Financial Daily from THE HINDU group of publications
Saturday, September 21, 2002
| Forex Rates Sept. 20 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, September 21, 2002 |
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MONEY & BANKING REGIONAL RURAL BANKS Rural bank staff oppose amendment to RRB Act THE employees of Grameena banks in Andhra Pradesh have taken up a State-wide campaign since September 1 against the "pernicious recommendations'' of the Chalapathi Rao Committee on RRB Act amendments. As part of the campaign, a seminar is to be ... More PENSION PLANS More players qualified to offer pension products The regulatory authorities had already placed their views on ways to push ahead with the reforms and a broad roadmap would now have to be developed. More FOREX Re steady; gilts recover Mumbai: THE S&P downgrade did not have much impact on the Indian currency, which ended steady on Friday, almost similar to its previous levels at 48.4150/4250 per dollar. Dealers contend that the market has factored in most of the reasons that ... More INSURANCE Insurance... rural India beckons With private players entering the insurance industry, the expected explosion in job opportunities may not actually happen, but watch out for opportunities in rural India More MANPOWER `Surplus' in banks even after VRS — SBI may come out with exit option Syndicate Bank is said to have come to a conclusion that with the implementation of the Centralised Banking Solution, there are surplus hands. More LIFE INSURANCE Om Kotak in talks for marketing OM Kotak Mahindra Life Insurance Company Ltd is in talks with banks, both nationalised and private sector, non-banking financial companies (NBFC) and entrepreneurs with huge databases for an alternative channel for marketing its ... More CREDIT RATING 
Govt contests S&P line — `Downgrade poses no problem'THE Government has written to the credit rating agency, Standard and Poor's on Friday contesting the assumptions made by it for downgrading India's local currency debt to `junk' status. S&P had cited concerns of mounting domestic debt and ... More FINANCIAL MARKETS Markets shrug off downgrade PERHAPS, the rating agency Standard and Poor's (S&P) chose the wrong day to downgrade India. On a day when Mumbai, the country's financial capital, was paying obeisance to the elephant-headed Ganesha - the God who removes all obstacles - ... More PUBLIC SECTOR BANKS CORPORATE BONDS NHAI to cut interest rates on bonds THE National Highways Authority of India (NHAI) is to cut the interest rate on its bonds issued under Section 54 EC of the Income-Tax Act by 50 basis points, the NHAI Chairman, Mr Deepak Dasgupta, has said. "We are looking at aligning the ... More MERGERS & ACQUISITIONS Will RBI's rescue strategy work? THE RBI seems to have made up its mind on a rescue strategy for the stuttering cluster of old and new private sector banks. In five years time, the old private sector banks such as Lord Krishna, Nedungadi, South Indian, Catholic Syrian and the ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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