The Hindu Business Line : Wednesday, September 10, 2003

Liquidity will force another repo cut
It will be an easier call for Dr Reddy. A good monsoon should tame prices. The budgetary situation is likely to improve with better tax revenues on the back of the strengthening economy and disinvestment. He will be comfortable cutting the repo by an other 25-50 basis points in one or two instalments. More

FOREX

Rupee firms up by 3 paise
MUMBAI: Trading volumes and interest were both down in the local currency markets on Tuesday, the day being the last day of the Ganesh immersion festival. The rupee closed 3 paise higher over the previous day at 45.80/81 on good dollar ... More

INSURANCE

Govt in talks to hike FDI cap on reinsurance
The proposal has been prompted by the fact that even after three years of the enactment of the Act, not a single private reinsurance venture has set up base in India due to the massive capital requirement which Indian promoters are unwilling or unabl e to put in. More

HOUSING FINANCE

Federal Bank repackages home loan
IN its bid to keep ahead of the competition, the Aluva-based Federal Bank has repackaged its housing loan product cutting its interest rates further and offering a bouquet of new and customer-friendly features. The bank has pegged its lowest ... More

LIFE INSURANCE

Allianz Bajaj announces maiden bonus
THE board of directors of Allianz Bajaj Life Insurance Company Ltd, a joint venture between Allianz AG of Germany and Bajaj Auto, has announced its maiden compounded reversionary bonus on the sum assured up to March 2002-03 in addition to a ... More

Tata AIG launches training academy
TATA AIG Life Insurance Company Ltd has launched a training academy for the employees of its corporate agencies, which will offer a Certified Insurance Consultant Programme (CICP). The first batch (to commence every quarter) is being launched ... More

PUBLIC SECTOR BANKS

SBI to be Basel-II compliant: Purwar
STATE Bank of India has committed itself to becoming a Basel-II compliant bank, the bank's Chairman, Mr A.K. Purwar, has said. Basel-II, or the New Basel Capital Accord, is a proposal of the Bank of International Settlements, which basically ... More

FINANCIAL INSTITUTIONS

REC to become a `zero Govt debt co' soon
RURAL Electrification Corporation (REC) proposes to repay Rs 2,200 crore of Government loans back to the Government, this year. With this, REC would be a "zero Government debt" company. REC also proposes to start funding power projects — ... More

GOVT BONDS

SIDBI cuts rate on capital gains bond

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