Financial Daily from THE HINDU group of publications
Tuesday, January 04, 2005
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Financial Daily from THE HINDU group of publications Tuesday, January 04, 2005 |
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MONEY & BANKING FOREX Bonds recoup losses; rupee holds steady MUMBAI: Bond prices rallied by around one rupee across maturities on Monday, with yields softening on account of the surplus rupee liquidity in the system. The benchmark 10-year paper, the 7.38 per cent 2015 paper closed at Rs 106.40 ... More INSURANCE Law panel for review of Insurance Act `In the changing economic scenario, IRDA has to play a vital role for the regulation and development of insurance business.' More RBI & OTHER CENTRAL BANKS RBI may hike investment fluctuation reserve PUBLIC sector banks have been quietly sounded about a possible increase in the investment fluctuation reserve (IFR) from the current level. Already most of the banks have reached the prescribed IFR threshold of 5 per cent of their respective ... More PRIVATE BANKS Centurion Bank shareholders okay changes to clause CENTURION Bank has received shareholders' approval for altering the "objects" clause in its Memorandum of Association. The alteration involved the inclusion of "bancassurance" among the businesses being done by the bank. The Insurance ... More
PUBLIC SECTOR BANKS Andhra Bank raises Rs 200 cr via bonds HYDERABAD: Andhra Bank has raised Rs 200 crore subordinated debt bonds on January 3 for a period of 111 months at a coupon rate of 7.25 per cent per annum. The debt bonds were fully subscribed the same day, the Bank said in a press ... More FINANCIAL INSTITUTIONS 
IFC loan sanctions at $235 m in 2004INTERNATIONAL Finance Corporation (IFC), Washington, the private sector funding arm of the World Bank,) committed $235 million (around Rs 1,035 crore) to various projects in India in the calendar year 2004. This, however, was lower than over ... More NON-PERFORMING ASSETS 
OBC files complaints against 5 GTB borrowers — Due diligence shows `serious financial improprieties'ORIENTAL Bank of Commerce has filed criminal complaints with the Central Bureau of Investigation against five borrowal accounts of the erstwhile Global Trust Bank for having caused "wrongful loss" to the bank. Global Trust Bank (GTB) was ... More
Shonkh Tech denies siphoning GTB funds Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment The Yuan Revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Dec. 26-Jan. 1 AIBOC to go on strike if Govt moves to merge Union Bank, BoI Forex reserves up $924 m Credit card usage in India still low: Survey RBI package for tsunami-hit States Claims apart, do banks care for the poor? 2004: A mixed bag for banks Treasury profits decline for banks, FIs, insurers — Dividend receipts may take a hit |
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