The Hindu Business Line : Saturday, October 04, 2003

`Rupee to rise steadily as dollar weakens'
THE Indian rupee is on a roll. It has appreciated 6.9 per cent since June 2002. It will appreciate further, according to a research report released by Standard Chartered Bank. "The rise will be steady and not dramatic. The last year has seen ... More

Rupee up 18 paise; at 38-month high
MUMBAI: On bunched dollar supplies the rupee jumped 18 paise higher to end the day at a 38-month high of Rs 45.3850/3950 against the dollar. The grim outlook for the dollar continues and the rupee is expected to continue on its path of ... More

INFORMATION TECHNOLOGY

Little credit to bank computerisation
Beyond setting deadlines, the RBI needs to look at the quality of computerisation and set standards. Banks must follow up by evaluating all problems on the ground and ironing out structural hiccups, says Jayanthi Iyengar, citing how the issue of Foreign Currency Remittance Certificate lays bare the inadequacy of computerisation. More

DEBT MARKET

State Govts to tap market on Oct 13
ALL State Governments excepting Punjab and Manipur will raise money from the market aggregating Rs 6,400 crore on October 13. The exact amount of the second tranche of their market borrowing programme, coupon rate and other details will be ... More

PRIVATE BANKS

Yes Bank set to take off by Nov — Financial closure within 10 days
According to Mr Kapoor, Yes Bank's focus would be on niche areas such as food and agri-business, life sciences, pharma and telecom, like that of RIF. More

PUBLIC SECTOR BANKS

Vijaya Bank to set up Rs 50-cr training centre
VIJAYA Bank will spend Rs 50 crore in creating training facilities ofr its employees. The bank has purchased 10.9 acres of land in Bangalore for the purpose. The facility would be an intelligent building with most modern classroom features, ... More

Vijaya Bank deposits at Rs 778 crore in Kerala
VIJAYA Bank is targeting a total business of Rs 45,000 crore as part of its programme, Vision 2005. With the opening of another 200 branches, the total branch network will increase to 1,000 by the year 2005. Of this, half the branches will be ... More

SBH steps in to boost rainwater harvesting
STATE Bank of Hyderabad (SBH) on Friday introduced `Varun Mithra', a `first-of-its-kind' scheme to promote rainwater harvesting, and `Fin Bowl', a scheme for small traders to improve their ambience and other infrastructural needs. "We have ... More

FINANCIAL INSTITUTIONS

APSFC cuts interest rate

INTEREST RATES

Interest burden declines more for mid-sized companiess
The effects of the steady decline in the interest rates have been sharply divergent for frontline companies (large and mid cap) in India Inc. Large companies have benefited from the decline in interest rates over the last five years. ... More

CREDIT CARDS & DEBIT CARDS

Syndicate Bank to launch credit card
SYNDICATE Bank, one of the smaller PSU banks in the country, plans to vault into the big league PSU bankers by nearly doubling its business in the next two years. The bank is also launching its own credit card later this month, apart from ... More

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