The Hindu Business Line : Wednesday, March 03, 2004

INSIGHT
When less productivity is better than more for US
THE concern over jobs continues to haunt the US. It is fast becoming the campaign theme of the frontrunners for the Democratic Presidential candidacy, Mr John Kerry and Mr John Edwards. The issue is serious. While the economy grew 6 per cent ... More

PRIVATE BANKS
Centurion Bank CoD gets `fair' credit rating
FITCH Ratings India has placed the Certificate of Deposit (CoD) programme of Centurion Bank on `F3(ind)' grade, indicating fair credit quality. It is on rating watch with positive implications. `F3(ind)' ratings indicate that the capacity for ... More

PUBLIC SECTOR BANKS
As part of community service initiatives
SBI set to adopt a village in Maharashtra
JALKE, the dusty little village tucked away in the heart of rural Maharashtra in the district of Jalgaon, is about to have its fortunes turned with help from the country's biggest bank, the State Bank of India. Jalke with a population of 800 ... More

NON-PERFORMING ASSETS
Defaulters beware, banks might bar you!
DEFAULTING on one loan may land you in trouble. You might just find yourself unable to get another loan, a credit card or even a mobile phone connection! Commercial banks and telecom companies in the country are gearing up to share negative ... More

CO-OPERATIVES
UCBs urged to be vigilant against fake relief bonds
When it comes to sanctioning advances against relief bonds, banks should satisfy themselves as to the acceptability of the purpose, genuineness of the credit needs of the borrower and end-use of funds lent, the RBI has said. More

TRENDS
World Bank demands hefty premiums — Govt move to prepay external debt faces rough weather
Prepayment has been used as an instrument for simultaneous correction in both the foreign exchange and in the domestic money markets. More

Cross Currency Rates

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