MONEY & BANKING
FOREX
Forex reserves rise by $515 m
THE country's forex kitty was fortified for the fifth consecutive week to touch $119.284 billion, as reserves rose by $515 million for the week ended October 1, as per the latest RBI statistics. In the previous week, the forex reserves were at ...
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GENERAL INSURANCE
National Insurance sorts out Reliance Info accounting issue
NATIONAL Insurance Company (NIC) has been provided some relief in the way its 2003-04 accounts treated claims that came from its insurance of Reliance Infocomm's business. Mr H.S. Wadhwa, NIC's Chairman-cum-Managing Director, said some ...
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FINANCIAL MARKETS
Markets nervous over `cocktail of concerns'
GROWING nervousness in financial and commodity markets amid a "cocktail of concerns" has, this week, triggered pessimism all round - with a depressing effect on the stocks markets on both sides of the Atlantic. In the background, there is ...
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PRIVATE BANKS
A.K. Doda to head SASF
MUMBAI: The Government has appointed Mr A.K. Doda, Executive Director, Industrial Development Bank of India, as the Executive Trustee of the Stressed Assets Stabilisation Fund (SASF). A source at IDBI confirmed that the Government order ...
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PUBLIC SECTOR BANKS
Shyamala Gopinath on SBI board
CREDIT MARKET
Bank credit up Rs 21,418 crore
GROSS bank credit in the banking system surged by Rs 21,418 crore during the month of September. As on September 24, 2004, the total outstanding gross bank credit in the system was at Rs 9,29,727 crore, as per the Reserve Bank of India ...
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SHORT TERM INSTRUMENTS
T-bills auction on Tuesday
THE Government of India will auction 91-day and 364-day treasury bills worth Rs 2,000 crore each on October 12, said a RBI release. In case of the 91-day t-bills, Rs 1,500 crore of the notified amount will form part of the Market Stabilisation ...
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TRADE & LABOUR UNIONS
SBI unions call for strike on Nov 5
THE employees and officers of State Bank of India (SBI) and its associates all over the country will observe a day's token strike on November 5, in response to the call given jointly by the SBI Staff Association and SBI Officers' Association. The ...
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Cross Currency Rates
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