The Hindu Business Line : Sunday, July 13, 2003

Forex reserves rise $869 m on back of big FII inflows
STRONG foreign institutional investor (FII) inflows have helped augment the country's forex reserves by $869 million for the week ended July 4, 2003, compared to a dip of $215 million in the previous week. As per the latest tally, total ... More

STOCKS

Bank of India: A growth option
INVESTORS can consider exposures in the Bank of India stock at the price of Rs 49. At this price, the dividend yield on the stock is attractive at 6 per cent. The relatively high dividend yield indicates that the stock is undervalued relative ... More

LIFE INSURANCE

AMP Sanmar Nithya Shree
A WHOLE LIFE policy provides a financial legacy to the policyholder's dependents when he dies. This week, we will look at the features of a whole life policy from AMP Sanmar — Nithya ... More

GENERAL INSURANCE

Home safe home
MR DINESH Kumar, a senior executive with a leading MNC, is in a quandary. He has earned a well-deserved break, and wants to take off on a holiday with his wife and kids. But here is one fly in the ointment, as ... More

RBI & OTHER CENTRAL BANKS

FII hedging norms modified
THE Reserve Bank of India (RBI) has modified the conditions under which a foreign institutional investor (FII) can enter into a forward contract to hedge its exposure in India. The central bank has now amended its FEMA regulations on foreign ... More

NON-PERFORMING ASSETS

IDBI revokes OTS given to Hyderabad Flextech
FAILURE to meet the payment schedules as per the one-time settlement (OTS) scheme entered into with Industrial Development Bank of India (IDBI) has made Hyderabad Flextech Ltd (HFL to lose all the benefits of the OTS package. Earlier, with the ... More

CREDIT CARDS & DEBIT CARDS

PowerCard from IndusInd Bank

TRENDS

Bank credit up Rs 2,687 crore
BANK credit has gone up by Rs 2,687 crore to Rs 7,32,817 crore in the past fortnight, according to the figures released by the Reserve Bank of India. The previous data for June 13, 2003 released by RBI, showed a fall of Rs 524 crore in gross ... More

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