Financial Daily from THE HINDU group of publications
Saturday, August 24, 2002
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Financial Daily from THE HINDU group of publications Saturday, August 24, 2002 |
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MONEY & BANKING FOREX Rupee falls; gilts recover Mumbai: BREAKING the trend of a new high everyday for the rupee, it closed on Friday at 48.55 against the dollar as compared to Thursday's close of 48.5250/53 in the forex market. The rumour about aerial attacks that emerged towards the end of ... More INSURANCE Insurance players in no hurry to get rated ``Ratings of private-sector insurance companies would take longer. They need to demonstrate their track record of performance over a period of time, say, about three years at least,'' says Mr P.K. Choudhury, Managing Director of ICRA. More NBFCS DCA awaiting RoC report on Tata Finance issue THE Department of Company Affairs (DCA) on Friday said any further action on the Tata Finance Ltd (TFL) matter would be taken only after receiving the Registrar of Companies (RoC), Mumbai's report. "The RoC, Mumbai, has been asked to submit a ... More HOUSING FINANCE Canara Bank cuts home loan rates CANARA Bank today announced revision in its housing loan rates again up to half a percentage point effective August 26. With this move, Canara Bank's interest rate on housing loans drops to 10 per cent per annum, both for floating-rate and ... More
Set the grown-ups on their own GENERAL INSURANCE PNB Housing, United India sign MoU PNB Housing Finance Ltd (PNBHF) and United India Insurance Co Ltd (UIIC) have signed a memorandum of understanding (MoU) for coverage of a combined fire insurance policy and personal accident policy for complete, effective and adequate services ... More RBI & OTHER CENTRAL BANKS Immediate credit limit on cheques up at Rs 15,000 THE Reserve Bank of India has told banks to enhance the ceiling on immediate credit of outstation or local cheques, to Rs 15,000 from Rs 7,500, following recommendations from the Indian Banks' Association. As per the existing guidelines, normal ... More PRIVATE BANKS HDFC Bank offers research support to HSE brokers HDFC Bank has initiated negotiations with the Hyderabad Stock Exchange (HSE) for providing research support to the member-brokers of the bourse. The research support of the bank contains analysis of developments in the equity as well as ... More FINANCIAL INSTITUTIONS KSFC to set up panel to study film financing One of the suggestions before KSFC was to evaluate the film script as a means to assess the potential to advance loans. More INTERVIEW `Max New York watching pension area keenly' MR Anuroop Tony Singh, Managing Director and Chief Executive Officer, Max New York Life Insurance Co, has been steering the company's fortunes since it set up base in India in early 2001. In an exclusive interview with Business Line, Mr ... More PERFORMANCE ICICI Bank arms' net down at Rs 1.87 cr HUGE losses suffered by insurance arms and a sharp drop in the profits of other individual ventures have almost wiped out the surpluses of ICICI Bank's subsidiaries during the past fiscal year. The 11 subsidiaries of the bank together earned a ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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