Financial Daily from THE HINDU group of publications
Thursday, February 28, 2002
| Forex Rates Feb. 27 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Thursday, February 28, 2002 |
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MONEY & BANKING BUDGET Interest perks up in bank stocks on Budget hopes Bank stocks, particularly those of private banks, rode a second upward wave this week in view of Budget expectations. The market is looking forward to lowering of interest rate on small savings, further clarifications on FDI norms in banks and ... More FOREX Rupee weak; gilts choppy MUMBAI: THE rupee closed weaker on Wednesday by around two paise at 48.7350/7450 against the dollar in the forex market, as compared to the previous close of 48.7250. After opening the day at 48.7150/7250, the rupee hit a low of 48.79 on ... More HOUSING FINANCE Corpn Bank cuts home loan rates MANGALORE: Corporation Bank has lowered its interest rates on housing loans to 11 per cent with effect from March 1. According to a press release issued here on Wednesday, the interest rate on home loans up to a five-year maturity have ... More LIFE INSURANCE Differing takes on same business ICICI Prudential Life told Business Line on Tuesday that its sum assured had crossed Rs 1,000 crore, its premium income had exceeded Rs 100 crore and that it would close the year with sales of around 90,000 policies. On the other hand, ... More GENERAL INSURANCE Iffco-Tokio ties up with KSFC BANGALORE: General insurer Iffco-Tokio General Insurance has tied up with State-owned term lender Karnataka State Finance Corporation (KSFC) to distribute insurance products to industrial enterprises in the State. All KSFC clients would ... More NON-PERFORMING ASSETS Big-ticket recoveries elude Indian Bank INDIAN Bank had hoped to nourish its profits this year with a couple of big-ticket recoveries, but they have eluded the bank. Ravi Shankar Industries had agreed before the Debts Recovery Tribunal in Chennai to pay the bank a compromise sum of ... More MERGERS & ACQUISITIONS GEC to buy out HDFC stake in GE Countrywide THE US-based General Electric Corporation (GEC) has decided to buy out the 25 per cent stake of its joint venture partner, HDFC, in GE Countrywide Consumer Financial Services Ltd. The buy-out will be carried out through GEC's wholly-owned ... More CO-OPERATIVES CID probing Charminar-mafia links THE Charminar Bank Chairman, Mr Syed Alamdar Hussain Sajjad Aga, passed away at 8.45 pm on Tuesday night at a corporate hospital here. Mr Aga allegedly shot himself with his personal revolver on Monday morning owing to a deep financial crisis ... More
Charminar Bank: `Few panic reactions' Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 17-Feb. 23 49 pc cap for foreign investment in pvt banks Forex kitty moves up by $201 m `ARC should create market, not buy bad loans' Govt panel raises hopes for nidhis `Landless rich' knock more on SBI doors PSU general insurers chart phased revamp State guarantees not final word: RBI `Andhra Bank keen to boost non-interest income' |
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