Financial Daily from THE HINDU group of publications
Friday, July 04, 2003
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Financial Daily from THE HINDU group of publications Friday, July 04, 2003 |
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MONEY & BANKING INVESTMENTS As RIB redemption draws closer — SBI Mutual plans fresh schemes for NRIs THE first indications that the State Bank of India group is serious about retaining the money that is expected to flow out on redemption of the Resurgent India Bond have come in. SBI Mutual Fund has worked out an income scheme — Magnum ... More INSIGHT MARK TO MARKET Govt bonds: What price the buyback? THE Union Government wants to buy back some of the high-coupon bonds it issued earlier. The buyback programme has been mooted because these bonds are considered high-cost debt to the government. A debate is raging on the price the government is ... More FOREX Rupee up; gilts range-bound Mumbai: THE rupee ended at 46.3975/4050 against the dollar on Thursday, marginally up from Wednesday's closing at 46.4150/4250 in a flat forex market. According to forex dealers, the market was very thin with not much movement in the spot. ... More INFORMATION TECHNOLOGY INFINET going in for new design INDIAN Financial Network (INFINET), the communication backbone for the Indian banking and financial services industry spearheaded by the Institute for Development and Research in Banking Technology (IDRBT), a Hyderabad-based research institute ... More STOCKS 
Bank stocks back in limelightAFTER a lull for a month, banking sector stocks — both from public and private sector — were in limelight on Thursday backed by heavy buying from institutional investors. The active buying in the bank stocks was for varied reasons ... More
SBI crosses Rs 400-mark SOFTWARE Infosys to deploy FinacleTM suite for Saudi Arabian bank INFOSYS Technologies Ltd has announced that National Commercial Bank, Saudi Arabia, has selected FinacleTM suite of banking solutions for its delivery channels initiative. Infosys would be deploying FinacleTM eChannels (its powerful consumer ... More HOUSING FINANCE Multilateral institutions eye Indian housing finance sector The offer by multilateral institutions comes even as some of the past borrowings from them are in the process of being prepaid. More
SBI home loan package for Kerala varsity staff GENERAL INSURANCE New India to provide cover to SBI loanees THE New India Assurance Company Ltd and the State Bank of India have tied up to provide accident insurance cover to all loanees of the bank availing housing and car loans. The insurance scheme has been designed such that the premium will be ... More RBI & OTHER CENTRAL BANKS Indian appointed IMF Chief Economist THE International Monetary Fund (IMF) has appointed Dr Raghuram Rajan, Professor of Global Finance at the University of Chicago, has its new Chief Economist. The timing of the 40-year-old Dr Rajan's selection to the high-profile post - ... More PUBLIC SECTOR BANKS FINANCIAL INSTITUTIONS SIDBI gets two overseas orders SMALL Industries Development Bank of India (SIDBI) has received two overseas assignments to help set up development financial institution for small-scale industries. "The governments of Ivory Coast and Egypt have sought our help in order to set ... More ALLIANCES & JOINT VENTURES Dubai Bank in pact with ICICI Bank DUBAI Bank, the recently established bank in the UAE, has entered into an institutional arrangement with ICICI Bank. Under the new arrangement, ICICI Bank would be the principal correspondent bank of Dubai Bank, in India. The arrangement will ... More CO-OPERATIVES Prudential Bank staff panel seeks revival package THE steering committee of employees of Prudential Bank, the Hyderabad-based ailing urban co-operative bank, has met the Member of Parliament, Ms Renuka Chowdhary, here on Thursday and requested her to recommend a revival package to the bank. In ... More TRENDS Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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