Financial Daily from THE HINDU group of publications
Thursday, May 16, 2002
| Forex Rates May 15 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Thursday, May 16, 2002 |
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MONEY & BANKING FOREX Re down 3 paise; gilts fall Mumbai: THE rupee closed at another all-time low on Wednesday at 49.03/0350 to the dollar in a volatile forex market as against the previous close of 49.0050. Forex dealers said that market was jittery following statements by the Prime Minister ... More NBFCS 
Citicorp Finance to take stake in 2 Shriram cosCITICORP Finance India Ltd will pick up equity stakes in two companies of the Chennai-based Shriram group, it was announced at the stock exchanges onWednesday. Shriram group officials told Business Line that Citicorp, the non-banking ... More GENERAL INSURANCE `Stringent checks on co-ops in insurance' THE process of the entry of new faces in the Indian insurance market in the form of co-operatives and brokers progressed further, with the Lok Sabha today passing the Insurance (Amendment) Bill 2001. The Bill also seeks to allow the entry of ... More
PRIVATE BANKS Federal Bank net up 34 pc; to pay 35 pc dividend THE net profit of the Aluva-based Federal Bank has grown by 34 per cent to touch Rs 82.01 crore for 2001-02 as against Rs 61.04 crore recorded in the previous year. Meanwhile, the operating profit has surged by 63 per cent to touch Rs 305.40 ... More PUBLIC SECTOR BANKS Stiffer norms likely for auditors of PSBs According to sources familiar with the developments, there are two issues which are being examined. These are eligibility criteria for auditors to be included in the RBI's approved list of auditors and the number of auditors to be appointed by a bank . More
Vijaya Bank net up 81.5 pc FOREIGN BANKS Citibank for organic growth; to open 10 more branches CITIBANK India believes that `emerging local corporates (ELCs)', in other words, `small and medium enterprises', offer a large growth potential for the bank. That, coupled with the retail market, which is "growing exponentially," is enough to ... More
StanChart to strengthen Chennai back-office centre GOVT BONDS 
`Home Trade issue won't hurt stocks'EVEN as a separate investigation has been initiated against Home Trade Ltd, the Securities and Exchange Board of India (SEBI) today maintained that the "Home Trade issue'' would not adversely impair the functioning of the capital markets in the ... More CO-OPERATIVES Panel raps RBI for AP co-op bank crisis IN a significant development, the high-power expert committee appointed by the Government to probe the functioning of 158 co-operative banks in Andhra Pradesh has largely held the Reserve Bank of India and the Co-operative Departments responsible ... More NEW PRODUCTS & SERVICES FedFast to speed up Gulf NRI remittances THE Aluva-based Federal Bank recently launched FedFast, a speedy remittance facility for NRIs, which offers transfer of funds from West Asia in a matter of minutes, the bank Chairman, Mr K.P. Padmakumar, said at a press conference here. NRI ... 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 May. 5-May. 11 Western Union has big plans in money transfer sector Forex reserves rise $243 m Govt still undecided on separate regulator for urban co-op banks R. K. Talwar: A banker ahead of his times Maharashtra probing all co-operative banks 2 more co-op banks to be superseded Banks charge rates at monthly rests Big bucks come from corporate portfolios `Banking industry in peril, wages can wait' Commissioner of seamen PF to go -- DG Shipping lodges plaint with CBI |
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