Financial Daily from THE HINDU group of publications
Thursday, April 17, 2003
Forex Rates April 16 (4.30 p.m. IST)
1 PoundRs 74.44
1 EuroRs 51.21
1 USDRs 47.30
100 YenRs 39.29
1 Sing $Rs 26.60

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MONEY & BANKING

FOREX


Forwards crash; gilts dip
Mumbai: AFTER a five-day holiday, the forwards crashed by over 10 basis points in the money markets on Wednesday on easy liquidity conditions and heavy selling of forwards by exporters. "The forwards is currently an appreciation-driven market; ... More

INFORMATION TECHNOLOGY


Union Bank in talks to expand ATM network
UNION Bank is tying up with more banks for the sharing of ATM network. Soon after the forging of alliances between four public sector banks for the sharing of their ATM networks last week, Union Bank is currently engaged in talks with a public ... More

SOFTWARE


  • Antiguan co to deploy FLEXCUBE

    CONSUMER FINANCE


    Maruti, SBI tie up for co-branded financing
    MARUTI Udyog Ltd (MUL) has forged a tie-up with State Bank of India (SBI) for offering co-branded financing option for buyers of Maruti vehicles. Christened SBI-Maruti Finance, the tie-up provides loans for purchase of Maruti cars at the rate ... More

    LIFE INSURANCE


    IRDA appoints new chief for Life Council
    THE Insurance Regulatory and Development Authority (IRDA) has announced that the IRDA Member (Actuary), Mr P.A. Balasubramanian, has been appointed temporarily as the Chairman of Life Insurance Council of the Insurance Association of India. The ... More

    GENERAL INSURANCE


    PNB to vend New India products
    PUNJAB National Bank (PNB) has entered into an alliance with New India Assurance for selling its general insurance products while planning to get into the life insurance business along with Apollo Tyres, Vijaya Bank and Principal Financial Group ... More

    PUBLIC SECTOR BANKS


    State Bank of Mysore to manage Karnataka's treasury operations
    The bank will handle expenditure outflow in terms of salary as well as revenue inflow through various excise collections through the management of State coffers. More
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    In Focus
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    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
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    Railway Budget
    Budget 2003-04
    Books and Reviews
    Looking back
    Apr. 6-Apr. 12
    Loan conversion into shares — Banks get more leeway against defaulters

    Credit limit for overseas ventures hiked

    Why banks are averse to lending rate cut

    LIC leads; others way behind

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