Financial Daily from THE HINDU group of publications
Tuesday, July 26, 2005
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Financial Daily from THE HINDU group of publications Tuesday, July 26, 2005 |
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MONEY & BANKING FINANCIAL SERVICES Hire purchase body demands level playing with banking sector MEMBERS of the South India Hire Purchase Association (SIHPA) have said that as an industry, these non-banking finance companies (engaged in hire purchase business) were being subject to the rigours of the banking system, but denied the pleasures ... More FOREX Rupee weakens; securities down MUMBAI: The rupee further weakened against the dollar on Monday as PSU banks were heavily buying the greenback. The rupee opened at 43.48/49 and ended at 43.5450/55, weaker than Friday's close of 43.50. In the forward premia market, the ... More TAXATION No tax on inter-bank transactions NEW DELHI: The Government has decided to exempt inter-bank transactions from the levy of banking cash transaction tax. All scheduled banks have been advised not to collect banking cash transaction tax on such transactions. A circular ... More FINANCIAL PERFORMANCE Bank of Rajasthan Q1 net dips BANK of Rajasthan reported a dip in net profit to Rs 5.22 crore for the quarter ended June 30, from Rs 20.15 crore in the corresponding quarter last year, according to a press release from the bank. The release quoted Mr Pravin Kumar Tayal, ... More
GENERAL INSURANCE National Insurance to offer accident cover for Kerala workers NATIONAL Insurance Company has identified Kerala as a potential market for its Workers' (Accident) Welfare Policy. Persons engaged in manual labour in factories and those working as drivers, salespersons, mechanics, machine operators, ... More RBI & OTHER CENTRAL BANKS RBI upbeat on growth THE Reserve Bank of India on Monday said that the business confidence index for the current quarter, based on its latest industrial outlook survey, showed a marginal decline of 1.1 percentage point, over the previous quarter. The index for ... More PUBLIC SECTOR BANKS Dabhol stake at Rs 150 cr SBI has contributed about Rs 150 crore to the equity base of the new-look Dabhol project, which is now officially called Ratnagiri Gas & Power. ICICI and IDBI are two other institutional stakeholders, commanding a sizeable portion of the ... More FINANCIAL INSTITUTIONS Exim Bank to buy 2.5% stake in Bombay Rayon EXPORT-Import Bank of India (Exim Bank) on Monday said it plans to make its first investment in the equity of a domestic Indian company by buying shares worth Rs 5 crore in Bombay Rayon Fashions Ltd (BRFL). The bank will subscribe to 10,000 ... More INTEREST RATES Hike in reverse repo rates likely: Dealers A major section of the money market is expecting a 25-basis-point hike in the reverse repo in the monetary policy review to be announced on Tuesday, given the rise in oil prices and a possible rise in inflation rates. According to a senior ... More CREDIT MARKET `Industrial credit demand stronger' THE demand for credit from the commercial sector strengthened in the first quarter in 2005-06, said the Reserve Bank of India in its Macroeconomic and Monetary Developments review released on Monday. Though food credit growth decelerated ... More MERGERS & ACQUISITIONS SBI eyes 4 mid-sized overseas banks STATE Bank of India is eyeing four overseas banks as targets for acquisition. This is part of the bank's plan to increase its international exposure. SBI, which recently took over banks in Indonesia and Mauritius, hopes to scale up its global ... More CO-OPERATIVES TN Co-operative bank employees want Act replaced THE Tamil Nadu Co-operative Bank Employees Association is seeking a replacement in the existing Co-operative Societies Act and Rules. It has, among other demands, requested the State Government to bring about a `model' Co-operative Societies ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jul. 17-Jul. 23 Unravelling the outsourcing puzzle CDs popular with pvt banks 12.7 pc priority sector loans are NPAs: Economic Survey Yuan revaluation: IT companies see no major impact Yuan effect: Rupee may strengthen Financial sector reforms no help to real economy Sugar mills get Nabard package on debt Metal sector may benefit from yuan revaluation Insurers free to load motor premiums — Truck owners to contest IRDA stand Yuan change: No major benefit seen for textile exporters India largest recipient of World Bank aid Individual, unit-linked policies steal show — Pvt life insurers' new biz up 129 pc Forex reserves fall $544 m |
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