Financial Daily from THE HINDU group of publications
Tuesday, February 22, 2005
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Financial Daily from THE HINDU group of publications Tuesday, February 22, 2005 |
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MONEY & BANKING FOREX Rupee tad higher; bonds lacklustre MUMBAI: The rupee opened the week on a firm note but edged down on dollar-buying by public sector banks. However, the rupee closed at 43.81/82 levels against the dollar on Monday, a shade firmer on the previous close of 43.84/85. The ... More INFORMATION TECHNOLOGY `IT tools must for Basel II compliance' TECHNOLOGY will be the key for banks in their effort to implement the Basel II norms was the consensus at the CTO Summit, a seminar on technology in the banking sector, organised by Banknet India. Experts from the banking sector and the ... More INSURANCE MDRT membership: Many qualify, but few register OVER 2,000 insurance agents from India qualified for MDRT (Million Dollar Round Table) membership in 2004, but only 390 have registered with this global organisation. An Indian agent who earns a commission of over Rs 5 lakh, not counting ... More NBFCS Know Your Customer norms apply to NBFCs THE Reserve Bank of India has said that the guidelines it issued to banks on the `Know Your Customer' (KYC) are equally applicable to non-banking financial companies (NBFCs). All NBFCs have been advised to adopt these norms with suitable ... More PRIVATE BANKS ICICI Bank to float bonds for Rs 400 cr ICICI Bank is launching the second public offer of unsecured redeemable bonds in the nature of debentures aggregating Rs 400 crore with a right to retain oversubscription of up to Rs 400 crore, called ICICI Bank Bonds-February 2005. The issue ... More PUBLIC SECTOR BANKS Andhra Bank keen on more fee-based income THE public sector Andhra Bank, which posted a healthy 30.25 per cent rise in net profit in the third quarter ended December 31, is focusing on increasing non-interest income to keep up profitability. The bank's non-interest income was 32 per ... More CREDIT CARDS & DEBIT CARDS IndusInd Bank to launch debit card for women The bank will launch an international debit card with overdraft facility exclusively for women on March 8. The `Mahila Card' will be issued as an add-on card to the women family members of the existing customers, said Mr Varghese Thambi, Senior ... More TRADE & LABOUR UNIONS AIBOC panel's study on consolidation, FDI policies to be ready soon THE Independent Commission on Banking Policy, which was set up in October 2004 by the All-India Bank Officers' Confederation (AIBOC) to examine the developments of banking policies since 1991, is likely to come out with its report in a month, ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Feb. 13-Feb. 19 Forex reserves dip by $806 m Securities rally on surge in liquidity PSBs may be allowed to offer equity abroad — Move to ease norms for roadshows by top brass Fresh Left pressure on FDI cap hike Deloitte to advise PNB on UK subsidiary — Bank's second public offer to open on March 7 |
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