Financial Daily from THE HINDU group of publications
Friday, August 16, 2002
Financial Daily from THE HINDU group of publications Friday, August 16, 2002 |
|
|
|
|
|
MONEY & BANKING REGIONAL RURAL BANKS Panel for major changes in RRB Act THE RRB Act Amendment Committee, headed by Mr M.V.S. Chalapati Rao, Managing Director of Nabard, which submitted its report recently, has suggested amendments to several provisions of the Act. The relevant provisions relate to Preamble of the ... More INSURANCE Let market forces rule, say private insurers IS the insurance industry being needlessly shackled ? Yes, say many in the industry. The introduction of a cap on the rider premium and its subsequent removal after the industry protested vehemently, is often cited as one example of hasty ... More HOUSING FINANCE Corporation Bank cuts home loan rates CORPORATION Bank has reduced its interest rates on housing loans on a floating rate basis to 9.5 per cent per annum from 10.5 per cent for loans of a maturity period up to five years. The rate of interest is 9.5 per cent for the same period on a ... More GENERAL INSURANCE Rural business of PSU insurers to be transferred to new co THE rural insurance business of the four public sector general insurance companies is expected to be transferred to the proposed Agricultural Insurance Corporation of India. Sources said that this would include all the crop insurance business ... More CREDIT RATING `AA+' for Larsen & Toubro NCD issue MUMBAI: The non-convertible debenture (NCD) issue of Larsen & Toubro, amounting to Rs 300 crore, has been assigned `AA+' rating by Crisil. The ratings reflect the management's concerted efforts to reduce L&T's debt levels and the ... More
KMPL debt programme gets `P1+'
'P1+' for Kotak Mahindra Fin PTC RBI & OTHER CENTRAL BANKS PNB allowed to continue operations of MF arm THE Reserve Bank of India (RBI) has allowed Punjab National Bank (PNB) to continue the operations of its mutual fund subsidiary, PNB Asset Management Co Ltd (PNB AMC). The RBI had earlier asked PNB to close down PNB AMC along with another ... More FINANCIAL INSTITUTIONS Exim Bank ties up with IIT Mumbai MUMBAI: Export-Import Bank of India (Exim Bank) and IIT Mumbai have signed a memorandum of understanding to promote and market the latter's technologies overseas. The two institutions have agreed to leverage their respective strengths ... More NON-PERFORMING ASSETS IIBI to focus on reduction of NPAs "Among the new areas that would receive attention are loan asset securitisation, trading in Government guaranteed papers and IPO financing," Dr Samal said. More CREDIT CARDS & DEBIT CARDS StanChart card for cricket lovers Standard Chartered Bank has now tied up with Air Sahara to introduce `Air Sahara Standard Chartered Cricket Card', to celebrate India's most watched sport. Want to grab a Ganguli or Sachin-autographed bat, better be one of the 100 early birds. ... More REGULATORY BODIES & RULINGS IRDA to clear brokers' norms next month THE Insurance Regulatory and Development Authority (IRDA) would finalise the guidelines pertaining to brokers and consultants by September-end and start granting them licences from the end of October. Announcing this here on Wednesday, the IRDA ... More TRADE & LABOUR UNIONS Bank officers' fedn calls for strike THE Federation of Bank of India Officers' Associations (FBOIOA) has called for a day's strike towards the end of this month to express its revolt against what it called `the management's unreasonable, unilateral and vindictive attitude' towards ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Aug. 4-Aug. 10 IBA group mulls lower rates on rural credit As insurers resort to undercutting — IRDA panel hikes penalty for breach of tariff norms IBA for speedy disposal of loan applications No investment limits on new tax-free bonds Mortgage-backed securities begin to gain acceptance Cross-selling, the new mantra for pvt banks |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |