Financial Daily from THE HINDU group of publications
Saturday, October 05, 2002
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Financial Daily from THE HINDU group of publications Saturday, October 05, 2002 |
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MONEY & BANKING FARM CREDIT Banks' incentive regime needed for food credit SHOULD food credit form part of total credit advances to agriculture? Some bankers say yes. Food credit is mandatory and there is no way the nationalised banks can get away. It goes to fund the procurement operations of the Food Corporation of ... More FOREX Rupee steady; securities up THE rupee closed almost unchanged on Friday at 48.3575/3625 against the dollar, as compared to Thursday's close of 48.3550/3575 in the forex market. "The market was seen to be very dull with hardly any movement in the spot rupee,'' said the ... More STOCKS PNB lacklustre due to lack of interest THE stock of Public National Bank has been lacklustre in the past few days due to the absence of any positive triggers. The share price has been range-bound at Rs 43-Rs 46 levels. The stock has come down marginally by 1.60 per cent while it has ... More SOFTWARE 
TCS to implement trade finance solution for SBITATA Consultancy Services (TCS) has announced that it has been selected by State Bank of India (SBI) to implement a centralised trade finance solution for the bank, using a software solution provided by a Chinese company, China Systems ... More HOUSING FINANCE BoB Housing cuts rates COIMBATORE: BoB Housing Finance Ltd (HFL) has cut the interest rate on housing loans by 0.5 per cent from October 1. According to a statement, BoB HFL has reduced the variable rates to 10.5 per cent for loan periods ranging between 1 ... More
Central Bank cuts rates on housing LIFE INSURANCE LIC says no to takeover of term loans by banks LIFE Insurance Corporation of India (LIC) has declined to allow any form of loan takeover from its portfolio by banks and financial institutions. Sources said here that some of the utilities, public sector undertakings and private sector ... More GENERAL INSURANCE Affordable insurance cover against cancer CANCER insurance for Rs 5,000... Hard to believe, yet true. The Cancer Patients Aid Association, a Mumbai-based NGO, provides a policy that is easy on the pocket and an important source of succour for those afflicted by this painful disease. ... More PUBLIC SECTOR BANKS SBM celebrates 90 years BANGALORE: State Bank of Mysore has launched year-long celebrations to mark its 90th year of existence. The bank was set up on October 2, 1913 on the recommendation of a banking committee headed by Mr M. Visvesvaraya. During the ... More FOREIGN BANKS Citibank issue gets `AAA' CITIBANK has securitised two pools of assets its had purchased from Ashok Leyland Finance Ltd (ALFL) backed by car, commercial vehicles and construction equipment hire purchase receivables. The Rs 28.30-crore transaction has been rated `AAA' by ... More FINANCIAL INSTITUTIONS IDBI may recall deep discount bonds INDUSTRIAL Development Bank of India (IDBI) may recall deep discount bonds (DDBs) from its Flexibonds-3 issue, totalling Rs 45.44 crore, in March 2003. Mr O.V. Bundellu, Chief General Manager, IDBI, today said the institution might exercise ... More NON-PERFORMING ASSETS TN: Prime property deals thru Debt Recovery Tribunal "HOUSE, ground and premises bearing door No.6 (Old No.42) P.M.K. Colony, Chennai-34, to be auctioned off on 24.10.2002 at 3 p.m. Upset price Rs 59.50 lakh". Wondering who the seller is? You may never guess. It's the Debts Recovery Tribunal - ... More
TN SSIs move High Court for bank loan waiver CO-OPERATIVES Gujarat has little time to tackle co-op bank scam THE co-operative banking sector in Gujarat continues to be in a shambles despite over half a dozen UCBs falling like nine pins in the last couple of weeks. The State Government, which has gone on an overdrive on the election front, despite no ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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