Financial Daily from THE HINDU group of publications
Thursday, January 20, 2005
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Financial Daily from THE HINDU group of publications Thursday, January 20, 2005 |
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MONEY & BANKING FOREX Rupee tad firmer; gilts lacklustre MUMBAI: The rupee closed marginally stronger at 43.71/72 per dollar in the domestic forex market on Wednesday as against its previous closing at 43.74/75. Dealers said the domestic currency was largely tracking the movements of a strong ... More SOFTWARE Three banks adopt Oracle application The State Bank of India, UTI Bank and Development Credit Bank have all gone live on Oracle Financial Services Application (OFSA), the latter announced in a press release. The OFSA suite enables banks in funds transfer pricing, customer ... More NBFCS Magma Leasing Q3 disbursals up 23 pc; income dips MAGMA Leasing has achieved disbursements of Rs 276.47 crore for the quarter ended December 31, 2004 against the Rs 224.47 crore business done during the corresponding quarter of last fiscal, registering an increase of 23 per cent. Total ... More LIFE INSURANCE Birla Sun Life to focus on rural markets BIRLA Sun Life Insurance Company Ltd (BSLI) is planning to strategically shift its focus towards the semi urban and rural markets in an aggressive way. Disclosing this at a press conference here on Wednesday, the BSLI Chief Executive Officer, ... More
FINANCIAL POLICY UPA, Left narrow down differences over banking reforms THE United Progressive Alliance (UPA) today appears to have narrowed down differences with the Left parties over pending banking reforms by giving an assurance that the restructuring exercise would not result in any significant retrenchment in ... More RBI & OTHER CENTRAL BANKS Tough laws a cover for poor supervision? INDIA ranks 46th as of October-end 2004 among countries aligning with international banking norms and is ahead of China, which ranks 60, going by the eStandards Forum. The Forum is a private initiative assessing the implementation of standards ... More PUBLIC SECTOR BANKS 
Thrust on MF biz for more fee-based income — Andhra Bank buys 5 pc stake in Principal ventureANDHRA Bank has acquired five per cent holding in the Principal PNB Asset Management Company aimed at substantially enhancing its fee-based income in the era of falling treasury incomes. The bank has entered into a memorandum of understanding ... More NON-PERFORMING ASSETS Assets sell-off — Daewoo Motor case may be transferred out of Mumbai ALL proceedings related to the sell-off of the assets of Daewoo Motor India are likely to be shifted to the jurisdiction of the Debt Recovery Tribunal (DRT) at Delhi or Uttar Pradesh from DRT Mumbai. At a hearing at DRT Mumbai, the recovery ... More MERGERS & ACQUISITIONS 5 UCBs in fray for takeover of 2 co-op banks FIVE leading urban co-operative banks are understood to have approached the Reserve Bank of India for permission to take over two ailing Maharashtra-based co-operative banks - The South Indian Co-operative Bank and Maratha Mandir Co-operative ... More
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