Financial Daily from THE HINDU group of publications
Friday, March 18, 2005
Financial Daily from THE HINDU group of publications Friday, March 18, 2005 |
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MONEY & BANKING ACCOUNTING STANDARDS Andhra Bank to adopt US GAAP ANDHRA Bank is in the process of casting its accounts as per the accounting standards of US GAAP, the bank's Chairman and Managing Director, Mr T.S. Narayanasami, confirmed to Business Line on Thursday. Does this mean that the bank could ... More FOREX 
IMF chief cautions against using forex reservesTAPPING the country's foreign exchange reserves to fund infrastructure projects would be a mistake, according to Mr Rodrigo de Rato, Managing Director, International Monetary Fund. Addressing bankers and other delegates at a meeting organised ... More
Rupee declines; bonds edge down INFORMATION TECHNOLOGY Euronet to manage Centurion Bank ATMs CENTURION Bank has tied up with Euronet Services India for ATM outsourcing and deployment. . As per the agreement, Euronet, which is an electronic payments provider, will manage the ATM network of Centurion Bank for 5 years. "We will be ... More STOCKS 
Andhra Bank market cap at Rs 4,818 crANDHRA Bank has emerged as a $1-billion company in terms of market capitalisation. As per the closing price of Andhra Bank scrip on National Stock Exchange on Thursday at Rs 120.45, its market capitalisation works out to Rs 4,818 crore or $1.1 ... More SOFTWARE i-flex privileged partner MUMBAI: i-flex Solutions has appointed ComputerLand SA, Poland, an IT company operating in the Polish banking and financial services sector, as a "Privileged Partner" for sales and implementation of its flagship core-banking product suite, ... More HOUSING FINANCE CanFin opens new branch office in Hyderabad HYDERABAD: CanFin Homes Ltd has announced the opening of a new branch at Kukatpally here, considering it the emerging hub of housing and other development activities. The Managing Director of Andhra Pradesh State Housing Corporation ... More LIFE INSURANCE Insurance hits high tide in March YOU could call it the Tides of March. We are referring to the way life insurance policies are sold in such profusion during this month. The life insurance business is not meant to be a seasonal business. Yet, if one were to look at the ... More GENERAL INSURANCE Iffco-Tokio to launch weather insurance for farmers soon Farmers will get compensated if rains are less than normal. More PRIVATE BANKS Karnataka Bank branch in Delhi MANGALORE: Karnataka Bank has opened a branch at RK Puram in New Delhi. With this, the number of branches in the country has gone up to 376. A bank release said on Thursday that the Union Minister of State for Statistics and Programme ... More PUBLIC SECTOR BANKS 
Add-ons for Star savings accountsBANK of India (BoI) has launched a specially designed savings product called `Star Diamond Savings Account' here on Thursday. Addressing a customers' meet on the occasion, the BoI Chairman and Managing Director, Mr M. Venugopalan, said this was ... More MERGERS & ACQUISITIONS United Bank for merging RRBs in Bengal, Assam UNITED Bank of India is in favour of merging nine of its 11 RRBs (regional rural banks) on State-wise basis. "Our board has approved the merger proposal and we've recommended it to the Government," Mr K.N. Prithviraj, Executive Director of ... More PUBLIC OFFER Bank of India plans second public offer CLOSE on the heels of raising Rs 300 crore through tier-II capital issue last month, Bank of India (BoI) is now on the verge of finalising its second public offer to further augment its capital to risk assets ratio. The bank plans to offer Rs ... More CO-OPERATIVES RBI okays loan to clear dues to cotton farmers THE Reserve Bank of India has given the go ahead to the Maharashtra State Cooperative Bank to disburse Rs 1,200-crore loan for outstanding payment to the cotton farmers in the State, according to Mr R.R. Patil, Deputy Chief Minister, Maharashtra. ... More PEOPLE Bush nominates Wolfowitz to head World Bank Mr Paul Wolfowitz is a proven leader and experienced diplomat who will guide the World Bank effectively honourably, Mr Bush said. More
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Looking back Mar. 6-Mar. 12 Bank credit up by Rs 5,461 cr Chidambaram says no to withdrawal of service tax on forex payments Bankers not happy over diktat on farm credit Market stabilisation scheme may cost Centre Rs 3,000 cr this year Reality check on interest rates Insurers feel the heat of `fire' claims Insurance sector faces high rate of attrition Financiers upbeat on used car loans PSU insurers liquidate equity investments |
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