Financial Daily from THE HINDU group of publications
Wednesday, September 17, 2003
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Financial Daily from THE HINDU group of publications Wednesday, September 17, 2003 |
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MONEY & BANKING FOREX Rupee falls sharply; gilts gain 40 paise MUMBAI: In what is perceived to be a knee-jerk reaction to the new cap imposed on NRE deposit rates, the rupee fell by 10 paise to close at 45.89/90 down from Monday's close of 45.7950/8050 against the dollar. There was apprehension in ... More INFORMATION TECHNOLOGY SBM to computerise all branches by next year STATE Bank of Mysore (SBM) will computerise all its 615 branches by the end of June 2004, and the first phase of branch networking covering 300 major branches will also be completed by that time, Mr M. Sitarama Murty, Managing Director, has ... More NBFCS Madras HC declines to set aside order on winding up of finance co — Appoints administrator THE Madras High Court has refused to set aside the order for winding up of the Chennai-based Fidelity Finance Ltd. It ordered appointment of a full-time administrator to recover the amounts due to the company in liquidation from various borrowers ... More CONSUMER FINANCE Escorts ties up with UCO Bank LEADING tractor maker Escorts Ltd on Tuesday launched a special tractor finance scheme for farmers in association with UCO Bank. The `UCO Escorts Krishi Jyothi' scheme would provide 100 per cent finance facilities to buyers of Escorts tractors ... More CREDIT RATING Crisil sees good business in risk management CRISIL is looking for acquisitions, both in India and abroad. A few options are under consideration, the company's CFO and Director, Mr D. Ravishankar, has told Business Line. He also said that the company was sitting on a cash pile of ... More PRIVATE BANKS A compensation beyond the call of banking duty CUSTOMERS' problems with call centres might not be new, but the fact that a leading bank responded to the persistence of a harried citizen and paid him a `princely' sum of Rs 8.40 as compensation for his troubles, could indeed be rare. ICICI ... More PUBLIC SECTOR BANKS PSBs eyeing `good' assets of FIs A CLUTCH of public sector banks are preparing to take out some of the standard assets of financial institutions in a bid to increase the size of their asset books. Top bankers said among the institutions being targeted for such asset buyouts ... More FINANCIAL INSTITUTIONS SIDBI signs pact with Oriental Bank NEW DELHI: Small Industries Development Bank of India (SIDBI) and Oriental Bank of Commerce (OBC) have entered into a memorandum of understanding to work together on projects related to the small-scale, infrastructure and service sectors. ... More INTEREST RATES RBI discourages repatriable bank deposits RBI has come to terms with the fact that the rupee is extremely undervalued in purchasing power parity terms. More
RBI asks IBA to prepare report on PLR system
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