Financial Daily from THE HINDU group of publications
Tuesday, May 07, 2002
| Forex Rates May 6 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Tuesday, May 07, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FOREX Re stays strong; gilts gain Mumbai: THE rupee closed stronger by around 4 paise at 48.94/95 against the dollar as compared to 48.9825 on Friday, in a lacklustre forex market on Monday. The rupee opened at 48.98/99. Forex dealers said importer demand drove the currency ... More NBFCS Fallout of `recast' plan -- Manipal unit depositors form body A section of the depositors of the Maha Rashtra Apex Corporation has formed an association to try and ensure that it gets its money back. The association was formally launched here on Monday at a meeting that was attended by about 150 ... More HUMAN RESOURCES RoC cancels new appointments THE Registrar of Co-operative Societies (RoC) has notified suspension for a period of six months of all appointments and promotions with respect to posts up to the level of junior clerks in primary societies. It has, however, exempted from the ... More PRIVATE BANKS 
ICICI Bank ties up with BPL Mobile for `mots'BPL Mobile and ICICI Bank have tied up to allow recharge of BPL's prepaid cellular service facility (branded `mots') at any of the bank's 1000 plus ATMs across the country. The subscribers would also have to hold accounts with ICICI Bank. ... More INTEREST RATES Canara Bank cuts PLR to 11.5 pc BANGALORE: Canara Bank has slashed its prime lending rate (PLR) by 25 basis points to 11.50 per cent from 11.75 per cent, following the recent cut announced by the RBI. The bank's prime term lending rates remain unchanged at 12 per cent. ... More CO-OPERATIVES 2 more co-op banks to be superseded THE Registrar of Co-operatives of Maharashtra will supersede the boards of Wardha District Co-operative Bank and Osamanabad District Co-operative Bank and appoint administrators for the banks as per the recommendations of the RBI following the ... More
Maharashtra probing all co-operative banks
Apex co-op bank seeks RBI nod for reform PEOPLE R. K. Talwar: A banker ahead of his times THE passing away of R. K. Talwar marks the end of a distinct era in Indian banking. The Hindu notes that he was the `Father of SSI (Small Scale Industries)'. But Talwar's contributions to the banking industry cannot be limited to SSIs. The ... More TRENDS A fifty-fifty chance of a fake note With the RBI issuing differing Rs 50 notes in recent years, identifying the genuine ones has become difficult. The issue has become complicated as even genuine ones are being printed in relatively thin paper. 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 Apr. 28-May. 4 Forex reserves cross $55 b Cut in savings bank rates expected No separate supervisor for urban co-op banks Banks asked to adopt flexible interest rates ICICI Prudential unveils two new pension schemes You bet, forex is the bigger asset! HC to the rescue of MCC Fin depositors -- API told to hand over Bhandup land for sale Fresh norms for nidhis on deposits timeframe Live events turn on insurance cos |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |