Financial Daily from THE HINDU group of publications
Saturday, April 12, 2003
Forex Rates April 11 (4.30 p.m. IST)
1 PoundRs 74.33
1 EuroRs 50.82
1 USDRs 47.31
100 YenRs 39.37
1 Sing $Rs 26.61

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MONEY & BANKING

HOUSING FINANCE


SBI clocks 50 pc growth in housing loan portfolio — Outstanding at Rs 11,729 cr as on Feb
Maximum amounts were disbursed in Mumbai at Rs 560 crore, Rs 525 crore in Hyderabad, Rs 357 crore in Delhi and Rs 342 crore in Chennai. More

LIFE INSURANCE


ING Vysya unveils 3 new products
ING Vysya Life has launched three new endowment products called `Powering life - Limited payment endowment plan', `Creating life - Child protection plan' and `Reassuring life - Endowment plan with reversionary bonus'. "The products fit ... More

PRIVATE BANKS


More ICICI Bank branches in Gujarat
MUMBAI: ICICI Bank has received approval from the Reserve Bank of India to open eight new branches in Gujarat. According to a bank press release, the bank will be setting up these branches in the next couple of months. While two will be ... More

PUBLIC SECTOR BANKS


SBI plans to fund rural Net kiosks
IN a bid to bring the world to the doorstep of rural folk, the State Bank of India (SBI) has chalked out a mega plan to extend financial assistance to rural Internet kiosks. The bank proposes to finance at least 500 kiosks at 25 centres in each ... More

NON-PERFORMING ASSETS


IndusInd Bank shelves `NPA take-out' plan
INDUSIND Bank Ltd has shelved its plan to take out the non-performing assets (NPAs) of financial institutions and commercial banks through a separate entity for the time being, the Executive Vice-President, Mr N. Suresh Pai, said. IndusInd was ... More
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Top Stories
MAIT urges excise duty cut to boost PC sales


8 per cent growth target realisable, says India Inc — `Manufacturing, core sectors hold key'

VAT on sugar, textile, tobacco items — Centre urged to review need for additional excise duty

Govt to set up 30 seafood test labs to help exports

SBI clocks 50 pc growth in housing loan portfolio — Outstanding at Rs 11,729 cr as on Feb

In Focus
Run-up to Budget
Kelkar Report
Bottled water: How safe is it?
Telecom Competition
Oil PSUs: Disinvestment dilemma
Housing Fin. rate war: Bonanza for consumers!
NPAs in Banking
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collections
NRIs & Investment Avenues
Corporate Governance
Gold: Still the winner?
Cars: Always a beauty
Books and Reviews
Looking back
Mar. 30-Apr. 5
New RBI norms for listed banks' quarterly reports

`No matching response on interest rates'

Offshore staff help forex kitty boom

Weak dollar bloats forex reserves by 20 pc

Double whammy for bank employees


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