News On Demand 27

MBA GOSSIPS FOR TODAY:

*Indian ADRs loss $1.44 billion in one week.

Indian stock trading on American bourses lost over $1 dollars last week, with IT bellwether Infosys accounting for more than half of the total loss.

Q:WHAT IS ADR?

>An American Depositary Receipt (or ADR) represents ownership in the shares of a non-U.S. company and trades in U.S. financial markets.

>ADRs enable U.S. investors to buy shares in foreign companies without the hazards or inconveniences of cross-border & cross-currency transactions.

>ADRs carry prices in US dollars, pay dividends in US dollars, and can be traded like the shares of US-based companies.

"DHANALAXMI BANK".

FACTS:

Dhanalakshmi Bank Ltd is an old private sector bank headquartered in Thrissur city, Kerala, the "Cultural Capital of Kerala".

>Managing Director and CEO :Amitabh Chaturvedi

>The bank is focusing mostly on Southern states like NEWS ON DEMAND Karnataka,kerela,Tamil Nadu & AP.

>The Dhanalakshmi Bank serviced a business of Rs 8,212 crore as on 31.03.2009.

>The Dhanalakshmi Bank has a agreement with Bajaj Alliance Insurance Company Ltd, as their corporate agent. The bank is also a depository participant of NSDL (National Security Depository Limited) offering Demat services through select branches.

Sunil R@th.