The Hindu Business Line : Sunday, April 10, 2005

Pension plan: Benefits of defined contribution
THE defined benefit pension scheme of the Government has been replaced with a defined contribution scheme for the new employees. The change is part of a series of steps taken by the Government over the past few years to ... More

FOREX

Forex reserves rise by $297 m
INDIA'S forex kitty saw a modest accretion of $297 million for the week ended April 1, taking the total reserves to $141.204 billion, as per the latest RBI statistics. In the previous week, reserves had declined by $1.223 billion to touch ... More

HOUSING FINANCE

GRUH Finance: Buy
AN investment in GRUH Finance stock can be considered. The stock trades at a multiple of seven times its expected per-share earnings for FY 05 and at a price to book value ratio of about 1.6. Considering its profit growth of 28 per cent in the ... More

PRIVATE BANKS

South Indian Bank opens 431st branch
SOUTH Indian Bank has opened its 431st branch in Nagpur. This is also the 236th branch offering `Anywhere Banking' solutions to customers. Presiding over the inauguration of the branch, Mr A. Sethumadhavan, Chairman, said the total business ... More

PUBLIC SECTOR BANKS

Allahabad Bank: Invest at Rs 82
AN INVESTMENT in the book-built public offer of Allahabad Bank can be considered at Rs 82. The bank is offering 10 crore shares in the price range of Rs 75-82. The offer closes on April 12. At Rs 82, the stock is ... More

FOREIGN BANKS

Saving while you spend
Citibank has come out with new offers aimed at saving you money and adding value. Called Suvidha, the scheme saves you up to 5 per cent every time you use the Indianoil Citibank, the Citibank Grocery, or Shopper's Stop Citibank ATM/Debit ... More

CREDIT MARKET

Bank credit up Rs 28,409 cr
BANK credit increased Rs 28,409 crore for the week ended March 25 to touch Rs 10,92,008 crore, according to the Reserve Bank of India's Weekly Statistical Supplement. This includes food credit, which increased Rs 418 crore to Rs 41,553 crore, ... More

CREDIT CARDS & DEBIT CARDS

Cash back on railway tickets
If you have a HSBC credit card, you can book train tickets online at www.irctc.com and get a `cash back' incentive of 2 per cent. There is also a bouquet of offers that include dining, lifestyle, gold credit card and `Home and Away' ... More

REGULATORY BODIES & RULINGS

Govt plans review of regulatory systems
THE Government plans to take a re-look at the issue of independent regulators which have been set up in those segments of the economy where both public and private sector companies operate. The review has been necessitated by the fact that, ... More

TRADE & LABOUR UNIONS

SBT union holds demonstrations
The State Bank of Travancore Staff Union has held protest demonstrations in front of all the zonal offices demanding suspension of the bank's core banking operations. The bank's transactions have been badly affected by glitches in the core ... More

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