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Sunday, November 13, 2005
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MONEY & BANKING

STOCKS


Karur Vysya Bank: Buy
The stock is trading at eight times its earnings for the 12-month period ended September 2005 and at about 1.25 times its book value. Relative to size and past performance, the stock is not under-valued. With steady earnings growth, returns ... More

CONSUMER FINANCE


ICICI Bank's financing schemes
ICICI Bank is offering to fund fully the on-road cost of Maruti's small cars — M800, Alto and WagonR. Loans with a maximum tenure of seven years are available. The scheme also covers the Indigo. The bank is offering 20 gm of gold on ... More

RBI & OTHER CENTRAL BANKS


RBI appoints two new executive directors
THE Reserve Bank of India has appointed Mr Anand Sinha and Mr V.S. Das as Executive Directors with effect from November 11. A press release from RBI said Mr Sinha would be in charge of Department of Banking Operations and Development, ... More

RBI urges banks to support credit information bureau
RBI has asked banks to liaise more effectively with the Credit Information Bureau (India) Ltd (CIBIL), which has been formed to provide information on credit worthiness of borrowers. Ms Usha Thorat, Deputy Governor of RBI, urged bankers on ... More

INTEREST RATES


BoB cuts interest rates on SME loans
BANK of Baroda on Saturday announced reduction in interest rates on loans to small and medium industries. For fund-based limits of Rs 2 lakh but less than Rs 25 lakh for maturity up to one year, the bank has announced reduction by 200 basis ... More

NON-PERFORMING ASSETS


IDBI finalises roadmap for stressed assets fund closure
IDBI has finalised the roadmap for closing the Stressed Asset Stablisation Fund (SASF), to which stressed assets amounting to Rs 9,000 crore were initially transferred. A review meeting held two days ago has outlined a five-year timeframe for ... More

SHORT TERM INSTRUMENTS


Call rates go up on liquidity pressure
There were reports that the central bank sold dollars when the rupee breached the psychological level of 46. More



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In Focus

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In Depth

Gender Justice
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Looking back
Nov. 6-Nov. 12
Insurers keen on high coupons only

Differences over valuation — Federal Bank, Lord Krishna call off merger plan

India, Pakistan agree to open bank branches

Exporters revert to dollar invoices as euro weakens

Centre allows 49 pc FDI in ARCs — To help clean up bad assets in banks

Fall in currency assets pulls down forex reserves by $1 b


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