The Hindu Business Line : Sunday, October 17, 2004

FOREX
Forex reserves up $20 m
THE country's forex reserves continued the upward trend for the sixth consecutive week, albeit with a marginal accretion of $20 million to the forex kitty to $119.304 billion, for the week ended October 8, as per the latest RBI statistics. In ... More

INSURANCE
First Insurance kicks off operations
UNITED India Insurance's Chairman-cum-Managing Director, Mr V. Jagannathan, on Saturday formally kicked off First Insurance World Broking Services' operations. First Insurance is an insurance broker empanelled with 10 general insurance ... More

RBI & OTHER CENTRAL BANKS
ADB to hold AGM in Hyderabad in May 2006
THE Asian Development Bank (ADB) will hold its annual general body meeting in the city in May 2006. About 3,000 delegates from 70 countries will participate in the AGM, the second one to be held in the country. The first one was held in New ... More

CREDIT MARKET
Bank credit up Rs 16,655 cr
BANK credit for the fortnight ended October 1, 2004 surged by Rs 16,655 crore to Rs 9,35,905 crore. Food credit grew by Rs 449 crore to Rs 38,638 crore, while non-food credit witnessed a jump of Rs 16,206 crore as it moved to Rs 8,97,267 ... More

SHORT TERM INSTRUMENTS

91-day T-Bills auction

NEW PRODUCTS & SERVICES
IDBI Bank, NSDL launch online tax payment facility
IDBI Bank and National Securities Depository Ltd (NSDL) have tied up to launch an online direct tax payment facility, which will enable individuals and corporates to make tax payments over the Net. "Online tax payment will be of a great help to ... More

Cross Currency Rates

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Top Stories
Forex reserves up $20 m

Demand for Indian tobacco may rise

Cement consumption in South may pick up in second half

Looking back
Oct. 10-Oct. 16
9 States to join Centre's pension plan; Bengal says no

V.P. Singh backs IFCI merger with IDBI

Planning Commission controversy — Left misses historic chance!

Banks may take a hit of Rs 40 cr on CRR changes

Higher interest rates are here to stay

Bank credit up Rs 21,418 crore

Forex reserves rise by $515 m