Financial Daily from THE HINDU group of publications
Friday, November 15, 2002
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Financial Daily from THE HINDU group of publications Friday, November 15, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Banks asked to adopt cash management tools THE Chief Economic Advisor to the Union Finance Ministry, Dr Ashok Lahiri, today asked banks to adopt better cash management techniques, which would not only enable them to increase non-interest income but also offer value-added products and ... More FOREX Rupee strengthens Mumbai: FURTHER appreciation of the rupee is expected with news of Moody's reviewing India for `a possible upgrade' of the `foreign currency country ceiling for debt'. On Thursday, the rupee closed a tad stronger at 48.25/26 against the ... More INFORMATION TECHNOLOGY PNB pact with Cisco PUNJAB National Bank (PNB) has signed a memorandum of understanding (MoU) with Cisco Systems to initiate the bank's largest ever IT infrastructure upgradation. The MoU envisages that PNB will work with Cisco Systems to evolve the network ... More PRIVATE BANKS RBI to consider Nedungadi depositors' plea THE Reserve Bank of India, which has notified the draft scheme for the merger of Nedungadi Bank Ltd (NBL) with Punjab National Bank (PNB), will consider requests for withdrawal of deposits in excess of Rs 5,000 on a case-to-case basis. The ... More PUBLIC SECTOR BANKS Canara Bank to focus on retailing RETAIL lending, cost control, NPA recovery will be among Canara Bank's thrust areas in the days to come. The bank has also set ambitious targets on the infotech front. Canara Bank, which is set to make a public issue, has decided to accord top ... More FOREIGN BANKS Stanchart unveils foreign currency account STANDARD Chartered Bank has introduced the resident foreign currency (domestic) accounts as per the recent guidelines issued by the Reserve Bank of India. Indian residents can now maintain accounts in US dollars, British pound or euro. The ... More GOVT BONDS As West Asia cools down — Bond volumes at record high "EVERYBODY thought the party was over, looks like its not," reflects the sentiment of most dealers in Thursday's uni-directional Indian Government securities market. With the West Asian tensions quelled, Moody's reviewing the rating of India ... More CREDIT CARDS & DEBIT CARDS SBI launches debit card STATE Bank of India (SBI) has launched `SBI Cash Plus', its Maestro debit card for which it has tied up with MasterCard International. Maestro is MasterCard International's online PIN-based deposit access programme. SBI Cash Plus will allow ... More MERGERS & ACQUISITIONS 
RBI sets terms for PNB, Nedungadi Bank mergerTHE Reserve Bank of India today unveiled to public a draft scheme to merge the Kerala-based Nedungadi Bank with Punjab National Bank (PNB). The scheme would be available to the public from both the banks. The proposed scheme of amalgamation ... More
Nedungadi staff elated TRADE & LABOUR UNIONS IPOS Disclosures must not end with IPOs THE initial public offerings (IPO) made by public sector banks is an occasion to bare a lot of facts to the investing public. SEBI regulations and listing requirements on stock exchanges are forcing aspirants from the banking sector to reveal ... More CO-OPERATIVES Get professional, Governor tells Gujarat co-ops THE Gujarat Governor, Mr Sundar Singh Bhandari, has called upon the scam-tainted co-operative banking sector to infuse more professionalism into its style of functioning if it were to weed out corruption from within. The co-operative sector, ... More
South Canara co-op bank to upgrade PEOPLE Chris Low to head StanChart India STANDARD Chartered Bank, the largest foreign bank in India, is to have a new CEO. Mr Chris Low, currently Area General Manager for East Africa and CEO Kenya is to be the new CEO in India, said a press release. The present CEO India Region, Mr ... 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 Nov. 3-Nov. 9 PSUs worried over funds in IFCI Kelkar prescription may hit housing finance SBI local head offices to get more powers |
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