The Hindu Business Line : Sunday, May 30, 2004

FOREX
Forex reserves drop $56 m after 4-month surge
FOR the first time in four months, the foreign exchange reserves of the country have registered a fall, albeit marginal. The forex reserves fell by $56 million to $118.572 billion for the week ended May 21, with the FIIs' exit from the bourses ... More

FINANCIAL PERFORMANCE
Karnataka Bank net up at Rs 133 cr
KARNATAKA Bank Ltd has declared a net profit of Rs 133.17 crore for 2003-04 as against Rs 110.12 crore for 2002-03. The operating profit of the bank for the year has gone up by Rs 76.42 crore from Rs 253.37 crore to Rs 329.79 crore. The ... More

FINANCIAL INSTITUTIONS
Working group moots RBI divesting stakes in DFIs
SHOULD the Reserve Bank of India continue to hold majority stake in NABARD and National Housing Bank (NHB)? No, says the report of the Working Group on Development Finance Institutions (DFIs), which was released here on Saturday. In a ... More

REGULATORY BODIES & RULINGS
RBI's new rules do not inhibit bank dividends
ON April 27, the first day of trading after the RBI notified its rules governing dividend declaration, Bankex, the free-float banking sector index, dropped 3.8 per cent. The index lost more than that of the market as the interpretation then was ... More

Cross Currency Rates

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