The Hindu Business Line : Sunday, April 11, 2004

ANNOUNCEMENTS
Banks told to declare April 14 as holiday
THE Government has, in a recent notification, informed the banking sector to declare April 14 as a holiday under Section 25 of the Negotiable Instruments Act, 1881, on account of Dr B.R. Ambedkar's birthday. According to bankers, April 14 was ... More

FOREX
Forex reserves rise $1 b, top $112-billion mark
STRONG dollar flows, especially on March 31, from portfolio investors added another billion dollars to the burgeoning foreign exchange kitty of the Reserve Bank of India during the week ended April 2. A merchant banker said some foreign ... More

NON-PERFORMING ASSETS
E&Y report sees NPA resolutions worth $3-5 b
HERE'S some more heartening news for banks and financial institutions (FIs), which have been burdened over the years with huge non-performing loans (NPL) or assets (NPA). Coming close on the heels of the Supreme Court judgment giving banks the ... More

CREDIT MARKET
Bank credit up at Rs 22,344 cr
OVERALL bank credit grew by Rs 22,344 crore during the week up to March 26, the Reserve Bank of India said in its Weekly Statistical Supplement. In comparison, gross bank credit had risen by Rs 16,253 crore during the fortnight ended March 19. ... More

TRADE & LABOUR UNIONS
AP bank union plea
THE Andhra Pradesh Bank Employees' Federation, affiliated to All-India Bank Employees' Association (AIBEA), has given a call to bank employees and their families not to vote for the BJP and the TDP in the coming elections, ``as both the parties ... More

Cross Currency Rates

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Top Stories
Bank credit up at Rs 22,344 cr

Tale of two interpretations in WTO panel ruling

Steel cos cautiously upbeat on NDA agenda

Looking back
Apr. 4-Apr. 10
Further softening of interest rates likely

IBA may seek 50 basis point cut in SB account rate

NRIs prefer savings a/c to bank deposits

Tougher norms to check breach of tariffs

Bankers upbeat about better asset recovery