Financial Daily from THE HINDU group of publications
Saturday, September 17, 2005
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Financial Daily from THE HINDU group of publications Saturday, September 17, 2005 |
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MONEY & BANKING FOREX Rupee firms up; securities weak MUMBAI: The rupee ended a shade higher against the dollar with a range-bound movement during the day's trade. The domestic currency opened at 43.87 and touched an intra-day high of 43.8450 and a low of 43.90. The rupee closed at ... More INFORMATION TECHNOLOGY Instant money transfer possible in 10,000 bank branches CUSTOMERS of more than 10,000 bank branches in the country can now send and receive money within two hours. The Reserve Bank of India on Friday said its electronic system, RTGS (real-time gross settlement), which facilitates fund transfer on a ... More LIFE INSURANCE 
LIC eyes Rs 1,000-cr biz from alternate channelsLIFE Insurance Corporation of India is eyeing new business premium from alternate channels worth Rs 1,000 crore by the end of the fiscal. In the current fiscal, LIC has garnered Rs 55 crore from alternate channels. In 2004-05, the PSU life ... More GENERAL INSURANCE Mumbai rains motor claims settlement — Insurers ready with cheques, vehicle owners spurn offer Many vehicle owners are rejecting the offer out of fear that the ultimate repair bill might turn out to be higher than the settlement amount. More PRIVATE BANKS ING Vysya Bank bid to expand portfolio assets ING Vysya Bank has begun expanding its private banking operations into tier two cities in a bid to expand the portfolio of assets. Speaking to Business Line, ING Vysya Bank's Country Head (private banking), Mr Steven Billiet, said that a ... More CORPORATE BONDS IOB raises Rs 200 cr as Tier II bonds INDIAN Overseas Bank has raised Rs 200 crore of unsecured redeemable non-convertible subordinated bonds through a private placement on Thursday. The issue was fully subscribed on the date of opening, according to an IOB press release. The ... More FIXED DEPOSITS BoB mobilising deposits THIRUVANANTHAPURAM: Bank of Baroda is observing a special savings bank deposits mobilisation campaign up to September 30. Announcing this, Mr G.G. Joshi, General Manager-South, said that the campaign has been named Baroda Bachat Utsav ... More MERGERS & ACQUISITIONS Banks can't become strong by just mergers, say unions BANK unions are opposed to mergers of public sector banks and are willing to go on strike at short notice, if any bank management initiates any step. Responding to the recent plea for consolidation among top public sector banks, given by the ... More REGULATORY BODIES & RULINGS IRDA bestows more powers on agents for micro-insurance The new regulations aim at revamping distribution in rural areas. More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Focus Stock splits India Inc's bonus bonanza The Yuan Revaluation Dabhol power regenerated Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
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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