Financial Daily from THE HINDU group of publications
Wednesday, August 27, 2003
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Financial Daily from THE HINDU group of publications Wednesday, August 27, 2003 |
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MONEY & BANKING REGIONAL RURAL BANKS No new licences for local area banks THE Reserve Bank of India has said that no new licenses will be issued for Local Area Banks (LABs). The apex bank has arrived at this decision in consultation with the Centre, after taking into account the recommendations made by the review ... More FOREX Rupee stronger; bond prices firmer MUMBAI: The rupee closed stronger at 45.8750/8850 against the dollar on Tuesday, up from Monday's close of 45.91/92, slowly recovering from the bomb blasts in Mumbai. The dollar inflow was lesser than usual, said dealers. "FII monies ... More INSURANCE Reinsurers reviewing India risk ratings THE Mumbai blasts have halted the softening trend of reinsurance rates for India-specific catastrophe risk covers and are now expected to directly impact domestic insurance premiums. Sources said that global insurers have begun once again ... More NBFCS Tata Fin may be allowed to accept FDs again TATA Finance Ltd is likely to get the Reserve Bank of India's approval to accept fixed deposits once again. The company had been prohibited from accepting deposits a couple of years ago, when it was unable to meet the capital adequacy norms set ... More CREDIT RATING PRIVATE BANKS HDFC Bank in pact with Reliance Infocomm HDFC Bank, in association with Reliance Infocomm and Schlumberger, has introduced `mobile' point of sale terminals, which will permit customers to pay at their doorstep through a plastic card. However, as of now, one can pay only for very ... More FINANCIAL INSTITUTIONS IDBI Bank chief sees clear roadmap ahead TWO major constraints that hampered the asset growth of IDBI Bank — starvation of capital and uncertainty over merger with its parent, IDBI — have now been left behind. And this is what makes the IDBI Bank Acting Chief Executive ... More GOVT BONDS Yield differential touches lows BOND markets were caught on the hop when the Reserve Bank of India suddenly slashed 50 basis points off its repo rate, bringing it down from 5 per cent to 4.5 per cent. Just days earlier, the RBI Governor, Dr Bimal Jalan, made a casual remark ... More CREDIT CARDS & DEBIT CARDS BoB Cards, Bank of Rajasthan to offer co-branded Visa card BOB Cards Ltd, a wholly-owned subsidiary of Bank of Baroda, today signed an MoU with Bank of Rajasthan, to co-brand an international Visa Electron Debit Card. The card will be accepted at 6000 Visa ATMs in India and 8,10,000 ATMs ... More CO-OPERATIVES Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Cola Controversy The Cable tangle Pakistan Diary Indo-Pak Monitor Indo-China Relations Telecom Competition In Depth In Kashmir Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Corporate Governance Looking back Aug. 17-Aug. 23 Syndicated loans: SBI top book-runner Dr Jalan bids adieu to RBI Low-premium health insurance — PSU insurers set to lose over Rs 10,000 cr Govt unveils credit package for small sector — Rates on SFC loans lowered; interest deferral for SIDBI Micro-credit: Postal dept, banks in talks FIIs hiking stake in bank stocks Young queue up for Varishtha plan Bad debts: PSBs in recovery mode |
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