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Sunday, May 25, 2003

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MONEY & BANKING

FOREX


NRI remittances push forex reserves up $666 m
ON the back of NRI remittances and the appreciation in the basket of currencies held by the Reserve Bank, the forex reserves of the country have risen by $666 million to touch $79.225 billion for the week ended May 16. In the previous week, the ... More

STOCKS


Oriental Bank of Commerce: Pare exposures
SHAREHOLDERS of Oriental Bank of Commerce can consider reducing exposures to the stock. The present valuation appears to depend on a sharp jump in dividends in 2003-04 on the back of a proposal to return capital ... More

DEBT MARKET


Huge inflows swamp debt market
MULTI-billion dollar inflows are uncommon even to the equity markets in India. Yet, that is what seems to be happening in the debt markets. Investment inflows of more than Rs 10,000 crore appear to have found ... More

FINANCIAL INSTITUTIONS


Four state finance corporations owe Rs 600 cr to SIDBI
ABOUT four state finance corporations (SFCs) together owe Rs 600 crore to the Small Industries Development Bank of India (SIDBI). This amount has turned into NPAs in the books of the development financial institution. Latest defaulters to SIDBI ... More

NON-PERFORMING ASSETS


Spare `unwilful' defaulters: India Inc
`DISCLOSURE' continues to be a dreadful word for India Inc, whether it be in respect of reporting of financial activities to shareholders and stakeholders or for that matter the publishing of names of defaulter-borrowers. A section of India ... More

RBI extends deadline for OTS scheme for chronic NPAs
THE Reserve Bank of India has extended the time limit for receipt of applications under the one-time settlement (OTS) scheme for chronic NPAs, to September 30,2003 from April 30, 2003, following requests from several banks. The time period for ... More

CREDIT CARDS & DEBIT CARDS


Balance transfer facilities: Saving on your credit card bills
DO you often overshoot the free credit period for purchases made through your credit card, and end up paying an exorbitant interest for your impulsive purchases? If yes, then there is a way out. You can reduce the interest burden by ... More
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Top Stories
ITC: Eyeing big FMCG pie, acquisitions


Shahrukh Khan back with the Santro Xing

IOC public issue unlikely in near future

NRI remittances push forex reserves up $666 m

`Consumer interest to be kept in mind on CAS'

Love or hate it, can't ignore it

Chennai Petro Q4 net trebles; to pay 35 pc

In Focus
SARS scare
The Cable tangle
Indo-Pak Monitor
Indo-China Relations
Telecom Competition
Oil PSUs: Disinvestment dilemma
NPAs in Banking
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collection
NRIs & Investment Avenues
Corporate Governance
Gold: Still the winner?
Cars: Always a beauty
Books and Reviews
Looking back
May. 18-May. 24
Farmers switching over to low interest loans — Rural banks fail to pass benefit of falling rates

Banks provide for NPAs with Treasury profits

RBI okays direct investment in overseas listed cos

Fair practices code ticklish for banks

Jt. Secy appointments to Finance Ministry cleared — GC Chaturvedi to take over from Ajit Sharan

Time to review FCI funding norms

LIC entry may change card business rules

Andhra Bank kicks off campus hiring

IOB plans second public issue in Sept

Bank of Maharashtra prefers compromise deals on NPAs

Banks told to take over currency chests


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