Financial Daily from THE HINDU group of publications
Tuesday, May 03, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 03, 2005 |
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MONEY & BANKING INSIGHT Monetary policy: Transparent and responsible REACTIONS to the Annual Monetary Policy Statement for 2005-06 issued by the Reserve Bank of India (RBI) range from compliments — "right emphasis on growth and liquidity"— to complaints — "more inward looking than ... More FOREX Rupee weakens; bonds steady MUMBAI: The rupee weakened against the greenback on Monday and ended at 43.5750/58 as importers bought dollars to cover their positions. The rupee had closed at 43.54/55 on Friday. The rupee opened at 43.55/56, inched down to 43.61 and ... More SOFTWARE Newgen offers solutions for `cheque truncation' NEWGEN Software Technologies is ready with a stack of products that support cheque truncation (the use of electronic or scanned image of a cheque for processing). This technology, when implemented, would transform the working of the Indian ... More CONSUMER FINANCE Andhra Bank, Kirtilal tie-up HYDERABAD: Expanding its retail credit portfolio, Andhra Bank has tied-up with Kirtilal Kalidas & Company, a leading jewellers to extend loans for the purchase of jewellery. Announcing this here, the bank Chairman and Managing Director, ... More DEBT MARKET RBI cut-off rate for gilts auction THE Reserve Bank of India has set the cut-off rate for underwriting bids by primary dealers for the auction of the 7.55 per cent Government Stock 2010 at 13 paise per Rs 100 and the 7.50 per cent Government Stock 2034 paper at 24 paise per Rs ... More PRIVATE BANKS HDFC Bank loyalty plan for cardholders HDFC Bank has launched a loyalty rewards programme for its debit and credit cardholders, which bank officials say is superior to what competitors have to offer and will help increase cards usage and average card spend. Under the scheme, named ... More
Karnataka Bank opens office in Kolkata FINANCIAL INSTITUTIONS Govt planning to dilute stake in IDFC — Hints at exiting after 3 years THE Government has indicated that it may progressively dilute its stake in Infrastructure Development Finance Co Ltd (IDFC) and finally exit, if required, after three years. The move is aimed at giving a free hand to the company to raise ... More FIXED DEPOSITS 
Banks lower FCNR, NRE deposit ratesA number of banks have lowered the interest rates on their NRE term deposits and FCNR deposits . The rate changes by Dena Bank and Bank of Baroda will take effect immediately, according to press releases issued by both banks. Similarly, Bank ... More
ICRA retains MA- rating for FDs of Sakthi Finance TRADE & LABOUR UNIONS Insurance unions to intensify stir against delay in wage hike OFFICERS and employees of the four public sector general insurance companies are on a warpath, after having been denied the much awaited wage revision and promotion. The wage revision has been pending since August 2002 and there has been no ... More ALLIANCES & JOINT VENTURES UTI Bank ties up with Bajaj Allianz General Insurance UTI Bank has entered into a bancassurance partnership with Bajaj Allianz General for selling general insurance products through its branch network. The bank will function as a corporate agent for Bajaj Allianz. According to a press release, Mr ... More INTERVIEW 
KSFE to hard sell personal and vehicle loansKERALA State Financial Enterprises Ltd (KSFE), a State-owned non-banking financial institution, will aggressively market its personal and vehicle loans this fiscal to offset the slow growth in its mainstay, the chit business. Its Managing ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Apr. 24-Apr. 30 RBI moots self-regulatory body for card issuing banks `Average earner is risk averse' Rates might take a breather for now Time to promote intra-Asian capital flows `At least one big ticket bank merger likely this year' Reverse repo rate hike — PDs nervous, seek safety net 'No velvet glove to big defaulters' Keyman cover can be sold as term policy only |
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