The Hindu Business Line : Sunday, May 02, 2004

ACCOUNTING STANDARDS
ICAI norms to govern leased assets of banks
LEASED assets of banks will now be governed by the Institute of Chartered Accountants of India (ICAI)'s standard on `impairment' of value under Accounting Standards (AS) 28. In addition to leased assets, a bank's fixed assets would also be ... More

FOREX
Foreign exchange reserves up $287 m
THE country's forex kitty was enhanced by $287 million to touch an all-time high of $117.879 billion for the week ended April 23, against total reserves of $117.592 billion in the previous week, as per the latest RBI statistics. The rise in ... More

CREDIT MARKET
Bank credit down Rs 2,215 cr
BANK credit has gone down by Rs 2,215 crore for the fortnight ended April 16, 2004. This was mainly led by a dip of Rs 3,568 crore in non-food credit and while food credit grew by Rs 1,353 crore. Gross bank credit in the system stood at Rs ... More

Cross Currency Rates

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