Financial Daily from THE HINDU group of publications
Saturday, November 30, 2002
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Financial Daily from THE HINDU group of publications Saturday, November 30, 2002 |
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MONEY & BANKING FARM CREDIT Will ground realities change for farmers? "IN brief, the income changes that have taken place in both rural and urban areas over the past 20 years have ushered in a new demand structure for rural products that has gone largely unnoticed. Traditional approaches to agriculture focussed on ... More FOREX Has the appreciating trend of rupee come to a halt? SUSTAINED dollar demand throughout the week has weakened the rupee against the dollar. However, forex experts are divided over whether the demand is genuine or not. The rupee closed 2 paise weaker at 48.2850/2950 on Friday against the dollar, ... More HOUSING FINANCE LIFE INSURANCE IDBI Bank stops sale of Tata AIG products via ATMs IDBI Bank has withdrawn its `any time insurance' offering, whereby it was selling general insurance products of Tata AIG through its ATMs. Being the first private bank in India to offer insurance products through its ATMs, the bank announced ... More GENERAL INSURANCE United India inks pact with South Indian Bank THE Thrissur-based South Indian Bank has joined hands with United India Insurance through a corporate agency tie-up whereby the company's insurance products will be sold through the bank's branch network. The Chairman of South Indian Bank, Mr ... More HUMAN RESOURCES BoI to outsource HR systems PUBLIC sector banks are beginning to take to business process outsourcing (BPO). Bank of India (BoI), in a first of its kind move, plans to totally outsource its human resources (HR) management systems. The move is expected to save 50 per cent ... More FINANCIAL INSTITUTIONS REC relaxes lending terms to lighten debt burdens Sources said here that REC was willing to forego one of its major lending covenants — guarantees. Instead, REC has indicated that it was prepared to settle for reform-led alternatives. The relaxation comes close on the heels of the PFC making s imilar sops to mitigate borrowers' debt burden . More
IIBI to service own bonds INTEREST RATES Union Bank cuts PLR MUMBAI: Union Bank of India has reduced its prime-lending rate (PLR) by 0.25 percentage points to 11.25 per cent effective December 1. The prime term lending rate (PTLR) of the bank remains at 12 per cent, said a press release. ... More GOVT BONDS Bonds fall on profit-taking THE `much expected' OMO announcement came on Friday from the RBI. An Rs 4,500 crore OMO sale of the 10.95 per cent 2011 paper through uniform price auction has been scheduled for December 2. Simultaneously, a news wire reported the likelihood ... More FIXED DEPOSITS Canara Bank cuts long-term deposit rates CANARA Bank has dropped its lending rates by 25 basis points (0.25 per cent) for term deposits in view of the continuing liquidity overhang in the banking system. However, the bank has retained its rates at the short end (maturities between ... More IPOS 
Allahabad Bank listed at Rs 2.70 premium on BSESHARES of Kolkata-based Allahabad Bank listed at a premium today on the Bombay Stock Exchange at Rs 12.70 per share as compared to the issue price of Rs 10. However, the share price soon came down to touch a low of Rs 9.20 before settling to ... More PEOPLE Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Nov. 17-Nov. 23 Indian banking system is weak, says S&P Andhra Bank cuts rates on credit card rollover balance |
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