Financial Daily from THE HINDU group of publications
Saturday, March 23, 2002
| Forex Rates March 22 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, March 23, 2002 |
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MONEY & BANKING FOREX Re weak; gilts range-bound Mumbai: THE rupee closed weaker on Friday at 48.7650/7750 to a dollar as compared to its previous close of 48.75/7550 in a lacklustre forex market. Dealers said that the rupee mostly traded in the narrow band of 48.75-77 throughout the day. ... More INSURANCE Insurers have wealth of data for rural offerings With most of the private insurance companies, besides the public sector players, present in the State, access to public data would spur activity in the rural insurance sector, according to Mr A. Vijayaraghavan of Sathguru Management Consultants. More RBI & OTHER CENTRAL BANKS Lock-in goes for repatriation by NRIs, PIOs IN yet another move aimed at providing non-resident Indians (NRIs) and persons of Indian origin (PIOs) greater flexibility, the Rerserve Bank of India has removed the lock-in period for repatriation of sale proceeds of immovable property ... More PRIVATE BANKS UTI Bank plans public issue next year UTI Bank, one of the leading new generation banks in the country, is planning to come out with a public issue some time in the next financial year if the market conditions prove to be favourable. The bank is already in the process of bringing ... More
Vysya Bank offers new facility PUBLIC SECTOR BANKS Corporation Bank felicitates staff MANGALORE: Corporation Bank felicitated its `super achievers' at an award ceremony held in New Delhi on Thursday. The bank's `corporate awards' are given to those who are said to have `excelled in all areas of operation under the ... More
SBI thrust on greenfield projects in North Bengal FOREIGN BANKS BNP Paribas brings in more capital THE French bank, BNP Paribas, which had recently cut-back its retail banking in India, said that it has brought in Rs 80 crore as additional capital for Indian operations. Of this around 75 per cent would constitute Tier-I, while the balance ... More FINANCIAL INSTITUTIONS Dabhol lenders may recall loans THE domestic lenders to the Dabhol power project are planning to recall their loans, a step prior to the sale of assets of the company, according to top industry sources. This would also mean that the present process of selecting a new ... More INTEREST RATES Central Bank cuts lending, deposit rates CENTRAL Bank of India (CBI) has decided to reduce its medium-term lending rates (MTLR) for term loans by 50 basis points and has also cut its deposit rates by 25 basis points. With these cuts, Central Bank becomes the first bank to reduce its ... More
Interest rates in India and US: Why the two cannot converge NON-PERFORMING ASSETS Govt focussed on NPA recovery, says Sinha Mr Sinha stated that in absolute numbers, the NPAs might appear to be going up but the percentage of the NPAs to total advances has been consistently going down ever since "we started monitoring from 1993-94. More CREDIT CARDS & DEBIT CARDS Canara Bank Laghu Udhyami Card BANGALORE: Canara Bank has introduced the Laghu Udhyami Credit Card to provide free credit to small borrowers under retail trade, small business, artisans, village and small industries and professionals. A bank release said here that ... More MERGERS & ACQUISITIONS Andhra Bank to merge housing arm HYDERABAD: Andhra Bank proposes to merge its housing finance subsidiary - Andhra Bank Housing Finance Ltd. As a part of this exercise, the bank plans to enhance its holding in the housing finance subsidiary by way of acquiring the ... More TRENDS Indian Bank tops in interest spread THE Indian Bank, which still happens to have to wear the label `weak bank', has topped the list of all public sector bank in increase in interest spreads - the difference between `interest earned' and `interest expended'. And that too, in a ... More 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 Mar. 10-Mar. 16 Run on AP co-op bank Prudential Bank stops premature payments -- RBI steps in to avert liquidity crisis Oil refineries face hike in insurance premiums No hurry to cut Bank Rate: Jalan |
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