Financial Daily from THE HINDU group of publications
Saturday, February 02, 2002
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Financial Daily from THE HINDU group of publications Saturday, February 02, 2002 |
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MONEY & BANKING FOREX Rupee closes steady; gilts range-bound MUMBAI: THE rupee closed steady on Friday similar to the previous level of 48.53 against the dollar in a lacklustre forex market. It opened the day at 48.5250/53. The market was largely range-bound with good dollar supplies coming in. Despite ... More HOUSING FINANCE SBT cuts rate on housing loans STATE Bank of Travancore (SBT) has slashed the interest rate on housing loans to 11.25 per cent with effect from Friday. The revised rate will be applicable to borrowers who have been regular in repayment. The bank has decided to waive the ... More RBI & OTHER CENTRAL BANKS The wheel turns full circle THERE is a delicious irony in the grant of in-principle approval for the setting up of two new private banks earlier this week by the RBI, based on the recommendations of a high-level committee. The committee, which recommended the grant of ... More PRIVATE BANKS KVB net up 53 pc THE net profits of Karur Vysya Bank have improved by 53 per cent to Rs 25.09 crore in the third quarter of the current financial year. For the corresponding period of last year, the profits were at Rs 16.38 crore. The gross income for the period ... More FOREIGN BANKS ABN Amro support centre in Chennai ABN Amro has announced the establishment of a Global Trade & Advisory Centre in Chennai. This business unit will initially process all the trade finance documents of the bank originating from six Asian countries and Australia. The processing ... More FINANCIAL INSTITUTIONS BoB asset company may divest stake to foreign partner BOB Asset Management Co Ltd is likely to divest a part of its equity to a strategic foreign partner, industry sources have said. The prospective foreign stakeholder was likely to be the chosen insurance venture partner for parent Bank of Baroda, ... More
HSBC AMC to launch MFs soon CORPORATE BONDS Higher interest on Flexibond-12 THE latest issue of IDBI's Flexibonds - IDBI Flexibond-12 - offers interest rates about 25 basis points higher than its last offer- Flexibonds-11. The institution is offering interest rates ranging from 9.25 per cent to 9.75 per cent under ... 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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