Financial Daily from THE HINDU group of publications
Friday, December 13, 2002
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Financial Daily from THE HINDU group of publications Friday, December 13, 2002 |
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MONEY & BANKING FOREX Re loses overnight gains Mumbai: THE rupee lost almost 5 paise to close at 48.19/20 against the dollar on Thursday as compared to Wednesday's close of 48.1450/1550. The gain in the currency observed on Wednesday, taking it to a one-year high was due to lack of RBI's ... More STOCKS 
Punjab National Bank hits new 52-week highTHE shares price of public sector Punjab National Bank (PNB) today touched new 52-week high on the back of recent developments such as merger with Nedungadi Bank and divestment of stake in PNB Gilts, a subsidiary of PNB. In today's trading, the ... More HOUSING FINANCE Corporation Bank to host home loan fair IN a bid to boost its presence in the home loan segment of Kerala significantly, Corporation Bank will be organising a Home Loan Fair in the city on December 20-21. The event will bring together architects, builders, contractors, traders and ... More
Loan scheme from Birla Home Finance GENERAL INSURANCE Insurers told to show `proof' of high losses in motor cover INSURERS are under fresh pressure to come out in the open with all data available with them on motor tariff and the losses suffered by them on various segments of the motor portfolio to justify their claims on higher tariff rates. This time ... More PRIVATE BANKS 
ICICI Bank unveils mobile ATMsMOBILE ATMs! Banks have been toying with the idea for some time now. Some have displayed prototypes. Today ICICI Bank unveiled its first `ATM on Wheels', in Mumbai. In Mumbai, the mobile ATM van will be parked at four locations in the suburbs ... More
UTI Bank opens ATM in Coimbatore
Federal Bank plans own premises in Kozhikode NON-PERFORMING ASSETS RBI asks lenders to take ownership rights of defaulting corporates THE Reserve Bank of India (RBI) has advised banks and financial institutions, as a part of better management of non-performing assets (NPAs), to retain ownership rights over the errant corporate entities by way of getting control over the ... More
Safeguards sought for SSIs in Securitisation Bill
Delhi HC rejects Mardia Chem plea to block lenders RESTRUCTURING SIDBI plans to hive off micro-credit foundation According to the Chairman of SIDBI, the Rs 100-crore fund was considered insufficient to meet the ever growing micro-finance needs of the rural segment, and hence the decision to form a separate company. More ALLIANCES & JOINT VENTURES Corpn Bank's tie-up with LIC proving beneficial CORPORATION Bank's tie-up with LIC has proved mutually beneficial for both the parties concerned. While the LIC staff salary accounts are being increasingly transferred to Corporation Bank, the bank received corporate agency certificate from ... More EVENTS Andhra Bank against NGOs turning financial intermediaries WHILE lauding the role being played by the non-governmental organisations (NGOs) in the field of micro-finance in the country, Andhra Bank has strongly opposed the idea of transforming NGOs into financial intermediaries. Delivering the keynote ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Inside China Gujarat Elections In Depth Gender Justice Simple Economics Small Investor Looking back Dec. 1-Dec. 7 Rising non-performing assets — Bank officers urge Govt to act on war-footing RBI moots identification No. for bank customer PSU insurers await Govt nod to implement VRS Another VRS for banks under study New CRR norm puts banks off-balance GIC steps into global arena CVC steps in to calm bankers' loan paranoia Steep rise in foreign currency export credit during Apr-Nov |
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