Financial Daily from THE HINDU group of publications
Friday, December 19, 2003
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Financial Daily from THE HINDU group of publications Friday, December 19, 2003 |
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MONEY & BANKING FOREX 
Rupee stable; gilts declineMUMBAI: The rupee closed at 45.51/52 per dollar on Thursday, similar to Wednesday's levels in a supply driven forex market. The rupee opened at 45.49/50. Forex traders said that dollar supplies continued to flood the market, and ... More INFORMATION TECHNOLOGY Total automation of State Bank group shortly ALL the seven associate banks of the State Bank of India (SBI) are scheduled to achieve complete computerisation of their branches in the country and overseas within the next couple of months, the SBI group Managing Director, Mr Chandan ... More SOFTWARE i - flex system for Abu Dhabi bank BANGALORE: Abu Dhabi Commercial Bank (ADCB) is implementing i-flex solutions' FLEXCUBE core banking system. Scheduled to go live in the fourth quarter of 2004, the solution will facilitate the development of new tailor made products and ... More HOUSING FINANCE ADB approves $40-m loan to Dewan, Sundaram Home Fin ASIAN Development Bank has approved loans totalling $40 million to two housing finance companies (HFC) — Dewan Housing Finance Corporation and Sundaram Home Finance Ltd, to fund mortgage loans. The loans will provide long-term fixed rate ... More GENERAL INSURANCE 
Motor third party covers — Public sector insurers seek level fieldTHE four public sector general insurance companies have sought the intervention of the Government and the Insurance Regulatory and Development Authority (IRDA) for ensuring the participation of the private sector in statutory covers. The ... More CREDIT RATING ICRA upgrades Tata Motors' NCD issues ICRA has upgraded the long-term rating assigned to the Rs 300-crore and Rs 250-crore NCD programmes of Tata Motors Ltd (TML), from `LAA' to `LAA+'. "The upgrade factors in the significant improvements achieved by TML in its cost structure is ... More PRIVATE BANKS IDBI may sell stake in IDBI Bank INDUSTRIAL Development Bank of India (IDBI) may sell its stake in IDBI Bank Ltd before merging itself with a public sector bank. Speaking to Business Line on the sidelines of a workshop series on corporate governance organised by ... More PUBLIC SECTOR BANKS Andhra Bank donates Rs 81 lakh to B-school ANDHRA Bank has donated Rs 81 lakh towards building fund of the School of Management and Business Administration of Sri Venkateswara University in Tirupati. The Andhra Bank Executive Director, Mr R. Balakrishnan, handed over the draft for Rs 81 ... More
Indian Bank offers loan for vanilla cultivation
CORPORATE BONDS JNPT to float second bond issue on Dec 22 FRESH from the overwhelming success of its first bond issue, Jawaharlal Nehru Port Trust (JNPT) will launch its second issue on December 22 to raise Rs 75 crore from the market with a green-shoe option of Rs 50 crore to help prepay the ... More NON-PERFORMING ASSETS BoI takes over hospital for dues BANKS have started to leap forward by taking possession of properties of wilful defaulters of loans under the Securitisation Act, 2002. Bank of India for instance, has taken possession of all the securities of M.K. Selvaraj Children's Hospital ... More INTERVIEW 
`We'll try to replicate auto finance success in other sectors' — Mr Uday S. Kotak, Executive Vice-Chairman and MD, Kotak Mahindra BankMR Uday S. Kotak, no stranger to the world of finance, but the latest to wear the tag of "banker", is keen to dispel the impression that his new bank is just another in a long line of banks. He takes pains to point out that his organisation ... More PEOPLE Bhattacharya appointed SBI Managing Director MR Chandan Bhattacharya has been appointed as Managing Director of State Bank of India. Prior to his appointment, Mr Bhattacharya was the Deputy Managing Director & Group Executive (Associates, Subsidiaries & Corporate Banking), said a press ... 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 Steel Industry in 2003 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 Dec. 7-Dec. 13 Forex kitty up $ 698 m RBI's sterilisation report: Mild tremors in the market `Lending rates to fall with new PLR' Telgi scam effect — Banks to source stamp paper from treasury |
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