The Hindu Business Line : Sunday, June 22, 2003

Forex reserves up $749 m on FII inflows
RENEWED FII interest in the equity markets has not only given a boost to the local bourses but has also expanded the country's forex kitty by $749 million. As per the latest RBI statistics, the total reserves have gone up to $82.421 billion ... More

STOCKS

State Bank of India: Pare exposures
SHAREHOLDERS of State Bank of India (SBI) can contemplate booking profits partially. The stock's valuation now factors in successive years of ever higher dividends and modest growth in earnings, but not the ... More

FINANCIAL PERFORMANCE

Srei dividend

NBFCS

Lakshmi General Finance: For a short ride
THE fixed deposit programme of Lakshmi General Finance (LGF), a group entity of Sundaram Finance, is open. The interest rate is lower than that offered by such auto finance companies as Ashok Leyland Finance. ... More

HOUSING FINANCE

Floating rate loans: You are locked into it
A NEW house, a floating rate loan and soft interest rates... This happy picture can become chimerical if the interest rate rises. As housing loans are usually for at least 15 years, any interest rate rise ... More

Housing loan as a put option
DO YOU know that your mortgage loan can be used as a put option on the property? Consider this: You have borrowed Rs 11 lakh and purchased a house for Rs 15 lakh. Your primary collateral will be the property ... More

LIFE INSURANCE

MetLife India's MetLife Sukh
METLIFE India's `MetLife Sukh' — a simple money back policy with no frills attached — is targeted at the 15-55 age group. This policy is different, as it pays a guaranteed return over and above the ... More

RBI & OTHER CENTRAL BANKS

Forex norm for DTA units extended
UNITS in domestic tariff areas (DTAs) can now purchase foreign exchange from authorised dealers to pay for the goods supplied to them by the units in special economic zones (SEZs). The Reserve Bank of India (RBI) has issued a circular to this ... More

PRIVATE BANKS

SEBI reconfirms ban on GTB promoters
IN yet another blow to the promoters of Global Trust Bank (GTB), the Securities and Exchange Board of India has refused to accept the arguments offered by them on their innocence in market manipulation. Accordingly, the regulator has reconfirmed ... More

PUBLIC SECTOR BANKS

PSBs donning the marketing gear
ON the morning of March 13 last, Canara Bank's retail marketing team received an urgent request. About 30 employees of an auto-ancillary unit in Chennai wanted disbursement of their housing loans the same day in order to complete registrations ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line