The Hindu Business Line : Sunday, August 29, 2004

INVESTMENTS
Banks told to pare exposures to G-secs
THE Finance Minister, Mr P. Chidambaram, has urged banks to pare their exposures to the Government-securities market and increase focus on lending to agriculture and industry. "Banks must find bankable projects to lend rather than keep their ... More

FOREX
Forex reserves down $430 m
THE country's forex reserves dipped by $430 million to touch $118.892 billion for the week ended August 20, as per the latest weekly statistical supplement of the Reserve Bank of India. Forex reserves stood at $119.322 billion in the previous ... More

FOREIGN BANKS
Corporate sponsorship: HSBC identifies education, environment
AS a part of its corporate social responsibility programme, Hongkong & Shanghai Banking Corporation Ltd (HSBC) has identified education and environment as the two sectors for corporate sponsorship. According to Mr Ramnath Krishnan, regional ... More

GOVT BONDS
T-bills auction on September 1
THE Reserve Bank of India has announced the auctions of 91-day and 364-day treasury bills on September 1. The 91-day T-bills will be issued for a notified amount of Rs 2,000 crore, of which Rs 500 crore will be auctioned under the regular ... More

MERGERS & ACQUISITIONS
To attain world-class status — Govt favours consolidation in banks: Chidambaram
THE Union Government is in favour of consolidation in the Indian banking industry and is of the view that it will enable banks to achieve `world-class' status, according to the Finance Minister, Mr P. Chidambaram. "Consolidation alone will give ... More

PEOPLE

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Cross Currency Rates

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Pick a Winner Stock Market Contest

Illegal copper scrap import hitting domestic producers

Looking back
Aug. 22-Aug. 28
Forex reserves dip by $14 million

S&P upgrades India currency rating outlook

Polaris, Indonesian bank settle row — Firm to pay $1 m; BAG to return software

A missed chance RBI could rue

Indian Bank net rises to Rs 118 cr in Q1

Bankers seek RBI help to tackle rising yields

RBI prescribes norms for loans against NRI deposits