Financial Daily from THE HINDU group of publications
Wednesday, August 21, 2002
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Financial Daily from THE HINDU group of publications Wednesday, August 21, 2002 |
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MONEY & BANKING FOREX Re firms up; gilts bullish Mumbai: THE rupee closed slightly higher on Tuesday at 48.5650/57 as compared to Monday's close of 48.5850 in a volatile forex market. Dollars supplies were seen to be good and plenty of selling of the greenback was noticed. Rumours of war ... More NBFCS Not involved in TFL woes, says Ratan Tata MR Ratan Tata, Chairman of the Tata group, on Tuesday said neither he nor the top management in the group were involved in the happenings at Tata Finance Ltd. The reports indicating this were grossly untrue, said Mr Tata at the sidelines after ... More HOUSING FINANCE Customising the customer BANK of Baroda plans to make its housing outfit, BoB Housing Finance, a fully-owned subsidiary by buying the 33 per cent stake held by National Housing Bank (NHB). Talks are being held over pricing the transfer with Bank of Baroda holding a 67 ... More
BoB Housing to pay 12 pc FINANCIAL MARKETS US economy and markets: Improving prospects ON Monday, the Dow came roaring back to within striking distance of 9,000. This happened despite the big fall in the index of leading indicators on the US economy released the same day. Markets are, of course, not anything, if not ... More PRIVATE BANKS GTB promises to regain credibility, attain growth DESPITE severe pressure on asset quality and corporate image, fiscal 2001-02 proved to be a `blessing in disguise' for Global Trust Bank (GTB), the Hyderabad-based private sector bank which suffered a major setback due to costly errors of ... More
Tayals to hike stake in Bank of Rajasthan PUBLIC SECTOR BANKS How PSBs can refurbish their image The potential competitive advantage of public sector banks lies in leveraging the knowledge of customers and the peculiar circumstances in which they work, and in making best use of their national network. To achieve this, they have to develop their own capabilities, work closely with government and other agencies, change the ways they work and redirect and reconstitute information flows. More FOREIGN BANKS Bank of Tokyo revises package for Kolkata branch staff THE management of the Bank of Tokyo-Mitsubishi has offered a revised compensation package to the workmen of the closed Kolkata branch of the bank. The revised offer, according to a press release issued by the bank, amounts to an average of ... More
NON-PERFORMING ASSETS Will ARCs fare any better? The creation of Asset Reconstruction Companies would not ensure that the festering problem of NPAs is better addressed. In fact, empowering institutions to recover their dues without the aid of the courts would be enough. The concomitant move to crea te ARCs would weaken the resolve of the institutions in reading the riot act to the defaulters. More CO-OPERATIVES Kerala grants more time to clear co-op loan dues THIRUVANANTHAPURAM: The State Government has, as part of a one-time settlement programme, granted an extended period of three months effective from August 16 for clearing the dues of loans taken from cooperative banks and cooperative ... 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. 11-Aug. 17 Nabard to foray into consultancy services Lenders keep their fingers crossed on NPAs Bill PSU banks tapping staff for business FIs, banks to exchange data on loan defaulters |
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