Financial Daily from THE HINDU group of publications
Friday, April 22, 2005
Financial Daily from THE HINDU group of publications Friday, April 22, 2005 |
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MONEY & BANKING FOREX 
Software czars, economists and other animals
Bonds volatile; rupee in range INSURANCE Insurance surveyors oppose changes to Section 64 of Act IN the backdrop of the Law Commission recommendations to amend the Insurance Act, the Institute of Insurance Surveyors and Adjusters has opposed changes to provisions of Section 64 UM of the Act. Such changes, in their view, would result in ... More FINANCIAL PERFORMANCE 
Corporation Bank Q4 net down 10 pcCORPORATION Bank's fourth quarter net profit fell nearly 10 per cent over the year-ago period mainly on account of higher provisioning for bad loans and lower income from investments in bonds. Net profit for the full year ended March 31, 2005 ... More
CONSUMER FINANCE Allahabad Bank loans for Mahindra tractors ALLAHABAD Bank has signed a memorandum of understanding with Mahindra Gujarat Tractor Ltd for financing the Hindustan brand tractor under a special finance scheme. The minimum land holding criteria for getting a tractor loan has been reduced to ... More LIFE INSURANCE AMP Sanmar Life plans expansion AMP Sanmar Life Insurance Company Ltd wants to establish branches within 100 km distance of each other in southern India in the next two years. Addressing presspersons here on Thursday, the Director and Chief Operating Officer of AMP Sanmar, ... More CORPORATE BONDS WBIDFC set to close bonds issue with Rs 1,000-cr mop-up THE West Bengal Infrastructure Development Finance Corporation (WBIDFC) is set to close its on-going issue of bonds with a collection of Rs 1,000 crore. The proceeds, which will be used to support a clutch of infrastructure projects taken up by ... More CREDIT MARKET 
Andhra Bank advances up to Rs 17,000 crANDHRA Bank's credit grew by about 30 per cent to around Rs 17,000 crore, the bank's Executive Director, Mr R. Balakrishnan, said today. Two lines of retail portfolio grew significantly. Education loan disbursements amounted to about Rs 250 ... More TRADE & LABOUR UNIONS Federal Bank union calls for strike The union has demanded that appointments should be made to all the vacancies in the bank, that promotions be given to the various sub-staff, contracts enforced and other demands of the employees met. The action committee of the Union, which met ... More CO-OPERATIVES Radhe Shyam Jaju assumes as MD for AP Mahesh Coop Bank HYDERABAD: Mr Radhe Shyam Jaju has assumed office as Managing Director and Chief Executive Officer of AP Mahesh Co-operative Urban Bank. According to a bank release, he held a similar position at Mahesh Sahakari Bank at Pune. ... More ECONOMIC OFFENCES Rs 40 lakh stolen from SBI's Dondaparthy branch CASH and gold worth over Rs. 40 lakh were stolen from State Bank of India's Dondaparthy branch here on Wednesday night. The value of gold and jewellery was estimated at Rs 17.52 lakh and the rest was in cash (Rs 22.96 lakh). According to ... More TRENDS Bank deposits losing favour with NRIs "Due to the fickle nature of NRI deposits in the recent past and rapidly thinning margins, they are no longer the key source for raising resources to several banks. Now it is just one among several such sources," Mr A. Sethumadhavan, Chairman of ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's 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 Apr. 10-Apr. 16 Forex reserves rise by $297 m Bank unions to take merger battle to people Pvt bankers see rich harvest in agri credit ICICI Group forays into realty — Arm sets up dedicated fund; partners Tishman Speyer OBC recovers part of Global Trust NPAs IDBI to raise Rs 10,000 cr via bonds |
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