MONEY & BANKING
FOREX
Rupee stronger; gilt prices up
MUMBAI: The rupee moved up to end on a stronger note on Thursday as the US currency lost ground overseas against the euro and other major international currencies. The domestic currency ended at 43.7650/7750 against the dollar, seven ...
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HOUSING FINANCE
ICICI Home Fin sees growth from Tier II cities
THE real estate market in the country is showing a healthy growth with disposable incomes and easily available housing finance catalysing growth. ICICI Home Finance said here on Wednesday new growth for the company was coming from centres ...
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GENERAL INSURANCE
Terror risk premia sharply down
HAMSTRUNG by high insurance costs, corporate India has a reason to cheer the New Year. Terror risk premia have been drastically reduced. In a circular issued to all the non-life insurers in the country, the Tariff Advisory Committee of the ...
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Syndicate Bank, United India sign pact for health insurance
SYNDICATE Bank and United India Insurance Company Ltd (UIIL) have tied up for a health insurance policy branded as "Syndarogya" Speaking to reporters here today, Mr K.M. Shet, acting Chairman and Managing Director of Syndicate Bank, said the ...
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RBI & OTHER CENTRAL BANKS
GDP to grow at 6-6.5 pc, says RBI
GROWTH prospects of the Indian economy remain strong and the overall GDP growth for 2004-05 is expected to remain in the 6-6.5 per cent range, according to the Reserve Bank of India's (RBI) report on Currency and Finance 2003-04, released on ...
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PRIVATE BANKS
IndusInd Bank plans to hike capital by Rs 130-150 crore
INDUSIND Bank said it plans to increase its capital base by Rs 130-150 crore either through a Tier II bond issue or an equity issue. Its equity capital was Rs 290.42 crore as on September 30, 2004. The bank plans to raise this additional ...
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Time PM cleared the haze over foreign stake in banks
THE Report on Currency and Finance 2003-04 of the RBI wants an inflation mandate from the Central Government. "While there is a growing consensus on the acceptable rate of inflation, this needs to be better articulated, formalised and perhaps ...
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Catholic Syrian Bank to market SBI MF plans
THE Catholic Syrian Bank has decided to market the products of SBI Mutual Fund. An agreement to this effect was signed between Mr N.R. Achan, Chairman of CSB, and Mr P.G.R. Prasad, Managing Director of SBI Funds Management, at Thrissur on ...
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Dhanalakshmi Bank eyes Dubai
PUBLIC SECTOR BANKS
PNB seeks to open office in Dubai
PUNJAB National Bank is planning to open a representative office in Dubai in the New Year as part of the moves to promote the PNB brand overseas and globalise its operations, a senior official of the bank said. Dr K.C. Chakrabarty, Executive ...
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CREDIT CARDS & DEBIT CARDS
Vijaya Bank plans more city-specific credit cards
VIJAYA Bank has proposed to introduce a series of city-specific credit cards, aimed at providing discounts and other special offers to cardholders at select outlets. The first of its initiatives was rolled out recently in the East, where the ...
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Cross Currency Rates
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