The Hindu Business Line : Thursday, September 23, 2004

INSIGHT
Credit Delivery: Lazy banking and structural problems
The growth in the economy the last decade has been facilitated by the non-bank finance sector and this has not been adequately recognised. Contrarily, it has been "Lazy Banking" in the organised sector. The proposed commission for the "unorganised" s ector, announced by the UPA Government recently, should focus on the issue of integrating the financial markets by everaging on the strengths of the informal sector, says R. Vaidyanathan. More

FOREX
Longs move up; rupee loses ground
MUMBAI: The bond market saw increased trading in longer tenor papers on Wednesday. As a result prices on these papers rose by 15 paise while benchmark papers declined, dealers said. The 10-year benchmark 7.37 per cent 2014 paper ended ... More

SOFTWARE

SunTec tool for ICICI Bank

HOUSING FINANCE
Flexi home loan products
TWO private sector banks announced launch of home loan products, with a combination of fixed and floating rates of interest. Kotak Mahindra Bank has launched `Kotak Flexi Home Loan' a product that offers interest rate adjustment every 3 years. ... More

LIFE INSURANCE
Aviva to move more jobs to India, Sri Lanka
AVIVA, the UK-based life insurer, on Wednesday said that it will extend its offshoring capability by creating around 760 jobs in India and around 190 jobs in Sri Lanka in 2005 to service its Norwich Union businesses in the UK. This builds on ... More

GENERAL INSURANCE
National Insurance may skid on motor risk claims
NATIONAL Insurance Company Ltd has reported a net profit of Rs 71 crore for the year ended 2003-04. But industry sources are raising questions about this number as in their view, the latest profitability figures do not reflect the true picture. ... More

DEBT MARKET
PSBs stay away from bond market
NATIONALISED banks, major investors in the bond market, have been staying away from investing and trading in Government securities for the past few weeks. According to market players, valuation of portfolios of these banks might suffer if they ... More

PUBLIC SECTOR BANKS
Bank of Baroda sees 10-15% drop in operating profits
BANK of Baroda is expected to report a 10-15 per cent drop in its operating profits in the current fiscal, on account of lower treasury profits, Mr P.S. Shenoy, Chairman and Managing Director, said today. This is despite an expected 18 per ... More

Indian Bank launches four loan schemes
The IB-Shanti Niketan offers finance to working women hostels/student hostels, run by Registered Trusts, NGOs, individuals owning property, registered firms, schools and colleges, HUFs, and individuals offering `paying guest' facility. Under ... More

SHORT TERM INSTRUMENTS

Cut-off set lower at T-Bill sale

CREDIT CARDS & DEBIT CARDS
BoB charts Rs 80-cr plan for cards arm
BANK of Baroda plans to hike the paid-up capital of its wholly owned card subsidiary BoBCards Ltd to Rs 100 crore, from its current level of Rs 20 crore, to finance the company's growth strategy in a competitive environment. "The BoB board is ... More