Financial Daily from THE HINDU group of publications
Sunday, January 13, 2002

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Forex reserves up $254 m
THE country's forex reserves continued to rise, gaining by $254 million to $48.299 billion for the week ended January 4, 2002 as against $48.045 billion in the previous week. Foreign currency assets held in the reserves rose by $260 million to ... More


Can Fin Homes cuts interest rates
BANGALORE: Can Fin Homes Ltd has reduced the rates of interest on its loan schemes by 0.25 per cent for all slabs, according to a press release. The company's new interest rate for a five-year loan will be 10.25 per cent, for six to ... More


OM Kotak launches term assurance plan
OM Kotak Mahindra Life Insurance Company has launched two group insurance products and a term assurance plan for individuals. While the term group plan enables low cost insurance cover for group members, the credit-term group plan enables credit ... More


UTI Bank Q3 net up 55 pc
UTI Bank has registered a 55 per cent increase in net profits at Rs 35.76 crore for the third quarter ended December 31, 2001 as compared to Rs 23.03 crore in the corresponding period in the previous quarter. Total income of the bank was at Rs ... More

ICICI sells Maha Polybutenes shares
MUMBAI: ICICI Ltd has sold 11,40,000 equity shares of Maharashtra Polybutenes Ltd to the company's promoters at Rs 10 per share on January 8, 2002. According to a notice to the Bombay Stock Exchange, ICICI Ltd has acquired the ... More


SBM bond issue fully subscribed
BANGALORE: State Bank of Mysore entered the market for its Tier-II capital bonds issue of Rs 60 crore at a coupon of 6.4 per cent per annum on a private placement basis on January 9 and the issue was fully subscribed on January 11. The ... More


Stanchart in alliance with Dept of Posts
THE Department of Posts and Standard Chartered Finance Ltd, a product distribution arm of the Standard Chartered group, on Saturday signed a memorandum of understanding (MoU) for entering into a strategic alliance to further the growth strategy ... More


Top guns for bank economists' meet
MORE than 200 delegates from all over the country will assemble here on Monday to participate in the bank economists' conference (BECON 2001) being organised by Allahabad Bank. The three-day conference, due to begin on January 14, will be ... More


Bank credit up Rs 9,909 crore
BANK credit has registered an increase of Rs 9,909 crore over the fortnight to Rs 5,58,599 crore as on December 28, 2001 according to the weekly statistical supplement (WSS) of the RBI. Food credit has increased by Rs 513 crore to Rs 52,276 ... More
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