The Hindu Business Line : Wednesday, January 01, 2003

Forex reserves bloat but `quality' a worry
There is also a school of thought in the banking community that believes the rise in reserves could be stifled "if there were to be an upswing in the global economy and a subsequent hardening in global interest rates." More

Re weaker; bonds up
Mumbai: THE rupee closed weaker at 47.9700/9750 against the dollar on Tuesday as against the previous close of 47.9350/9450 in the forex market. The State-run banks were seen mopping up dollar liquidity in the market very aggressively, which ... More

DEBT MARKET

Bonds: Rational exuberance?
INDIAN bond yields touched record lows in yesterday's (Monday, December 30) trading in the markets. The returns on the ten-year benchmark gilt dipped to 6.08 per cent. The last four trading sessions have seen yields fall by no less than 27 basis ... More

RBI & OTHER CENTRAL BANKS

Current account surplus for fourth consecutive quarter
INDIA has reported a current account surplus for the fourth consecutive quarter, with the surplus at Rs 6,520 crore for the quarter July to September 2002, and at Rs 8,112 crore for the half-year ended September 2002, according to RBI figures ... More

PRIVATE BANKS

GTB promoters restrained from buying shares
THE Securities and Exchange Board of India (SEBI) today restrained promoters and group entities of the Hyderabad-based Global Trust Bank, entities associated with stockbroker Ketan Parekh and some other brokers from buying, selling or dealing in ... More

Global Trust Bank seminar

CORPORATE BONDS

SIDBI lowers rates on capital gains bonds

FIXED DEPOSITS

Corporation Bank revises deposit rates
CORPORATION Bank has revised the rate of interest on domestic and NRE term deposits from January 1. For the maturity band between 7 days and 14 days the rate of interest will henceforth be 4 per cent while for a period of 15 days to 29 days it ... More

Syndicate Bank's new deposit scheme
SYNDICATE Bank has launched the resident foreign currency (domestic) deposits scheme, for its resident Indian customers. As per the scheme, resident Indians can now open accounts in dollars, pounds and euro and credit the proceeds of foreign ... More

TRENDS

Giving credit where it's due - to self-help groups
RURAL credit is seeing some significant innovations with the poor being assigned a bankable, breathing entity. They have no collaterals and the SHG-Linkage Programme is not demanding any. It can be termed a clone of the Grameen Bank experiment ... More

Govt schemes bane of banks
WHILE bankers generally boast about surpassing targets under government-sponsored schemes, they prefer to remain silent on the recovery aspect. It is no secret though, recoveries have been rather poor particularly under schemes sponsored by the ... More

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