Financial Daily from THE HINDU group of publications
Tuesday, June 04, 2002
| Forex Rates June 3 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, June 04, 2002 |
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MONEY & BANKING FOREX Rupee firm; gilts rise Mumbai: THE rupee closed on Monday similar to its previous levels at 49.04/05 against the dollar in the forex market. Forex dealers said, war fears seem to be abating and the currency slipped primarily on account of short covering by State-run ... More LIFE INSURANCE LIC-South first premium income at all-time high THE South Zone of LIC of India, which comprises Tamil Nadu, Kerala and Pondicherry, earned a first premium income of Rs 983 crore, which is a 10-year high, Mr K. Vaidyalingam, Zonal Manager, LIC Southern Zone, said on Monday. At a press ... More CREDIT RATING Crisil AAA for PFC, REC bonds THE Rs 4,000-crore long-term borrowing programme of Power Finance Corporation has been assigned an AAA rating by CRISIL. The rating reflects PFC's dominant position as a lender in the power sector and its favourable financial position arising out ... More PUBLIC SECTOR BANKS 
Andhra Bank net up 67 pc at Rs 202.27 crANDHRA Bank has registered a net profit of Rs 202.27 crore for the last financial year, which is 67 per cent higher than the Rs 121.19 crore net profit achieved in 2000-01. It has declared a dividend of 14 per cent. Addressing newspersons, ... More FOREIGN BANKS 
ABN-Amro to retail Aviva life productsAVIVA Life Insurance expects half of its revenues to be generated through bancassurance in the next five years. Aviva, which is the brand name of Dabur CGU Life Insurance Company, will start retail sales this week through a tie-up with ... More INTEREST RATES Dena Bank cuts lending rates MUMBAI: Dena Bank Ltd has reduced its prime lending rate (PLR) on advances by 25 basis points effective from June 1, 2002. The short-term PLR for loans or limits with tenors of up to three years is now 12.00 per cent from 12.25 per cent ... More GOVT BONDS Floating rate bonds to earn 6.37% interest THE Reserve Bank of India has fixed the rate of interest on the floating rate bonds, 2009, (FRB, 2009) applicable for the half year ending December 5, 2002 at 6.37 per cent per annum. The rate of interest on the FRB, 2009 is set at a mark-up ... More
NON-PERFORMING ASSETS Refinance by Nabard to be NPA-linked REFINANCE provided by the National Bank for Agriculture and Rural Development (Nabard) to all district central co-operative banks (DCCBs), State co-operative banks (SCBs) and regional rural banks (RRBs) will now be NPA-linked. Earlier, ... More CO-OPERATIVES Nabard to bolster supervision of co-op banks NATIONAL Bank for Agriculture and Rural Development (Nabard) is in the process of strengthening the supervisory framework in all district central co-operative banks, regional rural banks and state co-operative banks. "We will have off-site ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back May. 26-Jun. 1 Variety marks banks' application of AS-17 ICICI gets into BPO, invests Rs 200 cr Forex reserves dip $139 m after eight-month rise Oriental Insurance officers' plea on transfers rejected Confidence in strong global recovery waning, says BIS Public sector bank profits show 100 pc growth |
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