Financial Daily from THE HINDU group of publications
Wednesday, June 19, 2002
| Forex Rates June 18 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, June 19, 2002 |
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MONEY & BANKING ECONOMY Gold price surge is short-term event GOLD has lately been in the news. After having been virtually written off, it has bounced back to attract active interest in world financial markets. Its price has risen about 15 per cent in recent weeks. Does it presage a comeback for this ... More FOREX Re gains 3 paise; gilts weak Mumbai: THE rupee closed stronger on Tuesday by around 3 paise against the dollar at 48.96/97, as compared to Monday's close of 48.9950/48.9975. The domestic currency opened at 48.98/99. Forex dealers said, the market witnessed massive selling ... More SOFTWARE Bank on target Indian IT companies are winning over banks — both Indian and global — with their software offerings and the promise of automation. A look at why it's clicking and what more needs to be done. More
Small is profitable too
Have money, will spend LIFE INSURANCE VRS ... no way at LIC LIFE Insurance Corporation has ruled out any separation of employees on the lines of the banking sector's voluntary retirement scheme. It has instead pitched for an increase in manpower. Sources said that the existing manpower was not ... More DEBT MARKET Misfeasance, malfeasance and bond market PERHAPS the defining moment in the Indian bond market was the Reserve Bank of India's response to the latest scandal in the bond markets. In sharp contrast to its action a decade ago, the RBI actually encouraged investment in government ... More RBI & OTHER CENTRAL BANKS Global cards can't be used for banned items: RBI THE Reserve Bank of India (RBI) on Tuesday clarified that international credit cards cannot be used on the Internet or otherwise for the purchase of prohibited items, lottery tickets being one of them. These "prohibited items'' also include ... More PRIVATE BANKS 
Federal Bank `not open to sell-out'FEDERAL Bank, which has been reportedly shortlisted as a buyout target for ABN-Amro Bank, said that it will not sell out in near term. "We have a critical base and a own brand...we are not interested in any sell-out or strategic stake sell,'' Mr ... More PUBLIC SECTOR BANKS Sinha to review lending rates with bank chiefs THE lending rate structure of public sector banks would come under fresh scrutiny during the forthcoming meeting of the Finance Minister, Mr Yashwant Sinha, with the chiefs of the banks. The review would be done to assess the extent of banks' ... More NON-PERFORMING ASSETS Fillip to NPA management -- Cabinet okays ordinance for asset reconstruction MANAGEMENT of non-performing assets (NPAs) of the financial sector was put on fast track on Tuesday with the Union Cabinet approving the promulgation of an Ordinance to facilitate securitisation and reconstruction of financial assets. Besides ... More
OTS scheme not a `one-time offer' FIXED DEPOSITS Long-term FCNR deposits turning too hot for banks Many of them which had accepted FCNR deposits for three years in 2001 at Libor were now stuck with high-cost funds as global interest rates have crashed since then. In March 2001,the one-year Libor was around 6.50 per cent, which is as low as ... More ALLIANCES & JOINT VENTURES EVENTS Workshop on foreign exchange KOCHI: Federal Bank has organised a one-week workshop in Kochi on foreign exchange under the auspices of the Reserve Bank of India (RBI) and the Foreign Exchange Dealers Association of India. The managers from various commercial banks in ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back Jun. 9-Jun. 15 Burgeoning forex reserves: Boon or bane? LIC to invest Rs 6,000 cr in equity markets this year 132 pc rise in PSBs net profit last fiscal LIC set to venture into Sri Lanka FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likely ICICI Bank unveils `HomeSafe' cover Nidhis told to attach balance sheet in application forms |
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