The Hindu Business Line : Sunday, August 15, 2004

FOREX
Forex reserves rise by $1 b
AFTER showing a massive dip for the previous two weeks, the country's forex reserves showed a notable accretion of $1.017 billion for the week ended August 6, as per the latest RBI statistics. During the previous two weeks the decline in ... More

NBFCS
DCA to crack down on errant promoters, directors of NBFCs — Plans 'full-fledged inspection' of books
The Department is now taking careful steps to fix the promoters and directors of those NBFCs that failed to comply with the repayment schedules ordered by the Company Law Boards of different regions. More

CREDIT MARKET
No snags in Govt borrowing programme: RBI
THE Reserve Bank of India does not anticipate any difficulty in the Government-borrowing programme as liquidity position is expected to be comfortable, the RBI Deputy Governor, Dr Rakesh Mohan, told journalists on the sidelines of the 3rd Annual ... More

MERGERS & ACQUISITIONS
GTB is history; Oriental Bank takes charge of operations
THE Global Trust Bank (GTB) branches across the country have started functioning as branches of Oriental Bank of Commerce (OCB) from today. The Government of India on Friday sanctioned the scheme for amalgamation of the GTB with OCB that came ... More

`GTB staff to be retained at same salary for 3 years'
EMPLOYEES of the erstwhile Global Trust Bank (GTB) will be retained by the Oriental Bank of Commerce (OCB) at their existing salaries for the next three years but will receive no increments during this period, according to sources. On Saturday, ... More

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Looking back
Aug. 8-Aug. 14
Forex reserves dip by over $1.25 b

A product to trade views on inflation

Crude boils over

GTB full year net loss widens to Rs 812 cr

PFC plans floating rate for future loans

GTB scrip manipulation — SEBI probe to focus on old suspects

Plastic money boosts retail spend

BHW Birla offers home loans at 7 per cent

Bank TUs for limited transfers; strike plan stands

Rising interest rates may not hit debt-swap scheme