Financial Daily from THE HINDU group of publications
Wednesday, June 11, 2003
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Financial Daily from THE HINDU group of publications Wednesday, June 11, 2003 |
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MONEY & BANKING FOREX Rupee hits 26-month high HEAVY dollar inflows helped the rupee gain 12 paise to touch a 26- month-high in its value against the dollar to close at 46.76/77 on Tuesday in the local currency markets. The rupee had closed at 46.88/89 on Monday. The rupee was last seen at ... More STOCKS 
PSU bank stocks lose most in panic sellingPUBLIC sector banks witnessed panic selling on Tuesday following confusion over the Central Government's stance on the recent volatility in these counters. The stocks of Punjab National Bank, Canara Bank, State Bank of India, Andhra Bank, Bank ... More HOUSING FINANCE NHB mulls new scheme for weaker sections NATIONAL Housing Bank (NHB), mainly a refinancing agency, is working on a new scheme to provide direct assistance to homeless poor. The scheme is essentially aimed at helping economically weaker sections, who are not able to get loans from ... More SOCIAL WELFARE NHB mulls new scheme for weaker sections NATIONAL Housing Bank (NHB), mainly a refinancing agency, is working on a new scheme to provide direct assistance to homeless poor. The scheme is essentially aimed at helping economically weaker sections, who are not able to get loans from ... More PRIVATE BANKS Share in Govt pie only for FI-backed banks — Safeguards, eligibility criteria being finalised THE Reserve Bank of India is likely to allow only the new generation private sector banks promoted by financial institutions to handle Government business, including tax collection, pension disbursement and other expenditure ... More
Thrust on supply chain management, agri-biz — HDFC Bank bullish on corporate business PUBLIC SECTOR BANKS SBI Kerala circle loan disbursal to touch Rs 1,000 cr Plans are afoot to open five specialised branches and six general branches in Kerala circle. A commercial branch in Thiruvananthapuram is also on the agenda. More
GOVT BONDS Govt's buyback plan runs into rough weather — Banks hesitant over vague tax sops; insurers keen to protect income FACED with resistance from the large public sector banks and insurance companies, the Government's Rs 82,000-crore buy-back programme is likely to be substantially diluted. Sources said two Mumbai-based public sector banks had already conveyed ... More
Cauvery bonds may hit the market in second quarter MONETARY POLICY Monetary policy with inflation bias? LAST week, an unnamed senior official of the Reserve Bank of India quelled speculation of a repo rate cut in the near future. It must await the progress of the monsoon and trend in inflation, he said. Monday's figures brought a sharp drop in ... More CREDIT CARDS & DEBIT CARDS SBI aims to be No 1 credit card player this year STATE Bank of India (SBI) is hoping to become the No. 1 credit card company this financial year. Speaking to newspersons on the sidelines of an international seminar on `Accounting for results', Mr A.K. Purwar, Chairman, SBI said, "We are the ... More CO-OPERATIVES SC verdict on co-op staff payments hailed THE Managing Director of Andhra Pradesh State Co-operative Bank Ltd (APCOB), Mr D. Chakrapani, has hailed the Supreme Court judgment on staff payments and said the verdict would act as a big boost to the Government's efforts to streamline the ... More PEOPLE 
C S Rao takes over at IRDAMR Chellapilla Satyanarayana Rao, popularly known as C.S. Rao, the new Chairman of Insurance Regulatory and Development Authority (IRDA), plans to focus on ensuring a level-field among the insurance players in the country, both public and ... More
Udeshi is first woman RBI Dy Governor Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus SARS scare The Cable tangle Pakistan Diary Indo-Pak Monitor Indo-China Relations Telecom Competition Oil PSUs: Disinvestment dilemma NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collection NRIs & Investment Avenues Corporate Governance Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back Jun. 1-Jun. 7 Car safety ratings & insurance Retail loans spur PSBs' credit growth LIC beginning to feel the heat IRDA directive on commission to boost brokerage industry Ministry cool to banks' plea — G-secs buyback gains not into IFR kitty PSBs comfortable with medium-term lending I may go back to my accountancy: Rangachary PSU banks stay beyond SEBI purview |
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