The Hindu Business Line : Sunday, October 23, 2005

Board moots rating for financial planners
THE Financial Planning Standards Board (FPSB) India, faced with inconsistent regulations that focus on product manufacturers (read: mutual funds, insurance companies and the like) and not on the advisory process, is exploring the possibility of ... More

FOREX

Forex reserves rise by $82 m
THE country's forex reserves increased by a $82 million for the week ended October 14 to touch $143.435 billion, according to Reserve Bank of India's Weekly Statistical Supplement. In the earlier week, forex reserves were at $143.353 ... More

STOCKS

Crisil: Buy
Crisil's acquisitions are proving to be significantly accretive to earnings making the stock attractive from the valuation perspective. Crisil is into a number of businesses such as rating of debt instruments, infrastructure advisory, fund ... More

Yes Bank: Buy
FRESH investments in the Yes Bank stock can be considered. Since its listing in July 2005, the stock has appreciated by 43 per cent. The valuation is still attractive considering the growth prospects for a small bank ... More

FINANCIAL PERFORMANCE

Dewan Housing profit up 53 pc
MUMBAI: Dewan Housing Finance Ltd has recorded a 53.6 per cent increase in net profit for the second quarter ended September 30, 2005. Net profit for the quarter amounted to Rs 9.26 crore against Rs 6.03 crore recorded during the ... More

CONSUMER FINANCE

How to finance a car purchase
NEXT to a house, owning a car is probably uppermost on the wish list of most middle- and upper-class households. New cars are flooding the market, with variants to suit every segment. The auto boom has been catalysed by cheaper finance. ... More

RBI & OTHER CENTRAL BANKS

Cash deals above Rs 10 lakh to come under lens
RBI plans system for banks to report suspicious transactions
THE Reserve Bank of India is in the process of prescribing a system for banks to regularly report cash transactions above Rs 10 lakh or any other suspicious transactions to the Financial Intelligence Unit of India. Mr Anand Sinha, Chief ... More

RBI against gold imports as personal baggage
`It may become another source of money laundering'
CONSENSUS may be evolving among official circles on a fresh round of liberalisation of the gold import policy, but as a personal baggage it appears to be too heavy for the Reserve Bank of India to handle. According to official sources, the RBI ... More

SHORT TERM INSTRUMENTS

RBI to raise Rs 2,500 cr thru T-bills auction
THE Reserve Bank of India has proposed to raise Rs 2,500 crore through the auction of 91-day and 364-day Treasury Bills, under the Market Stabilisation Scheme, said an RBI press release. Of this Rs 1,500 crore would be raised through the ... More

REGULATORY BODIES & RULINGS

Govt plans steering panel to develop rural insurance
TO develop rural insurance, the Government has proposed the creation of a national-level steering committee with representatives of the Insurance Regulatory Development Authority, the National Commission for Women, banks, public and private ... More

CUSTOMER RELATIONSHIP MANAGEMENT

`Grievance redressal system soon for bank customers'
THE Union Government is planning to put in place a grievance redressal mechanism for the benefit of bank customers. In this regard, the Government will come out with a new ombudsman plan within the next 15 days. This was revealed by the Union ... More

PUBLIC OFFER

Banks account for bulk of equity market mobilisation
OVER the past decade, the banking segment has remained the single largest consumer of capital from the domestic markets. Out of every Rs 100 invested in capital offers, at least Rs 40 would have been invested in a bank. That is, barring ... More

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