Financial Daily from THE HINDU group of publications
Friday, March 21, 2003
| Forex Rates March 20 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, March 21, 2003 |
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MONEY & BANKING FOREX Re recovers after 12 paise fall Mumbai: THE rupee nosedived on Thursday losing 12 paise from opening levels against the dollar due to panic demand by corporates and banks. This follows the start of the war with the US missiles targeting Baghdad. The rupee opened at ... More INFORMATION TECHNOLOGY BoI to launch mobile banking in Hyderabad FOLLOWING the success of its mobile ATM (automated teller machine) banking pilot project in Mumbai, Bank of India (BoI) now plans to introduce mobile banking services in Hyderabad shortly. In a press release here on Thursday, the bank said ... More CREDIT POLICY Credit Policy on April 29 MUMBAI: The Reserve Bank of India will announce the Monetary and Credit Policy for 2003-04 on April 29. Though apprehensions of war have led the interest rates to show signs of hardening, the RBI is expected to continue its soft interest ... More AGRICULTURAL INSTITUTIONS Nabard should go for direct lending A WORLD Bank team is in talks with Nabard (National Bank for Agriculture and Rural Development) to extend a line of credit to fund micro-finance initiatives such as the SHG-Bank Linkage Programme. As an intro, the two have agreed on the World ... More HOUSING FINANCE Housing may lure pvt banks to go rural THE housing sector may be lure enough for the private sector banks to shift a greater share of their lending activity to rural areas. The Government feels that the secret weapon to ensure success of its plan to encourage greater credit ... More LIFE INSURANCE 
Hike in FDI limit will cheer private insurersTHE recent move by the Finance Ministry to clear the decks for a hike in foreign direct investment limit in the insurance sector to 49 per cent from the existing 26 per cent must come as a welcome breather for a number of private life insurance ... More GENERAL INSURANCE Corporate debt restructuring — PSU insurance cos may exit term loans PUBLIC sector general insurance companies have sought to exit from some of the term loans in which corporate debt restructuring is under way. Sources said the insurers have made this preference in view of the solvency pressures, which have been ... More DEBT MARKET G-sec market joins Sensex in rally EQUITIES were not alone in the rally following the US attack on Iraq on Thursday. The gilt market also showed signs of bullishness. Though traded volumes were not sufficient to trumpet about, the sentiment in the market certainly seems to be ... More DERIVATIVES MARKETS `Risk strategies must for derivative products' CORPORATES and banks that are engaged in interest rate derivatives trading must have a clear understanding about the risks associated with the product, according to Ms Usha Thorat, Chief General Manager, Reserve Bank of India. Speaking at a ... More RBI & OTHER CENTRAL BANKS Banks allowed to set up more offshore units THE Reserve Bank of India has said that banks may set up more than one Offshore Banking Unit (OBU) as long as they are not in the same special economic zone (SEZ). Earlier, in its guidelines for the setting up of OBU's in special economic ... More PUBLIC SECTOR BANKS Corpn Bank's archives plan THE Mangalore-based Corporation Bank has decided to have its own archives depicting its 97-year history. The collection to be built up for the archives hopes to cover the entire history of the bank from its beginnings in Udupi in ... More FINANCIAL INSTITUTIONS 
ADB to step up aid for infrastructure projectsTHE Asian Development Bank will step up its investment in the infrastructure sector in India, with its lending almost doubling to $2 billion during 2003-04. It will also look at new sectors such as inland water transport and agro-processing for ... More CORPORATE BONDS Federal Bank Tier-II issue fully subscribed FEDERAL Bank's issue of unsecured, non-convertible bonds in the form of subordinated debt for its Tier-II capital has been fully subscribed, collecting Rs 150-crore in the process. The size of the issue was Rs 75-crore with an option to retain ... More NON-PERFORMING ASSETS `ICICI move to take over SPIC assets futile' THE SPIC Chairman, Mr A.C. Muthiah, has termed ICICI's plans to take over the assets of his company's PTA and PFA projects as a ``futile exercise'' . Mr Muthiah said if the lenders are keen to revive the project then they should allow it to ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Run-up to Budget Kelkar Report Bottled water: How safe is it? Telecom Competition Oil PSUs: Disinvestment dilemma Housing Fin. rate war: Bonanza for consumers! NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collections NRIs & Investment Avenues Corporate Governance Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back Mar. 9-Mar. 15 Competition drives LIC to fine-tune customer service `Not in race for cutting home loan rates' — Mr B. Vasanthan, CMD, Andhra Bank `Indian holdings' in foreign NBFCs to be denied sops IRDA warns insurers on unregistered TPAs |
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