The Hindu Business Line : Sunday, March 28, 2004

FOREX
Forex reserves rise $402 m on dollar mop-up
THE foreign exchange reserves of the country increased by $402 million to touch $109.996 billion for the week ended March 19. In the previous week the accretion to the kitty had been $ 464 million. According to the latest weekly statistical ... More

INFORMATION TECHNOLOGY
Online fund transfer system comes into being
NEARLY 3,000 bank branches across 275 cities/towns in the country are ready to go live on the online fund transfer system, Real Time Gross Settlement (RTGS). This would mean that a bank customer would be able to transfer funds instantaneously ... More

PRIVATE BANKS
Gelli likely to take part in GTB rights issue
MR Ramesh Gelli, founder-promoter of Global Trust Bank (GTB), seems all set to partake of the proposed rights issue of the NPA-ridden bank. This is despite the SEBI's ban on his trading in the bank's scrip, which was recently extended to June ... More

Karnataka Bank plans expansion

EVENTS
`Banks need to be innovative in tracking cash flows'
BANKS and financial institutions need to find innovative ways of tracking cash flows, in order to finance the service sector, according to Dr Rakesh Mohan, Deputy Governor, Reserve Bank of India. Speaking at the M A Master Memorial lecture, ... More

IPOS
Greenshoe option to stabilise ICICI Bank's share price
THE greenshoe option of Rs 450 crore in ICICI Bank's public issue, will be used to stabilise its share price should it fall below issue price at the time of listing or later, according to investment bankers associated with the offer. Given the ... More

RIGHTS ISSUE

Nod for Centurion rights issue

Cross Currency Rates

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

Pick a Winner Stock Market Contest

Greenshoe option to stabilise ICICI Bank's share price

`MF industry must consolidate, have bigger, stronger players'

Looking back
Mar. 21-Mar. 27
Forex reserves increase by $464 million

Bonds get a boost from inflation figures

Vijaya Bank eyes NBFCs for acquisition

LIC covers 2 crore lives

GIC stops reinsurance of third-party motor risk

Market stabilisation scheme — RBI to issue bonds, T-bills for Rs 35,500 cr

IRDA restores 5 pc special discount, tags riders