exchange Company Ltd and Wall Street Finance Ltd. The schemes are Internet-based money transfers whereby the ... More

INSIGHT

Reflections on scoring a century
IT HAS been a time for celebration on the BoP front as much as in the field of sports. RBI has recently reported that it has reached a level of forex reserves of $ 100 billion. This figure is magical, especially ... More

PUBLIC SECTOR BANKS

IOB mulls branch in Gulf for NRIs
INDIAN Overseas Bank is exploring the possibility of opening a branch in the UAE to serve NRI customers in the Gulf region, according to its Chairman, Mr S.C. Gupta. Mr Gupta, who is in Abu Dhabi, told Business Line that following useful ... More

GOVT BONDS

Caution is watchword in G-secs market
BOND markets remained subdued as traders preferred caution towards the year-end in view of major uncertainties and absence of any direction from the Reserve Bank of India (RBI). Traders said that among the major concerns dogging the market were ... More

NON-PERFORMING ASSETS

Banks advised to go for out-of-court settlements
BANKS should try to enter into out-of-court settlement with defaulters, as far as possible, Mr Justice A.R. Lakshmanan of the Supreme Court of India, said here today. The process of getting a decree takes a long time and even if a bank obtains ... More

Debt Tribunal holds special sitting at Karur
IN order to speed up recoveries in the Original Applications filed and pending before the DRT II Chennai, its Presiding Officer, Mr A. Vijayakumar, conducted a special sitting at Karur. As many as 82 cases were tried of which 54 ended in a ... More

CREDIT CARDS & DEBIT CARDS

Plastic money is here, there & everywhere
THE age of plastic money seems to be here to stay. A recent American Express `Share of Wallet' study among cardholders across the six cities of Delhi, Mumbai, Kolkata, Chennai, Bangalore and Hyderabad reveals that card usage is highest for dining ... More

TRADE & LABOUR UNIONS

Develop strategy for new scenario, SBI staff told
MEMBERS of the State Banks' Staff Union (SBSU) should work together to develop strategies to cope with the situation arising from the sweeping changes affecting the banking industry and the Indian economy as a whole, said Mr Y. Tharaknath, ... More

Indian Bank staff campaign
HYDERABAD: Employees from the 16 branches of the public sector Indian Bank in the twin cities took out a rally in the Mallapuram-Nacharam area on Sunday to popularise various products offered by the bank. "Split into 10 teams, all the ... More

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