Financial Daily from THE HINDU group of publications
Wednesday, May 08, 2002
| Forex Rates May 7 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, May 08, 2002 |
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MONEY & BANKING FOREX Re stable; gilts on uptick Mumbai: THE Indian currency closed at 48.96/9675 against the dollar on Tuesday, as compared to the previous close at 48.94/95, in a lacklustre forex market. Forex dealers said, that the rupee remained range-bound "as demand and supplies of ... More INSURANCE JK plans to enter insurance broking WITH the insurance industry set to witness the entry of brokers for the first time, JK Industries of the Hari Shankar Singhania group has drawn up elaborate plans to enter the insurance broking business with a proposed initial investment of about ... More STOCKS PNB benefits on fund buying INVESTORS in the initial public offering of Punjab National Bank (PNB) have gained considerably in a short period in an otherwise depressed market. In just over a months' time, PNB shares have risen almost 50 per cent over the issue price of Rs ... More TECHNOLOGY SBI focus on technology STATE Bank of India has set in motion a programme for massive technological upgradation to ensure better customer service. Mr. Y. Radhakrishnan, SBI Managing Director, told presspersons here that the bank was implementing a string of technology ... More NBFCS Ashok Leyland Finance Q4 net profit up at Rs 11.5 cr ASHOK Leyland Finance Ltd has reported a net profit of Rs 11.57 crore in the quarter ended March 31, 2002, as against Rs 6.39 crore in the same quarter of the previous year. The company's net for the whole year 2001-02 was up 74 per cent at Rs ... More
FOREIGN BANKS Bank Muscat plans debit card, call centre BANK Muscat International plans to launch a debit card and set up a call centre facility by the middle of the current financial year. Moreover, the bank would look at doubling its customer base to 10,000 and retail business in next six months, ... More
Bank Muscat ATMs go `wild' INTEREST RATES Banks charge rates at monthly rests BANKS have, keeping in line with the annual policy statement of April 2001, moved over to charging of interest on loans and advances at monthly rests, except on agricultural advances from April 1. This is in response to the apex bank's ... More SECURITISATION Cabinet nod for securitisation law THE Union Cabinet is understood to have approved enacting the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Bill 2002. This aims to makes financial assets (loans, advances and other receivables) of ... More CO-OPERATIVES RBI scrap order for another co-op bank board THE Reserve Bank of India on Tuesday asked the Registrar of Co-operatives of Maharashtra to supersede the board of the Pune-based Sadguru Junglee Maharaj Co-operative Bank. This is the fourth co-operative bank after Nagpur District Central ... More
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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 |
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