The Hindu Business Line : Saturday, May 25, 2002

Accounting standards: Listed banks allowed to follow RBI norms
LISTED banks have been permitted by SEBI to follow the RBI guidelines on new accounting standards, including that of segment reporting. The Securities and Exchange Board of India has said that Reserve Bank of India will issue the requisite ... More

FOREX

Re gains 7 paise; gilts buoyant
Mumbai: THE rupee on Friday gained around seven paise to end stronger at 48.9850/9950 to a dollar, as compared to its previous close of 49.0550/0650. Dealers said there were dollar sales from several corporates and banks which did not want to ... More

MANPOWER

SBI may announce second VRS
STATE Bank of India (SBI) may go in for a second voluntary retirement scheme (VRS) with the implementation of new technology initiatives over the next three years, Mr Y. Radhakrishnan, SBI Managing Director, said on Friday. Mr Radhakrishnan ... More

HOUSING FINANCE

LIC Housing net up 21%
LIC Housing Finance Ltd (LICHFL) on Friday reported a 21.51 per cent rise in net profit for 2001-2002, to Rs 147.66 crore as against the previous corresponding Rs 121.52 crore. The company's board has declared a dividend of 50 per cent. ... More

ICICI HFC inaugurates Kochi branch
ICICI Home Finance Company (HFC) has inaugurated its branch at M.G. Road in the city. The branch was inaugurated by the Ernakulam District Collector, Mr Gyanesh Kumar. Speaking on the occasion, the Chief Operating Officer of the company said ... More

LIFE INSURANCE

South Indian Bank ties up with ICICI Pru Life

HUMAN RESOURCES

Coffers in safe hands
Looking after finances is second nature to women. With more private players entering the banking and insurance sectors, more and more women are taking up finance-related jobs. More

PRIVATE BANKS

Vysya Bank extends ATM reach

PUBLIC SECTOR BANKS

United Bank net zooms
UNITED Bank of India (UBI) has posted a profit of Rs 129 crore in 2001-02, against Rs 19 crore in the previous year, registering more than 600 per cent growth. Mr Madhukar, Chairman and Managing Director, soon after he took over last year, had ... More

Indian Bank sets business target at Rs 5,000 cr
ENCOURAGED by the Rs 33.22-crore net profit for the year ended March 31, 2002 - its first in six years - Ms Ranjana Kumar, Chairman and Managing Director, Indian Bank, is targeting a Rs 5,000-crore business for the bank in the current ... More

INTERVIEW

`Cross-selling is ICICI Bank's real mantra'
RETAIL banking is going through a metamorphosis ICICI Bank has set its dreams on the retail segment this year. `Cross-sell is the real mantra', says Mr Amitabh Chaturvedi, Head - Retail Liabilities and Channel. The following are the excerpts ... More

`Trained planners will dominate financial advisory services'
THE International College of Financial Planning has been set up recently to educate prospective financial planners. Students who graduate from it will be allowed to use the CFP mark, a designation for financial planning professionals. "The ... More

CO-OPERATIVES

AP: Co-op credit system to be overhauled
THE Andhra Pradesh Government is in the process of finalising a long-term strategy and institutional framework to restructure the co-operative credit system, which aims at reducing costs, improving efficiency while bringing in transparency in its ... More

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