Financial Daily from THE HINDU group of publications
Monday, September 02, 2002
Financial Daily from THE HINDU group of publications Monday, September 02, 2002 |
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MONEY & BANKING ECONOMY US has to look beyond UK, Euro zone THE United States has always been the engine of global economic growth. One of the reasons why the US plays that role is that it promises a high trend rate of growth and higher returns on capital investment. However, as the prospects of ... More FOREX Perfectly calibrated moves for the rupee! Beyond 48.40 and going forward, the picture still looks good for the rupee and given the declining trend in the overseas value of the dollar, we could see the rupee strengthen further. More NBFCS Kerala: Chit fund companies protest amendments THE new amendments which have been incorporated into the Kerala Chitties Act would sound the death-knell of the sector, putting lakhs of customers and operators to serious difficulties, according to Mr A.P. George, Vice-President of All-Kerala ... More GENERAL INSURANCE IA may pay 17 pc more for insurance renewal INDIAN Airlines is to pay close to $31 million to renew the insurance cover for its fleet of more than 50 aircraft. Sources told Business Line that though the airline had seen a "16-17 per cent" increase in its insurance renewal payout ... More
Third party cover: `IRDA must issue clear-cut norms' DEBT MARKET Insurance cos prefer short-term securities Unless yields rise, insurers are likely to stay away from the new crop of Government securities, preferring to tap the secondary markets for high coupon securities. Moreover, traders said, insurers were increasingly looking at the shorter ended secur ities. More GOVT BONDS Tenure of recap bonds for banks to be perpetuity THE Government has decided to convert fixed coupon rate of 10 per cent on recapitalisation bonds of Rs 5,000 crore issued to public sector banks into floating rates. It has also decided to extend the tenure of these bonds to perpetuity. ... More NON-PERFORMING ASSETS `Limitation clause may hit NPA recovery' THE fine print of the Ordinance to recover non-performing assets (NPAs) continues to worry lenders. Banks fear that the stipulation of the applicability of the Limitation Act might come in the way of initiating fresh action under the Ordinance ... More
Hindustan Photo Films owes Rs 437 cr to banks CO-OPERATIVES Diamond Jubilee Co-op runs into rough weather YET another cooperative bank, this time from the diamond city, seems to have folded up, buttressing fears that quite a few co-operative banks in Gujarat are set to run into rough weather in the coming days. The collapse comes barely a fortnight ... 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. 25-Aug. 31 RBI Web site to detail gilt deals soon Insurance industry in crisis: IRDA chief Rs 1.5 lakh cr locked up in litigations RBI may permit banks to issue standby LCs New IRDA motor norms may add to insurance cos' woes Solar-powered ATMs? Why do banks neglect the farm sector? RBI annual report 2001-2002 — Economic climate may force RBI to change stance |
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