The Hindu Business Line : Sunday, November 07, 2004

FOREX
Forex reserves up $562 m at $121 b
FOREX reserves of the country have swelled by $562 million to $121.178 billion for the week ended October 29, 2004 against accretion of nearly $1 billion in the past week. The reserves in the previous week aggregated to $120.616 ... More

GENERAL INSURANCE
IRDA working group to submit proposals — Norms soon for standalone health insurance cos
IN a development expected to bolster health insurance coverage in the country, the working group appointed by the Insurance Regulatory and Development Authority (IRDA) is set to submit its recommendations pertaining to the healthy functioning of ... More

RBI & OTHER CENTRAL BANKS
World Bank to double lending to $3 billion
WORLD Bank will double its lending in the country from $1.4 billion a year to $3 billion per annum from 2004-05, according to the Bank's Country Director, Mr Michael F. Carter. Delivering the C.C. Desai memorial lecture here on Friday, Mr ... More

PUBLIC SECTOR BANKS
Mid-size PSBs match pvt banks in loan growth
A COUPLE of mid-sized public sector banks have matched private banks in terms of loan growth in the first half of this fiscal. Banks such as Allahabad Bank, State Bank of Bikaner & Jaipur, Union Bank of India, Indian Overseas Bank and State ... More

INTEREST RATES
UCO Bank hikes deposit rates
UCO Bank has raised the interest rates on term deposits by 25 to 50 basis points for most maturity periods, according to a press release. While the interest rate on term deposits with maturities of seven to 14 days remains unchanged at 4 per ... More

Andhra Bank raises deposit rates
ANDHRA Bank has revised interest rates upward on domestic and NRE (non-resident external) term deposits. While the hike is between 50 and 100 basis points on domestic deposits, it will be 40 to 60 points on NRE deposits. The new rates will be ... More

Cross Currency Rates

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Forex reserves up $562 m at $121 b

Rail-link to southern tourist spots planned

Looking back
Oct. 31-Nov. 6
`Fuel price hike may cause hardening of rates'

`China may revalue yuan'

`Cos unaware of innovations in raising funds'

Banks likely to face asset, liability mismatch in H2