Financial Daily from THE HINDU group of publications
Thursday, October 03, 2002
Financial Daily from THE HINDU group of publications Thursday, October 03, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Barjeel to open branch in Abu Dhabi soon Barjeel will be the first licensed international brokerage firm to be established in Abu Dhabi. The new branch will offer a host of services including broking, distribution of IPOs and mutual funds, depository services and consultancy services for NR Is. More GENERAL INSURANCE Govt to push for clean-up of PSU insurers' balance sheets AFTER public sector banks, it's cleaning-up time for the public sector general insurance companies. The Ministry of Finance has decided to stress that state-owned insurers should make adequate provisioning in future balance sheets to cover up ... More
Kerala transport staff resent insurance premium hike CREDIT RATING Jindal Strips FD rated stable MUMBAI: Fitch Ratings India has revised the rating of the fixed deposit programme of Jindal Strips Ltd to `tA(ind)' from `Ind A-(FD)'. The rating outlook is stable. This revision follows the introduction of a new rating scale by Fitch ... More RBI & OTHER CENTRAL BANKS Co-op bank application rejected MUMBAI: The RBI has rejected the licence application of the Manamadurai Co-operative Urban Bank Ltd, Manamadurai, Tamil Nadu, to carry on banking business. The bank is precluded from transacting the business of `banking as defined in the ... More PUBLIC SECTOR BANKS SBI may offload stake in STCI — To swap shares in DFHI STATE Bank of India (SBI) is expected to offload stake in Securites Trading Corporation of India (STCI) in exchange for shares in DFHI from common shareholders in the two primary dealers. STCI already indicated at its AGM last week that the SBI ... More FOREIGN BANKS BoA pact for better services BANK of America (BoA) has tied up with three strategic partners, Infosys Technologies, Tata Consultancy Services (TCS) and Accenture, to deliver application maintenance and development services to the company's internal information technology ... More GOVT BONDS Bid time advanced for bonds auction MUMBAI: The time for submission of bids for auctions of treasury bills and Government of India dated securities has been advanced by the Reserve Bank of India. To be effective from October 16, the timing for the submission of bids for ... More FIXED DEPOSITS Fall in interest rates — NRIs shift to rupee deposits NON-Resident Indians (NRIs) are increasingly shifting to rupee deposits with FCNR dollar accounts losing sheen on the back of falling interest rates. A one-year non-resident external (NRE) deposit (in rupees) now attracts a rate of anywhere ... More STANDARDS & BENCHMARKS Andhra Bank branch gets ISO-9001 HYDERABAD: The specialised small scale industries (SSI) branch of Andhra Bank, located at Nacharam here, has been accredited with the Quality Management System certification conforming to ISO 9001:2000 standards by the Netherlands-based ... More TRENDS 
Film financing: Are banks missing an opportunity?TWO years after the Reserve Bank of India okayed institutional lending to the film industry, only very, very few banks have even done a study of financing films. This is borne out by the replies that Business Line has consistently got ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Sep. 22-Sep. 28 NCAER concern over cost of high forex reserves IRDA fiat on third-party cover `hurting' non-life insurers Eighth bipartite wage settlement — IBA, union talks on Oct 18 Rules notified for NPA sale — Banks now better equipped to pursue loan defaulters |
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