Financial Daily from THE HINDU group of publications
Sunday, January 05, 2003
Financial Daily from THE HINDU group of publications Sunday, January 05, 2003 |
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MONEY & BANKING ACCOUNTING STANDARDS 
Financial instrument a/c norms to changeTHE International Accounting Standards Board (IASB), a global body charged with framing of accounting rules, intends to replace its existing accounting standard on financial instruments with a new one in the next few years. The existing ... More FOREX Forex reserves up at $70.29 b THE forex reserves have risen by $ 783 million to touch $ 70.291 billion for the week ended December 27, 2002, as compared to $ 69.508 billion in the previous week. The reserves have been rising largely due to the dollar inflows flooding the ... More LIFE INSURANCE Max New York Life's Single Premium Insurance Bond THE focus this week is on the Single Premium Insurance Bond of Max New York Life. By providing guaranteed benefits on maturity, coupled with tax incentives, such plans are an attractive option in a regime of falling interest ... More GENERAL INSURANCE Better to be in safe than sorry YOU come back from a holiday and find that your house has been ransacked. Not uncommon, as you might think, given the high incidents of burglaries these days. So, what can you do to safeguard valuables? One solution is to place them in a ... More
DEBT MARKET Bond rally will decelerate THE bond yield curve shifted downwards week-on-week. The 10-year yield fell below 6 per cent for the first time ever. Going forward, the speed of the rally is likely to slowdown. Consider the factors. The long-term spread (yield differential ... More PRIVATE BANKS INTEREST RATES Banks offering sub-PLR loans to small borrowers — BoB sets the ball rolling; others to follow suit Since public sector banks have large exposures to the small-scale and agricultural sector, the reduction in interest rate by them will be significant to the sector. More
Bank of Baroda cuts deposit rates CORPORATE BONDS MERGERS & ACQUISITIONS ICICI Bank to acquire finance co for Rs 74 cr ICICI Bank Ltd today said it would acquire 100 per cent equity of Transamerica Apple Distribution Finance Pvt Ltd (TADFL), a Mumbai-based financial service company, at an estimated cost of Rs 74 crore. The all-cash-deal, brokered by JM Morgan ... More CO-OPERATIVES Panic withdrawals — `No liquidity crisis at Greater Bombay Co-op' THERE were panic withdrawals of deposits across several branches of Greater Bombay Co-operative Bank Ltd in the past two days following rumours that the bank is facing a liquidity crisis. Mr Narendrakumar Baldota, Chairman and Managing Director ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Inside China Stock scam unravelling Petrol pump controversy Kelkar Report Reliance & Telecom Competition 2002: A drought year In Depth Gender Justice Simple Economics India Interior Consumer Notes Looking back Dec. 29-Jan. 4 Mediclaim premiums to be hiked 6 pc Are banks jettisoning the basics? Wilful defaulters face penal charges on dues Using the long arm of the law |
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