Financial Daily from THE HINDU group of publications
Friday, July 19, 2002
| Forex Rates July 18 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, July 19, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Clearing Corporation plans alternative to call money WITH the RBI planning to phase out non-bank entities from the call money market, the Clearing Corporation of India Ltd (CCIL) is set to introduce a new instrument as an alternative to call money, allowing participants to borrow and lend funds ... More FOREX Rupee steady; gilts bullish Mumbai: THE rupee closed steady on Thursday almost similar to its previous levels at 48.7750/78 against the dollar in a lacklustre forex market. Forex dealers said, that the market was inactive with thin trading volumes, as there was not much ... More INFORMATION TECHNOLOGY Corpn Bank sets aside Rs 88 cr for tech upgradation AS part of its drive to build up an image of being a `technology-savvy' bank, the Mangalore-based Corporation Bank has set aside a sum of Rs 88 crore for technology upgradation, according to the bank's Chairman and Managing Director, Mr K. ... More HOUSING FINANCE CanFin Q1 net rises 10 pc CANFIN Homes has increased its net profit by 10 per cent for the first quarter of the current financial year to Rs 4.49 crore. For the corresponding period of the last financial year, the net profit was Rs 4.07 crore. The increase was achieved ... More CREDIT RATING RBI & OTHER CENTRAL BANKS RBI cheers up Govt with Rs 10,300-cr dividend FOR a third consecutive year, the Reserve Bank of India has pitched in a big way to help the Centre tide over its cash flow problems. The RBI, which is the Government's debt manager, has decided to transfer close to Rs 10,300 crore as dividend ... More
RBI surplus profit surges above Rs 10,000 crore PRIVATE BANKS South Indian Bank net rises 22 pc THE net profit of the Thrissur-based South Indian Bank has grown by 22 per cent to Rs 18.81 crore during the first quarter of 2002-03, as against Rs 15.38 crore posted for the corresponding period of last year. ``The profit figure was arrived ... More
Online phone bill payment thru Centurion Bank PUBLIC SECTOR BANKS Union Bank Q1 net up 81 pc at Rs 114 crore UNION Bank of India has registered a 80.72 per cent rise in net profit at Rs 113.91 crore for the first quarter ended June 30, 2002 from Rs 63.03 crore in the corresponding quarter in the previous year. According to a bank release, the increase ... More FINANCIAL INSTITUTIONS NON-PERFORMING ASSETS Bank defaults mount to Rs 80,246 cr: AIBEA TILL March 31, 2001, a total of 12,090 accounts defaulted to the tune of Rs 80,246.46 crore to banks and financial institutions in the country, according to a study undertaken by the All India Bank Employees Association (AIBEA). Releasing a ... More TRADE & LABOUR UNIONS `Defend PSU banking' rallies today THIRUVANANTHAPURAM: The United Forum of Bank Unions (UFBU), Kerala, will observe "Defend public sector banking day' on July 19 by holding rallies and meetings throughout the State. The State Convener of UBFU, Mr V.G. Sidharthan, said ... More INTERVIEW 
`We're quite strong, but we'll have to watch out' — Mr A. Ramamurthy, current-in-charge and Managing Director, LICWITH a 140 per cent increase in its first premium income last year, the Life Insurance Corporation of India proved that it is not a pushover. The performance flew in the face of those who doubted that with its monopoly gone, LIC would whittle ... 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 Jul. 7-Jul. 13 NPAs continue to haunt banks RBI proposes to utilise SBI electronic transfer facility PSBs' loan loss cover still insufficient SBI tightens norms for corporates New debt for old: Not that easy |
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