The Hindu Business Line : Thursday, March 20, 2003

Rupee loses 4 paise
Mumbai: THE rupee depreciated by four paise against the dollar on Wednesday as banks and corporates scurried to buy dollars with war fears looming large. Though the International Brent crude eased to $28.83 from Monday's levels of $30.25, ... More

INFORMATION TECHNOLOGY

HMA STARware unveils new process for banks
HMA STARware Ltd has launched its eDCI (enterprise delivery channel integration) to banks in the country. The eDCI enables streamlining of bank's multiple delivery channels such as ATM (automated teller machine) and POS (point of sales), ePurse ... More

STOCKS

Block deals in Corporation Bank
THE Corporation Bank stock today witnessed two block deals by which around 4 lakh shares changed hands on the Bombay Stock Exchange. Both the deals were struck at a price of Rs 129.50, lower than the previous closing price of Rs 129.70 on the ... More

NBFCS

The search for a vice-grip
G. D. Agrawal on the Bill-in-waiting that relates to financial companies More

GENERAL INSURANCE

Fears of imminent US attack on Iraq — Pvt insurers to face more solvency pressures
THE imminent second Gulf war is proving to be big trouble for private sector general insurance companies. Sources said here that the companies were already faced with severe solvency pressures with the possibility of mounting liabilities and ... More

Infrastructure Projects: `Grossly underinsured'
INFRASTRUCTURE projects in India are grossly underinsured, although there is a plethora of covers available, Mr P. Balakrishnan, Vice-President, ICICI Lombard General Insurance Company Ltd, said at the Suminfra 2003 conference here on ... More

PRIVATE BANKS

IDBI Bank upbeat on home loans
DESPITE its inability to infuse capital, private sector IDBI Bank — slated for merger with its parent IDBI — has achieved close to 400 per cent growth in its home loans portfolio in the last financial year. Total home loans ... More

PUBLIC SECTOR BANKS

SBI launches Plus schemes
THE State Bank of India has launched Plus schemes in the city aimed at providing loans to various sections of society without any hassles. Speaking after the formal launch of the schemes, Mr C. Sundarashyam, Chief General Manager, said that the ... More

Andhra Bank lends Rs 169 cr for SHGs
ANDHRA Bank is concentrating on extending finance to self-help groups of women in the State and has so far lent Rs 169 crore to 78,048 such groups with a total membership of 6 lakh women, Mr R. Balakrishnan, the Executive Director, has said. At ... More

CORPORATE BONDS

`Stable outlook' for Ballarpur Ind issue

CO-OPERATIVES

Vasavi Bank crisis — More co-op banks in AP heading for trouble
SIX more urban co-operative banks in Andhra Pradesh are heading for serious trouble. However, it is not due to the mismanagement of affairs by their boards that they are on the verge of collapse because the deposits they had collected from ... More

TRENDS

War threat boosts NRI remittances
AS the threat of war looms over the Gulf region, NRI remittances from there have gained momentum. "Though remittances were growing throughout the current year, there has been a marked upswing during the last three months when war became ... More

NEW PRODUCTS & SERVICES

Notes-worthy
GODREJ & BOYCE has introduced the bank note banding machine, `Q Band', designed for quick banding of currency notes in banks. It claims to provide a neat and elegant band, at high speeds. A microcomputer control and precise electromechanical ... More

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