The Hindu Business Line : Wednesday, July 23, 2003

More banks cut crop loan rates
ANDHRA Bank has lowered interest rates by 1.5 per cent on agriculture crop production loans with effect from July 1. These loans up to Rs 50,000 will bear an interest rate of 9 per cent only, according to a bank release here Tuesday. The ... More

PENSION PLANS

Look before you jump for Varishtha pension plan
THOSE of you senior citizens planning to avail of the newly launched Varishtha Pension Bima Yojana, be advised to do a proper homework on your future financial needs before taking the plunge because there might not be a second chance to rectify ... More

FOREX

RBI debating options on rising rupee
BETWEEN rupee appreciation and trade liberalisation, the Reserve Bank of India could well be in favour of lowering import duties, going by the talk on Mint Street. The rise in rupee against the dollar on the back of strong inflows into the ... More

Rupee gains 8 paise
Mumbai: The rupee regained 8 paise on a single day on good dollar supplies in the currency markets on Tuesday. The rupee ended the day at 46.1950/2050 against the dollar as compared to Monday's close of 46.2725/2825. The rupee is back at ... More

SOFTWARE

Wipro bags Oriental Bank order

PUBLIC SECTOR BANKS

New SBT rates on NRE deposits
THIRUVANANTHAPURAM: State Bank of Travancore has announced new interest rates on the NRE term deposits with effect from July 17. The new rates are 3.70 per cent for one year to less than two years, 4.10 per cent for two years to less ... More

IOB issue to have a premium of Rs 10-14
INDIAN Overseas Bank's public issue of `10 crore equity shares of Rs 10 each' is likely to hit the market at a premium of Rs 10-14— in other words, in a price band of Rs 20-24 per share. The bank will therefore get anywhere between Rs 200 ... More

SBI loan scheme for patients

GOVT BONDS

No open market operations for G-Secs now: Jalan
THE Reserve Bank of India has no immediate plans to come out with an open market operation in the Government securities market, according to its Governor, Dr Bimal Jalan. Dr Jalan stated this on the sidelines of an IMC Diamond Jubilee ... More

US bonds in a tailspin
THE Chairman of the US Federal Reserve, Mr Alan Greenspan, was quite upbeat in his testimony to Congress last week. He said economic data was turning positive and foresaw an extended period of growth in the US economy. His estimate for 2004 ... More

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