The rupee story: a winner all the way
Mumbai: "We have no set limit for the rupee to appreciate." This is the message that the Reserve Bank of India has been sending whenever the question is asked about an appreciating rupee.
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Micro-finance gets a leg-up from Sa-Dhan
New Delhi: The apex federation of micro-finance institutions in the country, Sa-Dhan has drawn up an action plan to enhance the flow of funds to 250 million poor below the poverty, who do not have access to formal banking  institutions.
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UTI approaches SEBI to reset returns for assured schemes
New Delhi: Unit Trust of India has informed the Government that it has moved the Securities and Exchange Board of India (SEBI) to re-set the returns in several of its Monthly Income Plan (MIP) schemes, in which both the principal and the annual dividends are assured.
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PSU insurers turn active treasury players on underwriting losses
New Delhi: The four public sector insurance companies have decided to desist from purchases of equities and debt securities that they have already sold. Sources said here that the decision was not permanent.
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Bank of Tokyo officers accept package
Kolkata: As many as 16 out of a total 19 officers of the closed branch of Bank of Tokyo-Mitsubishi in the city have accepted the compensation package offered by the bank management.
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RBI Annual Report for 2001-02 - Creditable financial management
Mumbai: The RBI's Annual Report for 2001-02 tells a credible and creditable story of an economy well-managed, both on the domestic and external fronts, with reasonable price stability and a rate of growth that exceeds that of many other similarly placed countries.
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SBI's credit pick-up at Rs 3,000 cr
State Bank of India has registered Rs 3,000-crore pick-up in credit in the first five months of the current fiscal, according to the Chairman, Mr Janki Ballabh.
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SBI aims to increase farm credit
Kochi: State Bank of India plans to increase its share in the agricultural lending (AGL) market in Kerala from 10.3 per cent during the current fiscal.
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Traders shy away from State Govt papers
Mumbai: Interest in State Government securities appears to have completely vanished with spreads for most of them rising to as high as 600 basis points over sovereign yields.
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Asset recast co alone will not do to resolve NPAs, says IMF
New Delhi: The International Monetary Fund (IMF) has described it as "nave" to expect that the setting up of the asset reconstruction company (ARC) alone would be the "panacea" for the resolution of the non-performing asset (NPA) problem of the Indian banking system, even as "the ARC provides a  potentially useful tool to facilitate bank and corporate restructuring".
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