Financial Daily from THE HINDU group of publications
Friday, September 16, 2005
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Financial Daily from THE HINDU group of publications Friday, September 16, 2005 |
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MONEY & BANKING FINANCIAL SERVICES ATM transaction fees for NFS to be halved THE Institute for Development and Research in Banking Technology (IDRBT) is planning to decrease ATM transaction charges for the National Financial Switch (NFS) from October 1. At present, the transaction charges are Rs 20, out of which, Rs 18 ... More INSIGHT Why not pay wages for the poor by cheque? THE National Rural Employment Guarantee Bill, passed by Parliament has fixed a minimum daily wage of Rs 60 for 100 days of employment for the rural poor. Initially, 200 districts, including 150 under the food-for-work programme, will come under ... More FOREX Rupee unchange; bond prices up MUMBAI: The rupee was little changed against the dollar on Thursday on account of the supply and demand remaining proportionate. The domestic currency opened at Rs 43.89/90 and touched an intra-day low of 43.9750. It, however, bounced ... More LIFE INSURANCE Shriram Life gets operating licence from IRDA SHRIRAM Life Insurance Co Ltd received the operating licence from the Insurance Regulatory and Development Authority (IRDA) on September 14. The company is a joint venture between the Chennai-based Shriram group and Sanlamof South Africa. ... More
LIC plans to set up data warehouse GENERAL INSURANCE Govt seeks performance targets — Now, public insurers nudged to shape up The four insurers have to submit performance targets for two consecutive years, unlike the PSBs which were asked to set out targets for the current fiscal only. More RBI & OTHER CENTRAL BANKS I-T payment at bank branches MUMBAI: The Income-Tax department has authorised 894 computerised branches of public sector banks in Mumbai and Navi Mumbai to accept payment of income-tax dues, said a press release from Reserve Bank of India. These include 833 public ... More FINANCIAL INSTITUTIONS Exim Bank to extend $26.8 m LoC to Mali, Ivory Coast EXPORT-Import Bank of India (Exim Bank) has, at the behest of the Government of India, extended a line of credit (LoC) of $ 26.8 million to Government of Cote d'Ivoire ( Ivory Coast) and another LoC of $ 27 million to the Government of Mali under ... More CREDIT MARKET 
World Bank asks India to review rural lending policyTHE World Bank has suggested that the Indian Government could revisit its policy of setting interest rate `caps' on rural lending rates and `floors' on deposit rates, because the high transaction costs and collateral requirements were making ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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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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