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Friday, November 28, 2003
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MONEY & BANKING

INSIGHT


Jaswant has set the cat among pigeons
Is a case being made for conversion of some NBFCs such as Sahara and Peerless into banks? Nobody is sure. More

FOREX


Rupee may stay volatile on dollar crunch
There is an underlying sense of nervousness creeping into the market on account of an emerging anomaly between the spot and forward markets. More

Rupee moves up; securities listless
MUMBAI: The rupee closed marginally stronger on Thursday at 45.8850/89 per dollar. The domestic currency opened at 45.88/90 and strengthened to 45.86 levels during intra-day, before settling to close a tad lower. According to dealers, ... More

SOFTWARE


Indonesian bank adopts CashTech's new platform
AIMED at tapping the growing demand from the Indian and foreign banks for cash management solutions, CashTech Solutions India Pvt Ltd, a premier cash management solutions provider, has announced the launch of its next generation cash management ... More

RBI & OTHER CENTRAL BANKS


World Bank to change procurement norms
THE World Bank is slated to change the guidelines for procurement and funding projects in various countries, according to Mr Armando Araujo, Director, Procurement Policy and Services Group, and Head, Procurement Board. The new guidelines are ... More

PRIVATE BANKS


New private banks `weeding out' corporate salary accounts
LEADING new private banks, aggressive to grow their businesses and build volumes, are in "weeding out" mode as many corporate salary accounts are seen to be "non-remunerative". IDBI Bank recently closed about 11,000 corporate salary accounts ... More

CSB goes for new logo, corporate image
THE Catholic Syrian Bank Ltd has unveiled a new logo and corporate image for the bank on the occasion of its 84th foundation day. The new logo was unveiled by Mr V. Krishamurthy, Banking Ombudsman for Kerala and Lakshadweep, at a function held ... More

LKB to open Kabul branch
AS part of its expansion programme overseas, the Kerala-based Lord Krishna Bank Ltd (LKB), is in the process of opening a branch in the Afghan capital, Kabul. The bank had applied for the RBI licence and the approval was awaited, Mr R.M. ... More

PUBLIC SECTOR BANKS


  • State Bank staff decry Govt move
  • SBT donation to Kerala varsity
  • Karnataka: More Hindi usage stressed

    INTEREST RATES


    IBA details to banks formula on benchmark PLR
    BANKS will soon be required to come out with a `benchmark PLR', a transparent rate that works as a reference rate around which the lending to various customers would revolve. Announcing this on the sidelines of a meeting on Thursday, the IBA ... More

    MERGERS & ACQUISITIONS


    ALF seems right fit for IndusInd
    IT now looks more than probable that Ashok Leyland Finance (ALF), a leading NBFC, will be merged with IndusInd Bank. The formalities remain of course - but given that both institutions belong to the Hinduja group, they can be expected to be ... More

    TRADE & LABOUR UNIONS


  • Kerala: Bank staff hold dharna

    EVENTS


    Money matters
    The RBI Governor, Mr.Y. V. Reddy, coming out of the Chief Minister, Mr. Buddhadeb Bhattacharjee's room after a meeting at the Writer's Building in Kolkata on Thursday. ... More
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  • The Hindu eBooks

    Mid-Term Monetary and Credit Policy for the year 2003-2004

    Pick a Winner Stock Market Contest

    Top Stories
    More client wins than losses for IT majors


    Rabi pulses, oilseed sowing gathers pace

    Plan afoot to maximise tax collection

    Stamp paper scam: How Telgi exploited loopholes

    A people's car for Rs 1 lakh — Can Ratan Tata's dream be realised?

    Jaswant has set the cat among pigeons

    In Focus
    Housing finance scenario
    Insurance Round-up — 2003
    Rising intolerance
    (The Hindu)
    Vaishnavaite Temples in Tamil Nadu
    (The Hindu)
    Saivite Temples in Tamil Nadu
    (The Hindu)
    Organic farming
    The Cable tangle
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    In Depth
    Insurance Corner
    Swati CA
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Iraq Diary

    Looking back
    Nov. 16-Nov. 22
    Forex reserves rise $ 613 m

    World Bank may transfer `complex' jobs to Chennai

    Banks recover Rs 499 cr via Act

    First quarter show improves on tight spending, lower interest

    Treasury gains, major source of banks' income


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