Financial Daily from THE HINDU group of publications
Friday, December 27, 2002
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Financial Daily from THE HINDU group of publications Friday, December 27, 2002 |
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MONEY & BANKING INVESTMENT BANKING PNB Gilts gets licence for merchant banking PNB Gilts Ltd (PGL) has received clearance from the Securities and Exchange Board of India (SEBI) for carrying out merchant banking activities. The company, which is a primary dealer, had recently announced its plans to offer about 26 per cent ... More FOREX Re steady; bond yields fall Mumbai: THE rupee ended the day at 48.02/03 against the dollar on Thursday as compared against the previous close of 48.0150/02 in the forex market. The dollar supplies were seen to be good throughout the day. However, there was no genuine ... More EDUCATION Financial planner examination to be online THE Association of Financial Planners has entered into an agreement with the National Stock Exchange to conduct online tests for various modules of the CFP (Certified Financial Planner) Examination. The first test for Module 1 was held on ... More LIFE INSURANCE Life insurers bet on term plans FOR the new crop of life insurers, the race to achieve critical mass is being driven by term plans, powered by bancassurance — where insurance products are available off the counters. SBI Life, the joint venture between SBI and Cardiff ... More CREDIT RATING Citicorp Fin issue gets `AAA(SO)' CRISIL has assigned `AAA (SO)' rating to the Rs 72.98 crore Citicorp Finance (India) Ltd securitisation transaction. The rating indicates highest degree of certainty regarding timely payment of the financial obligations on the instrument, said ... More
Highest safety rating for Exim Bank bonds PRIVATE BANKS UTI Bank opens currency chest in Hyderabad WHILE commissioning its online payment mechanism through a tie up with telecom major Bharat Sanchar Nigam Ltd, UTI Bank has also opened its first currency chest in Hyderabad. Consequent on the bank receiving Reserve Bank of India's (RBI) ... More GOVT BONDS G-secs on stock retail mode RETAIL investors can buy and sell Government securities on the stock exchanges in the same way they do equity shares, once the draft scheme announced by Reserve Bank of India is actually implemented. As per the scheme announced by RBI today, ... More CRR & BANK RATES RBI lowers daily CRR level for banks to 70 pc THE Reserve Bank of India today reduced the level of Cash Reserve Ratio (CRR) that banks are required to maintain on a daily basis from 80 per cent to 70 per cent. The RBI had, in the mid-term review of its monetary and credit policy in ... More NON-PERFORMING ASSETS Corpn Bank plans to recover Rs 100 cr from defaulters BACKED by the Securitisation Bill, Corporation Bank plans to recover close to Rs 100-crore from defaulters by March-end, the Chairman and Managing Director, Mr Cherian Varghese, said. The bank has already recovered close to Rs 30 crore since ... More
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Top Stories In Focus Inside China Gujarat Elections Stock scam unravelling Red signal for Chinese silk Petrol pump controversy Small Investor In Depth Gender Justice Simple Economics India Interior Consumer Notes Looking back Dec. 15-Dec. 21 Bank audits could vanish into thin air Lenders seek to shut BIFR door against defaulters SBI, BoI to test waters in securitisation market Bank of India hires Deloitte as agent to recover NPAs Rupee touches 47.97 States told to go easy on bond guarantees Banks shy away from Nabard refinance |
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