Financial Daily from THE HINDU group of publications
Sunday, April 13, 2003
Markets (April 11)
BL 2501014.45 (-10.87)
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Dollar (Buy/Sell)47.31/47.44
Gold Std (10 gm)5135 (+10)

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No cash crunch: ICICI Bank — It's financially sound, says RBI
THE country's largest private bank, ICICI Bank, today said it did not have any liquidity problem after throngs of depositors in several places in Gujarat and Mumbai emptied out automated teller machines (ATMs) on news that the bank was caught in ... More

The `run' began at Valsad in Gujarat
THERE was not much respite for the ICICI Bank staff as customers continued to throng its ATM counters across Gujarat for the second day. The length of these queues had shortened considerably overnight and the mood of those who decided to brave ... More

Hi-tech works both ways...
NERVOUS questions about the stability and soundness of ICICI Bank start cropping up in the office corridors in the early afternoon. Colleagues ask if their money is safe. "My father's savings is there. Should I ask him to pull it out?" asks ... More

DoT moots universal licence regime — `Only spectrum usage charges for companies'
The different licence terms and conditions that exist at present for all different telecom services has only led to litigations that have stalled the growth of this sector. More

Watch out for more women on the board
INDIAN corporate boards may soon get a feminine touch if the Department of Company Affairs (DCA) has its way. In all likelihood, the proposed Companies (Amendment) Bill, 2003 will include a clause on the reservation of minimum number of ... More

No attempt to confront or cuddle Govt: CII
IN an attempt to set at rest speculations about the deteriorating relations between the Confederation of Indian Industry (CII) and the BJP-led NDA Government, the outgoing CII President, Mr Ashok Soota, has made it clear that the chamber was ... More

Prudential Bank director dies in judicial custody
ONE of the directors of the scam-hit Prudential Bank, the Hyderabad-based urban cooperative bank, Mr Krishna Kumar, died in judicial custody on Saturday morning after complaining of chest pain. According to police officials, Mr Kumar, 63, was ... More

Franklin India: A mid-cap focus
FRESH investments can be considered in Franklin India Prima. Prima, which focuses on mid and small capitalisation companies, follows an aggressive strategy. It is one of the attractive options for an exposure to such companies. Prima has ... More

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