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Tuesday, February 15, 2005
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MONEY & BANKING

FOREX


Rupee tad higher; securities weak
MUMBAI: The rupee gained about 6 paise on Monday to close at 43.76 per dollar compared to the Friday close of 43.8250/8300. The Indian unit opened firm at 43.70/72, and appreciated to 43.64 as the euro and the yen made modest gains ... More

PRIVATE BANKS


TMB loan mela
TAMILNAD Mercantile Bank sanctioned Rs 8 crore at a spot sanction camp held at Pavoorchatram recently, "as part of an aggressive marketing strategy." The loans, totalling 235, included 38 tractor loans, 56 kisan credit cards, five PMRY loans, ... More

PUBLIC SECTOR BANKS


PSBs may be allowed to offer equity abroad — Move to ease norms for roadshows by top brass
The move is part of the proposed enhanced managerial autonomy package being drafted for the public sector banks by the Government. More

FOREIGN BANKS


ABN-Amro Bank on expansion drive
ABN-Amro Bank is all set to go on a branch expansion drive and increase its presence across the country. The Executive Vice-President and Country Representative, India, Mr Romesh Sobti, told newspersons here the bank was all set to increase ... More

EVENTS


Insurance awareness week
THIRUVANANTHAPURAM: Indian Overseas Bank (IOB), the Lead Bank for Thiruvananthapuram district, and the Thiruvananthapuram Division of the National Insurance Company are jointly observing an Insurance Awareness Week from Wednesday. Mr ... More

PUBLIC OFFER


Bank of Baroda gets nod for public issue
BANK of Baroda has received approval from the UnionGovernment for its second public issue of 7.1 crore equity shares. The shares will be priced at Rs 10 each with a premium. The bank's board will meet on February 25 to finalise the details , ... More

Federal Bank moving nearer to second public issue this year
FEDERAL Bank is "seriously considering" coming to the capital market during the 2005 calendar year. The bank's capital adequacy ratio is 12 per cent now. With credit growing at over 11 per cent and pressures on capital from having to comply ... More



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Feb. 6-Feb. 12
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How ready is RBI for Basel-II transition?


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