Financial Daily from THE HINDU group of publications
Wednesday, September 14, 2005
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Financial Daily from THE HINDU group of publications Wednesday, September 14, 2005 |
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MONEY & BANKING INSIGHT Global growth alive and well The world is no longer utterly dependent on the US, Europe and Japan. The new kids on the block are China and India. More
FOREX Rupee declines; bond prices flat MUMBAI: Demand for dollar from oil companies as well as the US currency's strong position in the overseas markets drove the rupee down on Tuesday. The rupee opened at 43.84/85 and closed at 43.91 against the earlier level of ... More SOFTWARE LVB may revisit software choice LAKSHMI Vilas Bank (LVB) may re-examine the choice of its core banking software. "We have to take a decision on that," LVB's Chairman and CEO, Mr R.M. Nayak, told Business Line on Monday, when asked if the bank would continue with 3i ... More NBFCS Shriram group cos plan to raise capital CHENNAI: Two companies of the Chennai-based Shriram group, Shriram Investments Ltd and Shriram Transport Finance Ltd, have informed the stock exchange of their companies' Board meetings to consider further raising of capital through ... More GENERAL INSURANCE ICICI Lombard has reinsurance cushion for Mumbai claims ICICI Lombard General Insurance Company will face claim payouts to the tune of Rs 225 crore arising out of the Mumbai floods, Mr Sandeep Bakhshi, Managing Director, told newspersons at an event to launch a credit card. He pegged the insurance ... More PRIVATE BANKS IDBI aims to grow retail biz by 50pc A RELATIVELY late entrant in the retail banking space, IDBI Ltd is hoping to increase its retail asset and liabilities by 50 per cent this fiscal. It is planning to focus on acquiring savings bank and current accounts, which will provide low cost ... More PUBLIC SECTOR BANKS Share prices of State Bank subsidiaries soar — Anticipation of scrapping of share ownership restriction THE shares of three listed subsidiaries of State Bank of India rose on the Bombay Stock Exchange on Tuesday in anticipation that the Government may remove the restriction on ownership of shares in these banks. At present, a single shareholder ... More
SBI gears up for IMD redemption NON-PERFORMING ASSETS Kothari Sugars settles dues to lenders KOTHARI Sugars and Chemicals Ltd has paid Rs 85.60 crore to its lenders to settle its dues to the institutions. The Chennai Debts Recovery Tribunal - I facilitated the compromise settlement between the company and its lenders. According to a ... More
Union Bank to test securitisation waters CREDIT MARKET 
Banks work overtime to fulfil consumers' dreamsWITH Onam just around the corner, there has been a flurry of activity in Kerala markets. Shops have begun to stock-up for the biggest annual purchase carnival in the State. The Government comes out with liberal salary advances and bonus ... More CREDIT CARDS & DEBIT CARDS HSBC, Trent offer private label card HSBC and Trent Ltd, a Tata Group company, on Tuesday launched Star India Bazaar credit card, India's first private label credit card. It is available as a standalone card or as an additional card linked to an HSBC credit-card account. Unlike ... More
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Looking back Sep. 4-Sep. 10 Forex reserves increase by $623 million Why rupee may not fall further Bankers expect more mop-up under MSS Good business from bad loans? Credit card frauds get high tech Ministry unhappy over lower growth projections — Govt asks PSBs to rework annual goals LIC Housing Fin to engage loan recovery agents Cheque truncation system to begin from March 2006 — High service charge not desirable, RBI tells banks Govt issues oil bonds worth Rs 5,762.8 cr |
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