The Hindu Business Line : Tuesday, April 19, 2005

`Outsourcing banking work carries a hidden price'
WHILE the business of outsourcing is a common phenomenon, it certainly is a dangerous game, particularly in banking operations, says Captain Raghu Raman, CEO, Mahindra Special Services Group. Attributing the rising instances of bank frauds in ... More

INSIGHT

Retail banking: Effective instrument of transformation
THE level of retail loans disbursed by banks at the end of fiscal 2004 was a record Rs 1,90,000 crore. Behind this figure were several factors: Sectoral GDP shifts, demographic changes, growing middle-class disposable ... More

FINANCIAL PERFORMANCE

India Bulls Q4 net jumps 290 pc
INDIA Bulls Financial Services has reported a 193 per cent growth in net profit at Rs 56.7 crore for the year ended March 31, compared to Rs 19.35 crore in the corresponding period last year. The total revenues rose by 134 per cent to Rs ... More

NBFCS

Stock of chit fund companies soaring in Kerala
There were 5,696 money-lending institutions in the organised sector in the State as on March 2004, as against only 3,376 commercial bank branches in the State. More

GENDER

No barriers for visually challenged Nafisa
SHE rubs shoulders with the best in foreign exchange trading, bill discounting and corporate dealings. On a regular day, she transacts forex to the tune of $4 million. Meet Ms Nafisa Buhariwala, a visually challenged banker - a manager with ... More

DEBT MARKET

Banks show disinterest in State loans
STATE Government borrowings are faced with tough times as bankers have begun to stay away from the State development loans. Banking sources said that only a few were interested in the State papers given the current pace of credit growth. But ... More

PUBLIC SECTOR BANKS

Andhra Bank fixes book closure dates
HYDERABAD: Andhra Bank has informed the stock exchanges that the share transfer books would be closed from May 13 to 25, inclusive of both days, for the purpose of payment of final dividend for the financial year 2004-05 to the eligible ... More

CREDIT MARKET

`Asia needs a regional export credit agency'
THE Chairman and Chief Executive Officer of Exim (Export-Import) Bank of India, Mr Venkat Subramanian, has underscored the need for a body to facilitate trade flows among countries in the Asian region. Speaking to Business Line, Mr ... More

REGULATORY BODIES & RULINGS

IRDA revokes suspension; Avani is now PNB Principal Insurance
THE Insurance Regulatory and Development Authority (IRDA) has decided to revoke the suspension imposed on the Mumbai-based direct insurance broker Avani Insurance Services Pvt Ltd. The regulator had suspended the company's broking licence last ... More

IPOS

YES Bank IPO likely in mid-May
THE initial public offer (IPO) of YES Bank is likely to hit the market in the second week of May. The bank plans to offer 7 crore shares through a book-built offer. ``If all goes well, the IPO will open by May 9,'' the Chief Executive ... More

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