Financial Daily from THE HINDU group of publications
Sunday, July 17, 2005
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Financial Daily from THE HINDU group of publications Sunday, July 17, 2005 |
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MONEY & BANKING FOREX Forex reserves fall $544 m THE country's foreign exchange reserves have declined for the third consecutive week on account of currency revaluation. In the past three weeks, the forex reserves have fallen $2.667 billion. For the week ended July 8, forex reserves fell ... More STOCKS Centurion Bank-Bank of Punjab — Bank on the merger Centurion Bank: Hold Bank of Punjab: Hold More FINANCIAL PERFORMANCE Lord Krishna Bank's net at 7.66 cr NEW DELHI: Lord Krishna Bank has registered a net profit of Rs 7.66 crore for the quarter ended June 30, 2005. The operating profit of the bank has risen three-fold during the quarter to Rs 10.16 crore compared to Rs 2.90 crore during ... More LIFE INSURANCE Individual, unit-linked policies steal show — Pvt life insurers' new biz up 129 pc ICICI Prudential, Bajaj Allianz, Birla SunLife, HDFC Standard Life and SBI Life have emerged as the top five life insurers in the private sector with new business in excess of Rs 450 crore each during the fiscal ended March 2005. While the ... More RBI & OTHER CENTRAL BANKS India largest recipient of World Bank aid DEVELOPING countries drawing financial support from the World Bank obtained $22.3 billionfor 279 projects worldwide in the fiscal year ending June 30, 2005. This is an increase of $2.2 billion over the previous year. The Bank's aggregate ... More GOVT BONDS NON-PERFORMING ASSETS Banks can sell NPAs of over 2 years to other banks: RBI BANKS can sell only non-performing assets (NPA) of two years and above to other banks, said a guideline issued by the Reserve Bank of India. The RBI has issued this directive to develop a healthy secondary market for NPAs where securitisation ... More SHORT TERM INSTRUMENTS RBI proposes to raise Rs 2,500 cr under MSS THE Reserve Bank of India plans to raise Rs 2,500 crore through the auction of 364-day and 91-day Treasury Bills, under the Market Stabilisation Scheme, said an RBI press release. Of this Rs 1,000 crore will be raised through the auction of ... More CREDIT CARDS & DEBIT CARDS HDFC Bank's Health Plus Card IT HAS become commonplace for credit card issuers to throw in an insurance cover as a freebie. In most cases, the package is rarely substantial enough to cover the losses or expenses of, say, an accident or hospitalisation. HDFC Bank's `Health ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jul. 10-Jul. 16 Forex reserves fall by over $1 b `Size, risk management vital for banks in future' HSBC group to invest $50.6 m more in India Union Bank stock returns 124 pc Motor third party liabilities — PSU insurers want pvt sector to share losses Global uncertainties have increased, says RBI Governor HDFC first quarter net up 21% Price stability, prime concern for RBI BSNL takes group life cover from LIC for Rs 4,770 cr |
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