Financial Daily from THE HINDU group of publications
Thursday, July 25, 2002
| Forex Rates July 24 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Thursday, July 25, 2002 |
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MONEY & BANKING FOREX Rupee firms up; gilts rise Mumbai: THE rupee on Wednesday closed a tad stronger at 48.67/68 per dollar unit as compared to its previous closing levels of 48.6850. Dealers said that the strong FII inflows coupled with the fact that the dollar has been weakening against ... More HOUSING FINANCE LIC Housing Q1 net up at Rs 34 cr LIC Housing Finance Ltd has reported a net profit of Rs 33.59 crore for the first quarter ended June 30, 2002, as against Rs 25.51 crore for the corresponding period in the previous year. Income from operations rose to Rs 218.91 crore for the ... More LIFE INSURANCE LIC wooing villagers through `Bima Grams' THE Life Insurance Corporation (LIC) of India has started developing `Bima Grams', indicative of its social commitment under which the organisation ploughed back a portion of the premium collected from the villagers for the development of ... More FINANCIAL POLICY Money laundering Bill re-introduced with changes in RS THE Government on Wednesday re-introduced in the Rajya Sabha a Bill aimed at preventing money laundering, after incorporating virtually all the recommendations of a select committee of the Upper House. The only recommendation of the committee, ... More CREDIT RATING PRIVATE BANKS Global Trust Q1 net down 20 pc GLOBAL Trust Bank (GTB) has suffered a significant fall in total income, operating and net profit for the first quarter of the current fiscal year ended June 30, 2002. The capital adequacy ratio of the bank has also declined to 11.08 per cent ... More
ABN Amro, UTI Bank to share ATMs PUBLIC SECTOR BANKS Banks wary of bonds guaranteed by States FOR years, banks poured money blindly into State-guaranteed debt. They are now beginning to realise that it may have been a mistake. Officials of three top public sector banks admitted that if they were to apply prudential classification norms ... More
IOB to raise Rs 175 cr as tier-II capital
Corpn Bank 150th ATM inaugurated CREDIT CARDS & DEBIT CARDS Giving credit card where it's due... A POTTER or a carpenter in the remote village may soon be able to avail of bank credit through a plastic card. The Finance Ministry has asked banks to examine the scope for enhancing credit to rural artisans. A working group of bankers has ... More FIXED DEPOSITS More banks cut deposit rates With the interest rates on the lending side heading downwards, the banks' spreads were coming under pressure. Government security yields have been dropping and top corporates have been borrowing at rock-bottom rates. More IPOS 
Allahabad Bank mulls Rs 100-cr IPO this year — To invest Rs 20 cr in ARCALLAHABAD Bank is "seriously thinking of" coming out with an IPO this year, the bank's Executive Director, Mr K.K. Rai, told Business Line. The bank had wanted to go public last year, but the proposed issue was postponed due to the ... More TRENDS ATM sharing: New wave sweeping across industry ATM sharing is the new wave sweeping the banking industry. In the past couple of days a number of banks have announced their tie-up with other banks for sharing their respective automated teller machines. UTI Bank has just tied up with ... 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. 14-Jul. 20 India Inc fears `harsh' steps in ordinance SBI Life to target account holders PSU insurers change accounting norms Bank union releases list of defaulters in AP — NPAs account for Rs 4,796 cr Private banks beware, big brother is watching Bank defaults mount to Rs 80,246 cr: AIBEA `We're quite strong, but we'll have to watch out' — Mr A. Ramamurthy, current-in-charge and Managing Director, LIC Banks likely to resume power sector funding |
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