The Hindu Business Line : Wednesday, February 06, 2002

Supply-side stimulus fails to trigger economic take-off
THE supply-siders are throwing in the towel. Recently, one of their leading lights, the former Finance Minister, Mr P. Chidambaram, declared that the low rate of inflation was nothing to be happy about, as it was reflective of the weak demand and ... More

FOREX

Rupee weakens further; securities decline
MUMBAI: THE rupee continued its downtrend closing on Tuesday at a new low of 48.6450/6550 per dollar, weaker by around two paise, against the previous close of 48.63 in a choppy forex market. The rupee opened the day with a wide quote at ... More

AGRICULTURAL INSTITUTIONS

AP credit potential

RBI & OTHER CENTRAL BANKS

ADB opens mission office in Delhi
THE Asian Development Bank (ADB) on Tuesday renewed its long-term partnership and commitment to India with the opening of its new resident mission office here, which is the first office building owned by the ADB outside its headquarters in ... More

PRIVATE BANKS

Moody's to review ICICI Bank obligations
MOODY's Investor Service would review the foreign currency obligations of post-merger ICICI Bank, the President and Chief Executive Officer of Moody's Corporation, Mr John Rutherfurd Jr., said on Tuesday. He said the rating agency would ... More

IndusInd scouts for assets to expand base
INDUSIND Bank is looking at acquiring quality assets from other institutions and banks to increase its asset base. The Managing Director, Mr Bhaskar Ghose, told presspersons that the private sector bank had tied up sizable assets from other ... More

MERGERS & ACQUISITIONS

Sahara cos to buy controlling stake in Livewell Home Fin
IN a move that would enable the Sahara India group to gain a foothold in South India, three of the finance companies belonging to the Sahara group have entered into an agreement with the promoters of Livewell Home Finance Ltd (LHFL), a ... More

REGULATORY BODIES & RULINGS

Regulatory norms mooted for credit bureau
THE Credit Information Bureau of India Ltd (CIBIL) is expected to perform the Reserve Bank of India's role of collection and dissemination of information on suit-filed accounts with effect from April 1. This is one of the recommendations made ... More

PERFORMANCE

Why the surge in provisioning?
AS the third-quarter results of various banks come out, one trend is distinctly evident — the huge increase in `provisions and contingencies'. Some bankers blame it on the `economic environment,' some others say it reflects a propensity ... More

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In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 27-Feb. 2
Private players set to enter domestic money transfer

Develop bond market to cut forex risk: BIS

Letter of credit: A scam in the making?

SBI `relief package' for slowdown-hit units

3 options for insurance development officers

Re loses 12 paise

Treasury operations sparkle for banks

SBI net goes up three-fold in Q3