The Hindu Business Line : Sunday, November 16, 2003

Forward dollars and spot price
THE RBI's recent Monetary and Credit Policy review has urged companies to hedge their foreign currency borrowings. Why should companies hedge and how does hedging impact the spot market? Assume a company has to pay ... More

FOREX

Forex reserves rise $ 613 m
A REVALUATION in the Reserve Bank of India's basket of currencies has propped up the country's foreign exchange reserves by another $ 613 million for the week ended November 7, according to the latest RBI statistics. Forex reserves grew to $ ... More

STOCKS

Allahabad Bank: Buy
FRESH investments can be considered in Allahabad Bank. A substantial proportion of its loans had turned bad, affecting the bank's performance, but the situation has changed for the better. The NPAs (non-performing ... More

Chola Inv: Dividend yield pick BUY
The company has been benefiting from the boom in retail lending. This is reflected in the growth in earnings reported by the company in the last several quarters. Companies such as Cholamandalam Finance are also not completely devoid of ... More

LIFE INSURANCE

INSURANCE CORNER
LIC's New Anmol Jeevan
ON November 1, LIC launched New Anmol Jeevan, to replace its popular pure term assurance product, Anmol Jeevan. Let us examine the features of the new policy. Policy details Pure term ... More

MetLife aims to hike stake in domestic arm
MetLife is targeting 20 per cent annual growth in operating income from the Indian venture and 10 per cent increase in earnings. More

RBI & OTHER CENTRAL BANKS

World Bank may transfer `complex' jobs to Chennai
THE World Bank is exploring the possibility of moving some of its complex and sophisticated functions, including monthly valuation of bonds and derivatives, to its Chennai back-office centre from its headquarters in Washington, DC. The Bank's ... More

More freedom to set up project offices in India
WITH a view to liberalising and simplifying the procedures for establishment of project offices in India, the Reserve Bank of India today issued general permission to a foreign entity for setting up a project office in India subject to the ... More

PUBLIC SECTOR BANKS

Corpn Bank rated strongest in India; second in Asia
THE Singapore-based banking magazine, The Asian Banker, has ranked Corporation Bank as the second strongest bank in Asia and the strongest in India. A bank release said here on Friday that return on average assets and capital adequacy ... More

FINANCIAL INSTITUTIONS

IFC plans to increase investments to $1 billion
THE International Finance Corporation (IFC), the investment arm of the World Bank, plans to raise its investments in the country to $1 billion in the next two years, from around $700 million currently. According to Mr Daniel Crisafulli, ... More

INTEREST RATES

IBA okays single benchmark PLR
THE Indian Banks' Association has agreed to the RBI suggestion of having a single benchmark prime lending rate. Earlier the IBA had suggested that there be separate prime rates, one for working capital loans and another for term loans, but the ... More

CREDIT MARKET

Bank credit up Rs 8,798 crore
BANK credit has risen by Rs 8,798 crore for the fortnight ended October 31, to touch Rs 7,61,210 crore. This is inclusive of food credit, which increased by Rs 1,869 crore to Rs 36,020 crore and non-food credit which grew by Rs 6,929 crore to ... More

EVENTS

`Finance cos must focus on asset management'
THE exit of a large number of non-banking financial companies (NBFCs) is primarily because of their inability to convert the challenges into opportunities, and not able to change track fast. Speaking at the technical session on `Challenges and ... More

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