Financial Daily from THE HINDU group of publications
Tuesday, September 17, 2002
| Forex Rates Sept. 16 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, September 17, 2002 |
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MONEY & BANKING FINANCIAL SERVICES FOREX Re at new high; gilts dip Mumbai: THE rupee on Monday closed at a new high of 48.41/4150 as compared to its previous close of 48.4200/4250 in the forex market. The dollar inflows were seen to be very heavy with the accumulation of the greenback over the weekend, said a ... More LIFE INSURANCE US venture shortly — LIC finds slight dip in policies sale LIFE Insurance Corporation of India sold 57.22 lakh policies in the first five months of the current financial year, earning a first premium income (premium from new policies) of Rs 1,157 crore and involving an assurance of Rs 34,000 crore, LIC's ... More
ICICI Pru Life pact for kids policy DEBT MARKET New products to beat volatile debt market ONE way that fund managers can beat the volatility that the debt market has seen in the past year or so, is to introduce innovative debt funds that can either adapt to changing scenarios, offer market-linked returns or protect capital, says a ... More RBI & OTHER CENTRAL BANKS No RBI approval needed for prepaying ECBs up to $100 m THE Reserve Bank of India (RBI) has said that borrowers who have raised external commercial borrowings (ECBs) in accordance with the prevalent rules and regulations may prepay the outstanding ECB up to an amount of $100 million without obtaining ... More PRIVATE BANKS IndusInd plans new venture to take out NPAs Such NPA take-outs would involve large infusion of risk capital. It is for this reason that IndusInd is likely to use a separate entity for the purpose. More FINANCIAL INSTITUTIONS SIDBI to step up direct financing SMALL Industries Development Bank of India (SIDBI) has decided to step up its direct financing business from 30 per cent of its total volumes to 40 per cent this year. The bank has also identified marketing, tourism, information technology and ... More NON-PERFORMING ASSETS Small units' concern over NPA ordinance LAGHU Udyog Bharati has expressed reservations about the implementation of the Ordinance for Debt Recovery issued by the Union Government. Dr S.S. Aggarwal, National President, Laghu Udyog Bharati, said that the Securitisation and ... More FIXED DEPOSITS BoB cuts rates on domestic, NRE deposits BANK of Baroda has cut interest rates on domestic and NRE deposits by 25-50 basis points for various maturities effective today. For deposits up to Rs 15 lakh, the bank is offering 5.25 per cent for a period of 15-45 days, 5.50 per cent for ... More MERGERS & ACQUISITIONS Approval for bank mergers `only after careful study' THE Government approval for the two proposed bank mergers involving public sector banks - those between Punjab National Bank (PNB) and Nedungadi Bank Ltd and Andhra Bank and Centurion Bank - is not going to come easily. The Ministry of ... More
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Sep. 8-Sep. 14 LIC to replace New Bima Nivesh Asset recast co alone will not do to resolve NPAs, says IMF Co-op banks in Gujarat — A crumbling edifice Experiment in LAB unsuccessful `Scope for banks to cut lending rates further' RBI directs Global Trust to change auditors Much at stake for Govt in IFCI bail-out |
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