The Hindu Business Line : Sunday, August 08, 2004

FOREX
Forex reserves dip by over $1.25 b
THE country's foreign exchange reserves dropped by over $1 billion for the second consecutive week. Reserves declined by $1.256 billion for the week ended July 30, to touch $118.319 billion against $119.575 billion the previous week when it ... More

CREDIT MARKET
Bank credit dips by Rs 967 cr
BANK credit declined by Rs 967 crore for the fortnight ended July 23 to touch Rs 8,83,279 crore, against Rs 882,312 crore for the fortnight ended July 9. The food credit declined by Rs 896 crore to touch Rs 42,561 crore compared with a rise of ... More

FIXED DEPOSITS
SBI cuts rates on short-term deposits
EVEN as the inflation rate inched up to 7.51 per cent, the country's biggest bank, State Bank of India has trimmed interest rates on its short-term domestic term deposits by 25 basis points, effective August 9. Although the bank has not given a ... More

MERGERS & ACQUISITIONS
GTB shareholders hope for compensation
WITH Saturday being the last day for submitting suggestions and objections to the proposed merger of Global Trust Bank (GTB) with Oriental Bank of Commerce (OBC), a number of GTB shareholders across the country have urged the Reserve Bank of ... More

REGULATORY BODIES & RULINGS
IRDA against 'super regulator'
The three financial regulators - RBI, SEBI and IRDA - manage the gap and overlap issues through a high-level co-ordination committee. More

Cross Currency Rates

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Looking back
Aug. 1-Aug. 7
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