Financial Daily from THE HINDU group of publications
Friday, October 24, 2003
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Financial Daily from THE HINDU group of publications Friday, October 24, 2003 |
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MONEY & BANKING FOREX Small banks using forex deposit proceeds for retail lending The banks most active in these kind of dealings were from Kerala, which have a large foreign currency deposits mostly by way of inward remittances from non-resident Indians. More
Rupee firms up; securities decline FINANCIAL PERFORMANCE 
Dena Bank Q2 profit rises to Rs 71.60 crAIDED by lower cost of funds and a rise in its non-interest income, Dena Bank Ltd has recorded a substantial jump in net profit at Rs 71.60 crore for the second quarter ended September 2003, as against Rs 8.46 crore in the corresponding period ... More
Catholic Syrian Bank H1 net at Rs 29 cr CONSUMER FINANCE Banks can extend consumer loans below prime rate THE Reserve Bank of India has told banks that they can now extend consumer loans below the prime lending rate (PLR). In a circular to commercial banks, RBI has said, that it has decided to withdraw its earlier restrictions that banks should not ... More LIFE INSURANCE Syndicate Bank joins hands with Allianz Bajaj SYNDICATE Bank has tied up with Allianz Bajaj to launch life insurance products. The products are initially launched in 11 branches and will be extended to 200 branches by the end of this fiscal. The Chairman and Managing Director of ... More PRIVATE BANKS ICICI Bank securitisation issue ICICI Bank has securitised mortgage-backed securities aggregating Rs 364.4 crore, the private placement is said to be the largest of its kind in India. The issue received commitments and subscriptions from diverse investors such as state-run ... More
PUBLIC SECTOR BANKS State Bank of Travancore to offer loan against NSCs, KVPs STATE Bank of Travancore (SBT) has launched a new scheme to extend loans against National Savings Certificates and Kissan Vikas Patras. Individuals having NSCs/KVPs in their own name or jointly with another person can avail themselves of the ... More INTEREST RATES PLR: Will RBI answer IBA's prayers in Credit Policy? There is concern in the RBI as well as in Parliament about the divergent interest rates prevailing in the banking system. More GOVT BONDS RBI bond auction undersubscribed MUMBAI: The RBI auction of the 4.83 per cent 2005 paper for Rs 3,500 crore, as part of its open market operations, was undersubscribed on Thursday, receiving a total of 111 bids amounting to Rs 2,773 crore. Of these, the apex bank ... More TRADE & LABOUR UNIONS Insurance staff seek wage hike KOCHI: The 13th annual conference of the Insurance Employees Union (IEU) Ernakulam division, affiliated to the All India LIC Employees Federation, has appealed to the management to revise wages keeping in view LIC's financial strength. ... More IPOS Second public issue from Dena Bank DENA Bank Ltd has decided to go in for a second public issue of Rs 80 crore shortly. The banks board at its meeting held here on Thursday has approved raising of equity share capital to increase the issued, subscribed and paid up capital of the ... More NEW PRODUCTS & SERVICES Karnataka Bank credit scheme MANGALORE: Karnataka Bank Ltd has launched a new credit product, `KBL Insta Cash,' to meet immediate cash requirement for consumption purpose. The loan amount under the scheme ranges from Rs 5,000 to Rs 5 lakh with necessary margin and ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus The Cable tangle Telecom Competition Oil PSUs: Disinvestment dilemma In Depth Swati CA In Kashmir Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Corporate Governance Iraq Diary Looking back Oct. 12-Oct. 18 Why no future for interest rate futures Corporate treasury desk gets higher profile End game in global rate-cutting cycle No trickledown yet of falling rates `Allow us to prepay loans or reset interest rates' — We'll look elsewhere, States tell LIC, GIC There is enough room for all in health cover |
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