The Hindu Business Line : Thursday, May 03, 2007

FOREX
The myth of emerging market risk
Something like this is happening in India's forex balance sheet. Foreigners are getting 30 per cent on their investments while we are content with 5 per cent on US Treasury bills and bonds. India's stock market is in an extraordinary boom as ... More

Strong rupee may reduce imported radial prices by 5%
Imports rise to 45,000/month during March-April More

CREDIT POLICY
Governor-speak can add fizz to `considerable fuzziness'
The RBI's Credit Policy Statement has many an example of linguistic acrobatics though the Governor declares that `the importance of communication has received significant emphasis in the recent period' and that `the RBI has been reaching out to encom pass the widest sections of society through the spread of financial education.' The RBI's Credit Policy Statement has many an example of linguistic acrobatics More

FINANCIAL PERFORMANCE
Canara Bank full-year profit rises 6%
Recommends 70% dividend; gross income up at Rs 12,815 cr More

CONSUMER FINANCE
AIG entering into consumer finance
Plans to offer credit card, home, auto loan products More

FINANCIAL POLICY
RBI raises priority sector home loan cap
Now, housing loans up to Rs 20 lakh and education loan up to Rs 10 lakh for domestic education and up to Rs 20 lakh for overseas education will be treated as priority sector advances. Earlier housing loans of Rs 15 lakh qualified as priority ... More

RBI & OTHER CENTRAL BANKS
RBI directive on VC funds
Indian venture capital funds can now invest in equity and equity-linked instruments of offshore venture capital undertakings, subject to an overall limit of $500 million. "Domestic venture capital funds registered with SEBI, ... More

PUBLIC SECTOR BANKS
APPRAISAL-1
Public sector banks post 33% growth in profits
Public sector banks have posted a 33 per cent growth in profits in fiscal 2006-07. Twenty-two public sector banks, including IDBI, have reported profits of about Rs 11,539 crore in a year marked by robust economic growth and resultant loan ... More

Andhra Bank raises NRE rates
Andhra Bank has revised interest rates on Non-Resident External (NRE) term deposits with effect from May 1. On the deposits for one year and above but less than two years, the interest has been revised to 5.30 per cent from 5.22 ... More

FINANCIAL INSTITUTIONS
Tata Power gets $79.3-m ADB loan
Manila-based Asia Development Bank (ADB) on Wednesday said it had approved a $79.3 million loan to Tata Power Company for setting up and operating wind energy projects. The loan will support Tata Power in setting up and running ... More

CREDIT MARKET
Demand for education loans on the rise in AP
High remuneration packages for graduates from reputed institutes are driving middle class to access higher education through education loans More

Micro, small sector may get more aid
The Government has proposed to increase the financial assistance to existing clusters of micro, small and medium enterprises (MSMEs) up to 80 per cent of their financial requirements. This has been provided for under the Eleventh Plan. While ... More

FIXED DEPOSITS
Small savings go out of favour on low rates
Bank deposits are the flavour of the season More