The Hindu Business Line : Sunday, December 12, 2004

FOREX
Forex reserves vault by $3.79 b, touch $130.7 b
THE country's forex reserves soared by $3.794 billion for the week ended December 3, 2004, the highest accretion in a week seen in 2004, as per the latest RBI statistics. According to analysts, revaluation gains, notable foreign investment ... More

NBFCS
Shriram bets big on chit client base for insurance business
THE Chennai-based Shriram group, which expects to file an application for a life insurance licence early next year, hopes to cash-in on its 2.2-million large subscriber base of its chit funds business. The various State-wise chit-SPVs of the ... More

PUBLIC SECTOR BANKS
Canara Bank to expand global operations — Ties up with Russian bank
IN line with its vision to become a truly global player, Canara Bank has chalked out plans to spread operations to more countries. To begin with, the bank has entered into an understanding with Sberbank, the leading savings bank in Russia, for ... More

CREDIT MARKET
Gross bank credit up by Rs 10,792 cr
GROSS bank credit in the system has gone up by Rs 10,792 crore to touch Rs 10,06,309 crore for the fortnight ended November 26, according to the weekly statistical supplement of the Reserve Bank of India. This is inclusive of food credit which ... More

SHORT TERM INSTRUMENTS
91-day T-bills auction
RBI has announced the auction of Rs 2,000-crore 91-day Government of India treasury bills on December 15. Of this amount, Rs 500 crore will be auctioned under the regular auction calendar and Rs 1,500 crore under the Market Stabilisation ... More

Cross Currency Rates

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Chennai port holds decision to cut charges for Hyundai cars

French hotel steps in to lure Indian travellers

Kamal Nath sets merchandise export targets till 2008-09

Looking back
Dec. 5-Dec. 11
Volumes swell in CBLO market

KVIC deserved a better deal

NBFC stocks in limelight

ICICI Bank expects retail portfolio to grow 50 pc

SBI plans second overseas debt issue

Rupee may continue to gain for 3-4 months: PHDCCI survey