MONEY & BANKING
INSIGHT
Countdown to Credit Policy 2004-05: No shocker from RBI
IF THINGS go as scheduled, the Reserve Bank of India should unveil the annual Monetary and Credit Policy on Tuesday. It is somewhat surprising that, unlike in the past, observers, in general, and the markets, in particular, have not shown much ...
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INFORMATION TECHNOLOGY
Canara Bank's 34th ATM
THIRUVANANTHAPURAM: Canara Bank has opened its 34th ATM facility at Neyyattinkara in Thiruvananthapuram district. An official spokesman said here that the Mr G. Umesh Shenoy, General Manager, Circle Office, Canara Bank, inaugurated the ...
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DEBT MARKET
Caught in maelstrom of events, traders await Credit Policy
BONDS went into a tailspin as nervous traders, rattled by contradictory statements issued by various party heads of the Congress-led coalition, sold in a bid to cut losses. Traders said they were no longer certain on the sustainability of the ...
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Managing rate expectations, the Fed way
One should remember that interest rates are just not a simple reflection of economic condition, but also driven by expectations of the market players.
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PUBLIC SECTOR BANKS
United Bank fine-tunes credit delivery system
UNITED Bank of India, which aims to turn around by wiping out its accumulated losses and reducing NPAs to manageable levels by 2006, has unveiled a set of initiatives aimed at better interaction with borrowers. The bank, according to Mr Parkash ...
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INTEREST RATES
RBI may not cut Bank Rate
A LIMITING factor on RBI lowering the key indicative Bank Rate could be the sharp rise in crude prices to around $40 a barrel. Till now, the profit-making public sector oil companies have been coerced by New Delhi to hold prices and absorb the ...
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CO-OPERATIVES
Prudential Bank depositors urge AP CM to revive bank
HUNDREDS of depositors of Prudential Bank under the banner of Depositors' Association have met the new Chief Minister of Andhra Pradesh, Dr Y.S. Rajasekhara Reddy, here on Sunday and urged him to initiate measures towards early revival of the ...
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Cross Currency Rates
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