Financial Daily from THE HINDU group of publications
Monday, December 16, 2002
Forex Rates Dec. 16 (4.30 p.m. IST)
1 PoundRs 76.35
1 EuroRs 49.14
1 USDRs 48.09
100 YenRs 39.76
1 Sing $Rs 27.53

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MONEY & BANKING

DEBT MARKET


Insurance cos offload high-coupon securities
BOND markets remained subdued during last week due to the liquidity mopping-up operations while the undertone of the market remained firm. The ten-year yield to maturity (YTM) on a weighted average basis ended the week at 6.40 per cent, up from ... More

PRIVATE BANKS


  • No change in BOBL capital structure

    FINANCIAL INSTITUTIONS


    Lenders seek to shut BIFR door against defaulters
    BANKS and financial institutions (FIs) are opening up a new front in their offensive against defaulters. Lenders are now busy joining hands to drill a hole in Board for Industrial and Financial Reconstruction (BIFR) umbrella that for long was ... More

    NON-PERFORMING ASSETS


    Govt kitty set to swell as banks recover NPAs
    HERE is a reason for the taxman to smile this year. Corporate tax receipts from the banks and financial institutions sector are expected to show a hefty increase this fiscal. One of the major reasons why banks are likely to pay large taxes is ... More

    Karur Vysya seizes properties in 8 cases
    IN a swift turn of events, Karur Vysya Bank has taken possession of properties in 8 cases, all of them residential, as per the provisions conferred on the banks by the Securitisation and Reconstruction of Financial Assets and Enforcement of ... More

  • Need for RBI observer in Lok Adalats
  • MCCI welcomes Securitisation Act

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    Top Stories
    `Core infrastructure must improve' — Mr S. K. Mohapatra, Chairman, Paradip Port Trust


    Lenders seek to shut BIFR door against defaulters

    Jt venture issue blown out of proportion: NDDB chief

    Ascon survey shows rise in industrial output

    Divestment panel draws roadmap for TCIL — `Merge Semiconductor Complex with a PSU'

    In Focus
    Inside China

    Gujarat Elections
    Small Investor
    In Depth
    Gender Justice
    Simple Economics
    India Interior
    Consumer Notes
    Looking back
    Dec. 8-Dec. 14
    Law panel for more powers to IRDA

    I am ready to quit, says Mardia Chem chief

    Terror risk pool corpus may expand by Rs 100 cr

    ICICI Bank to sell gold coins

    Ernst and Young to advise SBI on merchant acquisition biz

    RBI asks lenders to take ownership rights of defaulting corporates

    Insurers told to show `proof' of high losses in motor cover


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