Financial Daily from THE HINDU group of publications
Saturday, June 21, 2003
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Financial Daily from THE HINDU group of publications Saturday, June 21, 2003 |
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MONEY & BANKING FINANCIAL SERVICES FOREX Rupee firms up; gilts rise Mumbai: THE rupee firmed up against the dollar on Friday. It closed at 46.5400/5450. On Thursday, the domestic currency ended at 46.55/56. The rupee opened higher, but shed its gains on account of purchase of dollars by State-run ... More
Strong rupee: FIEO seeks RBI action INSURANCE Sourcing of non-tariff business through brokers — PSUs fear cost escalation from IRDA directive PUBLIC sector companies have opposed the insurance regulator's ruling to source business through insurance brokers. They have said that this will result in escalating costs. Sources said the Insurance Regulatory and Development Authority (IRDA) ... More STOCKS Nasdaq mounts fresh pitch for Indian banks NASDAQ has mounted a fresh pitch for Indian banks — a sector that has made major advances in terms of market capitalisation in recent times. The India office of the US exchange has taken up the issue with large players, many of which have ... More
FINANCIAL PERFORMANCE Srei net up 26 pc; halves dividend to 10 pc SREI International Finance Ltd (Srei) has recorded a 26-per cent jump in net profit at Rs 19.72 crore (Rs 15.63 crore) for the year ended March 31, 2003. Announcing the annual results here on Friday, Mr Hemant Kanoria, Managing Director, said ... More HOUSING FINANCE Hudco sanctions Rs 516.35 cr for N-E States HOUSING and Urban Development Corporation (Hudco) has sanctioned loans to the tune of Rs 516.35 crore for different infrastructure and housing schemes in the north-eastern States with Assam cornering the bulk of the funding. During the ... More LIFE INSURANCE Bajaj Allianz to go after overseas travellers — Online sale of products soon; credit insurance foray on cards GENERAL insurer, Bajaj Allianz General Insurance Company is aggressively tapping the country's fast growing overseas travelling populace to garner market share in the segment. It is all set to introduce on-line purchase of its insurance product ... More
OM Kotak's premium income up GENERAL INSURANCE Iffco-Tokio ties up with co-op bodies for rural push IFFCO-TOKIO General Insurance (ITGI), in its effort to sell insurance policies in rural India, has formulated a strategy to tie up with the various apex co-operative bodies at the taluka level, by making them corporate agents. The company has ... More RBI & OTHER CENTRAL BANKS `Indian banks must expand operations in Sri Lanka' THE Central Bank of Sri Lanka is keen that Indian banks with branches in the island nation expand their business, and not confine themselves to financing only Indo-Sri Lankan trade. Mr Amarananda S. Jayawardena, Governor, Central Bank of Sri ... More PRIVATE BANKS `CUB keeping pace with changing trends' WITH just a couple of months to go to mark its birth centenary, the Kumbakonam-based City Union Bank (CUB) is gearing up to keep pace with the changing trends prevailing within the banking industry. The bank, while upgrading itself on the ... More FINANCIAL INSTITUTIONS WBIDC decides to play the role of lender — To stay way from equity investments "Bengal has become the hottest investment destination for many outside investors because of its geographical proximity to the South-East Asian countries." More
NON-PERFORMING ASSETS `Unwilful' defaulters: No blanket waiver on disclosure of names INDIA Inc's muted attempts to ensure that `unwilful defaulters' are excluded from the scope of the "consent clause" in their loan agreements with banks and financial institutions have not passed muster with the Reserve Bank of India (RBI). ... More
Changes in Act soon to check home loan NPAs 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. 8-Jun. 14 Forex reserves up $513 m LIC agrees to cut lending rates to home finance arm A window of opportunity for corporates `Sensitive' lending up 17 pc New pvt banks in no mood for rural spread Resident foreign currency a/c scope widened G-secs buyback: No special treatment for smaller banks Govt's buyback plan runs into rough weather — Banks hesitant over vague tax sops; insurers keen to protect income PSU bank stocks lose most in panic selling Public sector general insurers — Govt gets GIC stake for free Banking on Jalan at the helm |
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