Financial Daily from THE HINDU group of publications
Sunday, March 21, 2004

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Forex reserves increase by $464 million
THE country's forex reserves have risen by $464 million to touch $109.596 billion for the week ended March 12, 2004, as against $109.132 billion in the previous week, as per the latest RBI statistics. The rise in reserves was mainly due to a ... More

`Voting right cap in banks turning off US investors'
US-based investors are not enthusiastic about investing in Indian private sector banks despite the Government hiking the foreign direct investment (FDI) cap from 49 per cent to 74 per cent because the foreign investor will not have any effective ... More

Despite resignations by top brass — Govt may go ahead with plan to put IDFC under SBI fold
THE resignations of the top brass of Infrastructure Development Finance Company (IDFC) is unlikely to dilute the Government's intention of handing over the company to the State Bank of India. According to sources close to the Finance Ministry, ... More

Bank credit up by Rs 8,163 cr
GROSS bank credit in the system has gone up by Rs 8,163 crore during the fortnight ended March 5, to touch Rs 8,19,128 crore. This is inclusive of food credit at Rs 35,858 crore and non-food credit at Rs 7,573 crore. Total accommodation ... More

Nabard may cut refinance rates for coop banks
THE National Bank for Agriculture and Rural Development (Nabard) is likely to reduce the rate of refinance for cooperative banks. The Chairperson of Nabard, Ms Ranjana Kumar, who was here to address the students of K.S. Hegde Institute of ... More

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Top Stories
Trading platform for small, mid-cap cos on the cards

`Raise educational standards to retain competitive edge'

Forex reserves increase by $464 million

Looking back
Mar. 14-Mar. 20
Forex reserves up $772 m

Pvt non-life insurance players fare better in April-January

Bond bulls have many reasons to cheer

Agencies active in buying fixed income papers of FIs

1,400 United India officers opt for VRS

Welcome moves on foreign banks

When outsourcing can be dicey

Banks move high coupon SLR bonds to HTM

`Chit funds stunted by stiff regulations'

Between devil and deep sea

Q3 bank lending rates in 6-16 pc range

The once-in never-out business of lockers

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