Financial Daily from THE HINDU group of publications
Saturday, July 27, 2002
| Forex Rates July 26 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, July 27, 2002 |
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MONEY & BANKING FOREX Euro transactions in banks gather speed BANKS have started registering a significant pick-up in euro transactions with exporters starting to invoice actively in the currency. According to a senior treasury head of a public sector bank, the average daily turnover of euro transactions ... More
Rupee stable; gilts bullish INSURANCE IILM launches insurance course THE Institute of Integrated Learning in Management (IILM) has launched a one-year full time post-graduate diploma course in insurance and risk management. This is supposed to be the only course which is recognised by the Insurance Regulatory ... More NBFCS Maruti launches finance arm MARUTI Udyog Ltd on Thursday launched Maruti Finance, one of the four automobile related businesses that the company entered into in the past one year, in the South. With this, the company hopes that it will be able to widen its market, ... More
Ashok Leyland Fin Q1 net rises LIFE INSURANCE Insurance industry wants cap on rider premium to go THE life insurance industry is hoping that the Insurance Regulatory and Development Authority (IRDA) would pay heed to the industry's plea, and remove the cap on the amount that can be charged for the riders. The IRDA (Protection of ... More
AMP Sanmar in Maharashtra
First India open to 'desi' synergies with MetLife GENERAL INSURANCE European co rates New India `excellent' THE leading player in the non-life insurance segment, The New India Assurance Co Ltd, has been rated by A.M. Best (Europe) - the Credit Rating Company - as an `excellent' company in financial strength. This rating has been reaffirmed by ... More CREDIT RATING Housing finance cos upgraded MUMBAI: Crisil has upgraded ratings assigned to five housing finance companies promoted by banks. The rating assigned to BoB Housing Finance Ltd has been revised to `FAAA' from `FAA+' previously, Corpbank homes Ltd rating is now `FAAA' ... More RBI & OTHER CENTRAL BANKS RBI dividend even before auditors are through CAN Mr C.M. Vasudev, Secretary, Department of Economic Affairs (DEA), announce a dividend of Rs 10,300 crore from RBI to the Centre, when the central bank's books are still under audit? Till last week the money had not been credited going by the ... More PRIVATE BANKS IndusInd Bank refutes JPC's comments INDUSIND Bank today said that the alleged delay by the bank in intimating Calcutta Stock Exchange (CSE) of the dishonour of cheques had nothing to do with the relevant pay-out of CSE and hence with the CSE's payment crisis. Refuting comments by ... More FINANCIAL INSTITUTIONS 
J.J. Irani eyes IDBI directorshipTHE somewhat lustreless image of the country's largest term-lending institution, Industrial Development Bank of India (IDBI), may get some sheen with one of the country's most accomplished chief executives and two former bankers likely to join ... More
Raising resources — PFC, REC mull options on securitising receivables INTEREST RATES `Interest rates likely to remain at current levels' INTEREST rates are likely to remain where they are, according to Mr Deepak Parekh, Chairman, HDFC. "There is no indication that the rates will go up; this is of course subject to matters like tension along the country's border''. "At the ... More GOVT BONDS RBI may allow corporates in repo market Currently, only SGL account holders can access the inter-bank repo market with only banks, PDs and some mutual funds having access to the repo market. More FIXED DEPOSITS ICICI Bank cuts deposit rates ICICI Bank is the latest to cut interest rates of term deposits following State Bank of India, Bank of Baroda among others. The largest private sector bank in the country is to reduce deposit rates by 25 to 75 basis points for various ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Jul. 14-Jul. 20 India Inc fears `harsh' steps in ordinance SBI Life to target account holders PSU insurers change accounting norms Bank union releases list of defaulters in AP — NPAs account for Rs 4,796 cr Private banks beware, big brother is watching Bank defaults mount to Rs 80,246 cr: AIBEA `We're quite strong, but we'll have to watch out' — Mr A. Ramamurthy, current-in-charge and Managing Director, LIC Banks likely to resume power sector funding |
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