MONEY & BANKING
FOREX
Forex reserves up $772 m
THE foreign exchange reserves of the country increased by $772 million to touch $109.132 billion for the week ended March 5, up from $108.36 billion in the previous week. According to the latest weekly statistical supplement released by the ...
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HOUSING FINANCE
Will home loan rates continue southward journey?
UP, down or stable? That's a tough call for both existing and prospective home loan customers. On the belief that home loan rates have bottomed out, many customers are in the throes of deciding whether to drop anchor by opting for the higher ...
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GENERAL INSURANCE
Pvt non-life insurance players fare better in April-January
ALL the private players in the Indian non-life insurance industry continued their dominance by registering quantum increase in their business for the first 10 months of the current fiscal year. In contrast, three of the public sector majors ...
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PRIVATE BANKS
TMB inducts 10 directors on board
THE Tamilnad Mercantile Bank formally inducted 10 directors on its board on Saturday. They were elected by the shareholders at the annual general meeting for 2002-03 held here on Friday. The elected directors include Mr B. Ramachandra Adityan, ...
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PUBLIC SECTOR BANKS
Indian Bank launches Sunday remittance service in Singapore
INDIAN Bank's Singapore branch has launched ``Sunday remittance service'' on the basis of what the bank saw as a need felt by the Indian nationals in the City-State. To begin with, the new facility will be available on the first and last ...
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CREDIT MARKET
Bank credit climbs up Rs 7,123 crore
BANK credit has jumped by Rs 7,123 crore for the fortnight ended February 27, 2004 to a cumulative figure of Rs 8,10,965 crore. The increase has been on account of both the non-food and the food credit segments. Typically jumps are seen ...
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SECURITISATION
Andhra Bank plans to go aggressive on securitisation
HAVING emerged as the first public sector bank to successfully complete the first tranche of securitisation of its housing loan portfolio, Andhra Bank is now planning to go aggressive on securitisation of its other asset portfolios as well, ...
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Cross Currency Rates
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