Financial Daily from THE HINDU group of publications
Wednesday, December 10, 2003
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Financial Daily from THE HINDU group of publications Wednesday, December 10, 2003 |
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MONEY & BANKING MODERNISATION House panel for speedy completion of mints projects THE Standing Committee on Finance has pulled up the Department of Economic Affairs and Expenditure for not taking "a serious view of the existing shortfalls of coins" in the country as this is borne out by the slow pace of modernisation of ... More FINANCIAL SERVICES Visa posts big growth in India VISA has recorded a substantial growth in the issue of number of cards, card sales volume and retail sales volume in India. According to a Visa India press release, in the third quarter ended September, the total number of Visa cards touched ... More AWARDS & HONOURS Corporation Bank receives Forbes award MANGALORE: Corporation Bank, which has been adjudged as one of the best 200 "under a billion" companies in the world outside the US by the Forbes magazine, received the award at Hong Kong recently. The General Manager of the ... More INSIGHT US Fed: Words drive markets "NEVER in history have so many owed so much to so few" was Winston Churchill's stirring praise of the RAF's defence of London from German bombing during World War II. "Never in history have financial markets been spooked so much by two words" ... More FOREX Rupee volatile; gilts rule steady MUMBAI: The rupee experienced much intra-day volatility and closed at 45.5300/5350 on Tuesday against the dollar, similar to Monday's closing levels of 45.5550/5650. The domestic currency opened the day higher at 45.46/47, which is the ... More INSURANCE Insurance broker showcases non-life products STRATEGIC Insurance Services Private Ltd (SIS), an insurance broker, has opened the `first' insurance showroom here, offering info on various insurance products being offered by the 12 non-life insurance companies in the country. The facility, ... More
Panel against allowing corporates into actuarial profession SOFTWARE CA solutions for Shamrao Vithal Co-operative Bank BANGALORE: Computer Associates International Inc (CA) on Tuesday announced that Shamrao Vithal Co-operative Bank Ltd, one of the oldest co-operative banks in Asia, has deployed CA's Unicenter family of solutions to simplify IT ... More LIFE INSURANCE Aviva Life to expand equity base AVIVA Life Insurance India, the insurance joint venture between Dabur and the UK-based Aviva Plc, has decided to pump in further equity of Rs 80 crore shortly. "We have recently brought in Rs 45 crore funds to take the capital base to around Rs ... More CREDIT RATING Crisil raises Tata Fin outlook to `positive' THE rating agency Crisil has revised the rating outlook for Tata Finance Ltd to `positive' from `stable'. The outlook reflects a significant improvement in the company's earnings profile and an expectation that the company will report a net ... More RBI & OTHER CENTRAL BANKS 3,500 RBI staff opt for optional early retirement scheme AROUND 3,500 employees have so far opted for the optional early retirement scheme (OERS) offered by the Reserve Bank of India. The last date for accepting the application is December 31. The RBI has a total staff strength of around 28,884. ... More PUBLIC SECTOR BANKS INTEREST RATES 
`Lending rates to fall with new PLR'THE average lending rates are likely to come down once banks adopt the new benchmark prime lending rate (PLR) which comes into effect from January 1, 2004, the Reserve Bank of India's Deputy Governor, Ms K.J. Udeshi, has said. The central bank ... More MERGERS & ACQUISITIONS HSBC open to hiking stake in UTI Bank HONGKONG and Shanghai Banking Corporation Ltd (HSBC) may increase its stake in UTI Bank as and when the banking legislations change and other shareholders in the private bank express clarity on their interests, according to Mr Niall S.K. Booker, ... More EVENTS Becon `03 to be held in Mumbai from Thursday THE two-day Bank Economists' Conference 2003 (BECON) will be held in Mumbai from December 11. The theme of the conference is "Indian Banking -Moving towards Globalisation," said Mr V. Leeladhar, Chairman, Indian Banks Association, here ... More PEOPLE HDFC Bank official may join YES Bank MR H. Srikrishnan, Country Head (Transactional Banking & Operations), HDFC Bank, is expected to join the top management team of the yet-to-be-set-up YES Bank.and could possibly even head it. According to industry sources, Mr Srikrishnan is ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
 Mid-Term Monetary and Credit Policy for the year 2003-2004 Pick a Winner Stock Market Contest
Top Stories In Focus Outsourcing backlash Stamp paper scam Housing finance scenario Insurance Round-up — 2003 Organic farming The Cable tangle Telecom Competition Oil PSUs: Disinvestment dilemma Rising intolerance (The Hindu) Vaishnavaite Temples in Tamil Nadu (The Hindu) Saivite Temples in Tamil Nadu (The Hindu) In Depth Insurance Corner Swati CA Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Iraq Diary Looking back Nov. 30-Dec. 6 `Indian banks poised for further growth' PSBs finalise new PLR formula The missing linkages for borrowers Consolidation boosts bank stocks Benchmark PLR may be in double digits |
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