The Hindu Business Line : Sunday, June 29, 2003

Forex reserves fall on $291-m transfer
THE country's foreign exchange reserves have come down by $301 million for the week ended June 20, 2003 mainly on account of the country's subscription to a finance scheme of the International Monetary Fund. According to the RBI, India has ... More

FINANCIAL PERFORMANCE

ICICI Bank reports loss, higher net worth under US norms
"The increased net worth is due to the mark up of ICICI Bank's assets on fair valuation, goodwill and capital gains from the sale of ICICI Bank shares.'' More

HOUSING FINANCE

Sundaram Home Finance: Dwell in it
THE fixed deposit programme of Sundaram Home Finance (SHFL) is open for investment. The interest rates on fixed deposits are higher than those offered by HDFC, the dominant player in the market, but lower than ... More

LIFE INSURANCE

ICICI Pru's SmartKid
INSURANCE plans for children are fast becoming popular, as they not only offer payouts that can be timed to coincide with certain milestones in the child's life, but also financial security if the parent dies. A ... More

Aviva launches `LifeShield'

GENERAL INSURANCE

Insuring a safe drive
YOU have just purchased a car that has recently been launched, and are understandably proud of your latest acquisition. After all, owning a car is a dream for most middle-class families. Driving around in a new ... More

United India unveils new medical insurance package
United India Insurance Co. Ltd unveiled a new medical insurance package, Unimedicare, on Saturday. Its salient feature is that it is priced significantly lower than the company's existing medical insurance policy. Company officials said that ... More

RBI & OTHER CENTRAL BANKS

India turns creditor to IMF — Finds place in financial transaction plan
INDIA, a traditional borrower from IMF, has now become a lender to the multilateral institution. India has contributed $291.70 million to the International Monetary Fund in two tranches in May and June. "India has now become a creditor the ... More

TRENDS

RIB holders may convert bonds into rupee deposits
THE Resurgent India Bonds (RIBs), expected to begin maturing from August onwards, are expected to be converted into rupee denominated deposits. Bankers said that the trigger for this conversion was initiated by the cut in the US Fed rate to ... More

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