Financial Daily from THE HINDU group of publications
Friday, June 21, 2002
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Financial Daily from THE HINDU group of publications Friday, June 21, 2002 |
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MONEY & BANKING FOREX Rupee slips; securities gain Mumbai: THE rupee closed marginally weaker on Thursday at 48.9150/9250 against the dollar, as compared to Wednesday's close of 48.90/91 in the forex market. Forex dealers said, the market saw a lot of dollar supplies in the early part of the ... More NBFCS Lakshmi General Fin net rises LAKSHMI General Finance (LGF) has reported a net profit of Rs 12.60 crore (Rs 11.36 crore) for 2001-2002. A company press release said that the total disbursement under the company's core business of Hire Purchase/Loan was higher by 25.27 per ... More LIFE INSURANCE Birla Sun Life to name partners for bancassurance soon BIRLA Sun Life Insurance Company Ltd, the 74:26 joint venture between the AV Birla Group and Sun Life Financial of Canada, expects to finalise its partners for bancassurance within the next few months. Announcing this at a press conference ... More RBI & OTHER CENTRAL BANKS Regular disclosures to boards by banks mooted THE RBI has asked banks to adopt the recommendations of the consultative group on appointment of directors on their boards. The report of the group, (Dr Ganguly Group) which was submitted to the RBI in April, suggested that banks must make ... More PRIVATE BANKS ING offers Rs 341 cr to hike Vysya stake to 44% — Deal with GMR at 98 pc over market price THE Dutch financial conglomerate ING group has proposed to buy out 23.99 per cent stake held by the GMR Vasavi group in Vysya Bank Ltd. The acquisition of this stake is expected to vault ING's holding to 43.99 per cent in the bank, the Dutch ... More
KPMG to advise IndusInd on risk management
Centurion Bank net banking PUBLIC SECTOR BANKS SBI net rises 52% to Rs 2,432 cr — Dividend hiked to 60 pc STATE Bank of India has recorded a net profit of Rs 2,431.62 crore in 2001-02, marking a growth of 51.57 per cent compared to Rs 1,604.25 crore in 2000-01. The bank has increased its dividend to 60 per cent from 50 per cent. The operating ... More
Ballabh rules out another VRS at SBI INTEREST RATES 
`No hardening of rates in near future'THE State Bank of India Chairman, Mr Janki Ballabh, has ruled out a firming of interest rates, at least in the near future, despite the pick-up in credit demand. "There is surplus liquidity in the system'', Mr Ballabh told Business Line. ... More SECURITISATION Rs 2-crore fund floor set for reconstruction companies SECURITISATION or reconstruction companies would be required to maintain a minimum net owned funds (NOF) of Rs 2 crore or an amount not exceeding 15 per cent of the total financial assets acquired or proposed to be acquired by it. The proposed ... More MORTGAGE Canfin to raise Rs 58 cr via securities route CANFIN Homes Ltd (CHL) has hit the market with a structured mortgage-backed securitised (MBS) paper. CHL is promoted by Canara Bank, HDFC and UTI, who comprise the largest stake holders. CHL is the second housing finance company after the ... More MERGERS & ACQUISITIONS Benares bank merger with BoB okayed THE Central Government has approved the amalgamation of Benares State Bank Ltd with Bank of Baroda and the scheme of amalgamation will come into force from today. An RBI press release said that existing depositors would be paid in accordance ... More REGULATORY BODIES & RULINGS PAN must for more bank transactions THE Government has made quoting of the Permanent Account Number (PAN) mandatory for more bank transactions, including purchase of bank drafts, pay orders and bankers' cheques for amounts exceeding Rs.50,000 in cash during any day. The Central ... 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 Jun. 9-Jun. 15 Burgeoning forex reserves: Boon or bane? LIC to invest Rs 6,000 cr in equity markets this year 132 pc rise in PSBs net profit last fiscal LIC set to venture into Sri Lanka FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likely ICICI Bank unveils `HomeSafe' cover Nidhis told to attach balance sheet in application forms |
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