Financial Daily from THE HINDU group of publications
Thursday, August 22, 2002
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Financial Daily from THE HINDU group of publications Thursday, August 22, 2002 |
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MONEY & BANKING FOREX Rupee rises to 7-month high THE rupee continues to gain strength against the weakening dollar. The local currency rose to a seven-month high of 48.54/5425 against the dollar on Wednesday. On Tuesday, the rupee closed at 48.5650/57. The domestic currency opened at 48.56/57 ... More SOFTWARE SBI core banking solutions test run next month THE pilot run of State Bank of India's much-vaunted core banking solutions is likely to start soon, most probably from September. "The work is in progress and we are trying to have it operational in select branches as early as possible,'' said ... More NBFCS Ferguson report: ICAI seeks details from members THE Institute of Chartered Accountants of India (ICAI) has asked for information about the controversial A.F. Ferguson report in the Tata Finance matter from its member chartered accountants who are also associated with it. "We have asked for ... More
Administrator appointed for 2 benefit funds GENERAL INSURANCE IRDA seeks details of motor cover refusals THE Insurance Regulatory and Development Authority's (IRDA) patience on the motor insurance front appears to be running out. Faced with persistent complaints from transporters on alleged defiance by the insurance companies of the regulatory ... More
Corporates may have to pay higher renewal premiums PUBLIC SECTOR BANKS Banks reject tax challans sans PAN IF remittance of tax dues is mandatory, can banks turn down challans for want of a `Permanent Account Number (PAN)'? This is exactly what is happening here, for no fault of the assessee. Banks have, during the last couple of days, refused to ... More
Bank officers plan strike on August 29 FOREIGN BANKS Credit Lyonnais to open more branches THE French Bank, Credit Lyonnais is to expand its reach in India. The bank plans to start four more branches in the next couple of years. The new locations would be Pune, Bangalore, Kolkata and Hyderabad, a bank official said. Credit Lyonnais ... More GOVT BONDS Securities rise marginally Mumbai: BOND prices moved narrowly with the long-end papers moving up by merely 10-20 paise and the medium-term papers stagnating in the debt market on Wednesday. Thin volumes of trading were observed in the money market, with players holding ... More CREDIT CARDS & DEBIT CARDS Visa's debit power The debit card industry has registered exponential growth at a time when credit cards are growing at a snail's pace. Cashing in on the demand is Visa International with its Electron brand of debit cards, which hopes to have 6 million customers in a f ew years. More PEOPLE Krishnamoorthy takes over at LVB helm CHENNAI: Mr. A Krishnamoorthy, the incumbent Chief General Manager of the Lakshmi Vilas Bank, on Tuesday took charge as the Chairman and CEO of the bank. He joined LVB in May 2001. He was earlier a General Manager with Andhra Bank. ... 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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