Financial Daily from THE HINDU group of publications
Saturday, February 09, 2002
Forex Rates Feb. 8 (4.30 p.m. IST)
1 PoundRs 68.52
1 EuroRs 42.38
1 USDRs 48.63
1 YenRs 36.28
1 Sing $Rs 26.51

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MONEY & BANKING

FOREX


`RBI buying dollars, not targeting any rupee level'
THE Reserve Bank of India has publicly admitted that it is buying dollars aggressively from the market. Dr Bimal Jalan, Governor, RBI, today told a gathering of information technology professionals at Nasscom 2002, that the RBI was buying ... More

Rupee steady; gilts rise
MUMBAI: THE rupee ended on Friday at 48.70/71 per dollar as compared to the previous close of 48.6950/7050 in a volatile forex market. The rupee opened at 48.6950/7050 and firmed up to 48.63/6450 on account of good dollar supplies. "People who ... More

INSURANCE


DOs reject phase-out plan; look to Ministry
THE managements of the State-owned insurance companies and their 12,000-strong cadre of development officers (DOs) are heading for a protracted confrontation over the General Insurance Public Sector Association's (GIPSA) plan to phase out the ... More

PRIVATE BANKS


Catholic Syrian Q3 net at Rs 15.7 cr
THE Thrissur-based Catholic Syrian Bank has reported a net profit of Rs 15.70 crore in the third quarter of the current fiscal ended December 31, 2001, compared to Rs 7.60 crore for the corresponding previous period, an increase of 106.58 per ... More

ICICI Bank to extend eCheque facility
COIMBATORE: ICICI Bank has taken the lead in launching `eCheques'. The facility, introduced in Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, Nagpur and New Delhi, allows ICICI Bank account-holders to make payments over the ... More

PUBLIC SECTOR BANKS


BoI extends multi-branch facility
MUMBAI: Bank of India (BoI) has extended its multi-branch banking (MBB) facility to all its branches in Mumbai effective from February 9, 2002. Under the MBB facility, the customers who do not have an ATM card, can deposit and ... More

FOREIGN BANKS


HSBC financial service for rich customers
HSBC has launched a new service for its high net worth customers to achieve their financial goals. The Financial Planning Service (FPS) is aimed at helping customers execute long-term savings and investment plans. The Chief Executive Officer, ... More

Citibank launches new product
MUMBAI: Citibank has launched `CitiGold wealth management' in India, a suite of global financial planning tools and wealth management services. CitiGold wealth management is aimed at high net worth priority customers who want to grow ... More

FINANCIAL INSTITUTIONS


ECGC factoring for exporters from April
THE Export Credit Guarantee Corporation (ECGC) of India plans to launch factoring business for exporters from April, said Mr G.M. Ganapathy, General Manager. Explaining the benefits of factoring to exporters at its branch here, Mr Ganapathy ... More
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Top Stories
DOs reject phase-out plan; look to Ministry


`Teledensity to grow 4.5 pc this fiscal'

Marketers hardsell the Valentine Day's spirit

Rose exports up ahead of Valentine's Day

Defaulting States may get lower power allocation

Zuari-Chambal bids for Paradeep Phos

Rakesh Mohan proposals for Rlys shelved

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Jan. 27-Feb. 2
Private players set to enter domestic money transfer

Develop bond market to cut forex risk: BIS

Letter of credit: A scam in the making?

SBI `relief package' for slowdown-hit units

3 options for insurance development officers

Re loses 12 paise

Treasury operations sparkle for banks

SBI net goes up three-fold in Q3


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