Financial Daily from THE HINDU group of publications
Wednesday, January 30, 2002
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Financial Daily from THE HINDU group of publications Wednesday, January 30, 2002 |
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MONEY & BANKING FOREX Rupee sheds 6 paise; securities rally MUMBAI: THE rupee closed weaker on Tuesday by around 6 paise at 48.41/42 against the dollar as compared to the previous close of 48.3550/3650 in the forex market. Dealers attributed the fall in the rupee to the usual month-end scramble for ... More INSURANCE IRDA to set up institute in Hyderabad HYDERABAD: The Insurance Regulatory Development Authority (IRDA) and the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) have signed up to establish a global institute for insurance, risk management and other allied ... More NBFCS Sundaram Finance net down 15 pc CHENNAI: Sundaram Finance Ltd has reported a 15 per cent drop in net profit and a 2.6 per cent fall in income from operations for the quarter ended December 31, 2001, over the corresponding period last year. It had a net profit of Rs ... More GENERAL INSURANCE 3 options for insurance development officers THE process of relocation/retrenchment of 12,000-odd development officers (DOs) of Government-owned insurance companies has commenced, with General Insurance Public Sector Association (GIPSA) preparing a detailed paper on repositioning their ... More
Insurance brokers set to return; await licences FINANCIAL POLICY Deflation is the new enemy Mr Alan Greenspan's policies have received the stamp of approval from the acolyte of monetarists. Writing in the Wall Street Journal, Mr Milton Friedman, who was awarded the Nobel Prize for his work in monetary economics, commends the US ... More PRIVATE BANKS Centurion Bank posts Rs 26-cr loss MUMBAI: Lower income (both interest income and income from investments) and higher provisioning in the third quarter pushed Centurion Bank Ltd deep into the red. The bank has reported a net loss of Rs 26.04 crore for the quarter ended ... More
IndusInd net up marginally
GTB net sinks on provisioning
Federal Bank net rises 45 pc
ICICI Bank in ATM pact with Bharti PUBLIC SECTOR BANKS Vijaya Bank net zooms 172 pc BANGALORE: Vijaya Bank reported a net profit of Rs 44.05 crore in the quarter ended December 31, 2001, up 172.6 per cent from Rs 16.16 crore for the same period a year ago. The bank's net profit shot up by 43.06 per cent sequentially ... More
SBI `relief package' for slowdown-hit units
BoB net crawls up FINANCIAL INSTITUTIONS IDBI third-quarter net plunges 77 pc INDUSTRIAL Development Bank of India (IDBI) has taken a hard knock on its bottomline with net profit for the third quarter plunging to less than a fourth compared year on year. The institution's total assets have also contracted three per cent ... More ECONOMIC OFFENCES Letter of credit: A scam in the making? "THIS corrupt Government must go right now,'' said the erudite spokesman of the main Opposition party on the March 20, adding that ``due to the lack, or more correctly, absence of supervision over banks, greedy and corrupt foreign financial ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Jan. 20-Jan. 26 AMP Sanmar takes the field with Steve Waugh Cabinet nod for repeal of banking service Act -- Full say for banks in recruitment SBI to recruit IT pros once arm gets okay Corporate lending norms for PDs tightened |
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