The Hindu Business Line : Monday, February 09, 2004

FOREX
Hard ball at Boca Raton
The statement from Florida seems like a compromise, with it talking about reduction in excessive volatility, more flexibility in exchange rates by major countries. More

PRIVATE BANKS
Lord Krishna Bank to sell SBI MF products
SBI Mutual Fund has announced its tie-up with Lord Krishna Bank for distribution of its products. Announcing this at a press conference, Mr P.G.R. Prasad, Managing Director of SBI Mutual Fund, emphasised the fact that distribution has always ... More

PUBLIC SECTOR BANKS
Andhra Bank, Corpn Bank to share ATMs
ANDHRA Bank has has entered into an agreement with Corporation Bank for mutual sharing of automated teller machine (ATM) networks. In a press release, the bank said the arrangement, which would be operationalised shortly, was aimed at ... More

GOVT BONDS
Institutional purchases help bonds to stay firm
BONDS remained steady last week on the back of support from large institutional purchases, particularly life insurance companies. However, insurers' purchases were modest and not big enough to make any major impact on prices, according to ... More

TRADE & LABOUR UNIONS
CITU to spearhead stir
MANGALORE: The Secretary of the Centre for Indian Trade Unions (CITU), Mr Varadarajan, has said that members of the CITU, employees of the State and Central governments, and those working in banking and insurance sector will strike work on ... More

Cross Currency Rates

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Hard ball at Boca Raton

GM getting ready to launch MUV Trevora

VSAT providers seek direct satellite access

Ministry `in no hurry' to put in force grain export scheme

Ministry asks DG Shipping to amend CoA norms

Broader indices may perform better

Looking back
Feb. 1-Feb. 7
Forex reserves up by $1.11 b

Private bank stocks lose sheen

Insurers sell long-term papers to meet VRS payouts

Banks' profitability up despite drop in treasury incomes

Fed's wordcraft roils markets

Resident Indians can remit up to $25,000 annually

At last, some cheer for farm sector

Sabbatical: Sydicate Bank sees Rs 50-cr gain

Moody's rates most banks `stable'