The Hindu Business Line : Sunday, March 20, 2005

Forex surge continues; reserves top $ 140 b
SWEPT up by a torrent of dollar inflows and a revaluation in the RBI's currency basket, the country's foreign exchange reserves surged by $2.87 billion in a single week. India's forex kitty was augmented to an all-time high of $140.429 billion ... More

STOCKS

IDBI: Buy
FRESH investments can be considered in the stock of IDBI. After its conversion to a banking company, it is now poised to grow faster. The stock price has factored in the growth prospects to an extent, but not all the ... More

CREDIT MARKET

Bank credit up Rs 13,464 cr
GROSS bank credit increased by Rs 13,464 crore for the fortnight ended March 4 to touch Rs 10,69,673 crore, according to Reserve Bank of India's Weekly Statistical Supplement. This is inclusive of food credit, which declined by Rs 42 crore to ... More

FIXED DEPOSITS

CUB's gesture to senior citizens
City Union Bank: Senior citizens can consider investing in the short-term deposits of City Union Bank. The bank offers 6 per cent for deposits maturing in six months, 7 per cent for one-year deposits and 7.50 per cent for two- ... More

CO-OPERATIVES

Cooperative banks union to attend Vaidyanathan panel sitting under protest
THE National Cooperative Agriculture and Rural Development Banks Federation (NCARDBF) will not press the move to dissociate itself from the Vaidyanathan task force on the revival of cooperative credit structure. The federation will now be ... More

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