Financial Daily from THE HINDU group of publications
Saturday, January 11, 2003
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Financial Daily from THE HINDU group of publications Saturday, January 11, 2003 |
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MONEY & BANKING FINANCIAL SERVICES What if Postal Dept played moneylender? CAN the Department of Posts (DoP) be more than just letters and parcels? It certainly has the potential to be, says Dr U. Srinivasa Raghavan, Principal Chief Postmaster General, Tamil Nadu Circle. For example, why not allow the DoP, which is ... More PENSION PLANS Close fight in individual pensions biz IT is only in the individual pensions business that the 12 private insurers have collectively come close to giving a decent fight this year to the State monolith, Life Insurance Corporation. According to figures provided by the Insurance ... More COURTS/LEGAL ISSUES SC rejects Pendse plea THE Supreme Court has rejected the appeal of Mr D.S. Pendse, former Managing Director of Tata Finance Ltd, for transfer of investigations against him from Delhi Economic Offences Wing to the Mumbai Economic Offences Wing. It also vacated the ... More FOREX Capital a/c transactions — New steps will facilitate 2-way flows: Jalan THE Reserve Bank of India Governor, Dr Bimal Jalan, today said that the Finance Minister, Mr Jaswant Singh's, announcements on bringing about further flexibility in capital account transactions would facilitate "easier forex" transactions and in ... More
Re loses 3 paise; gilts up STOCKS Value buying pushes up Canara Bank CANARA Bank today saw rise in volumes and scaled a new high on the Bombay Stock Exchange and National Stock Exchange on value buying. Analysts and brokers expect improved profits in the third quarter because of the bank's aggressive treasury ... More GENERAL INSURANCE 
Pvt general insurers rake in Rs 825-cr premium incomePRIVATE sector players in the general insurance sector fared no different from their counterparts in the life insurance sector while challenging state monopoly. According to figures released by Insurance Regulatory and Development Authority ... More CREDIT RATING `High safety' for KMPL programme ICRA has assigned the high safety rating `MAA+' to the proposed 50-crore medium-term debenture programme of Kotak Mahindra Primus Ltd (KMPL), according to a press release. The rating factors in KMPL's position as a leading player in the car ... More PUBLIC SECTOR BANKS Corpn Bank aims at 100 pc growth in housing portfolio CORPORATION Bank is expecting a 100 per cent growth in its home portfolio during the current fiscal. In its bid to achieve the cent per cent growth, the bank proposes to organise nation-wide `home-loan fairs' covering at least 30 cities before ... More
New BoI branch at Rajahmundry CORPORATE BONDS Banks may be allowed to issue bonds in retail market: Sinor THE Reserve Bank of India is believed to be formulating detailed guidelines for commercial banks to issue bonds in the retail market. The RBI is taking a view that all banks should be allowed to issue bonds without prior case-to-case ... More NON-PERFORMING ASSETS 
Court route `best' for asset seizureAPPROACH the courts/district magistrates to appoint a commissioner to take possession of assets, is the advice that Mr V. Krishnan, Managing Director, Industrial and Technical Consultancy Organisation of Tamil Nadu (ITCOT), has for banks and ... More
Mardia claim not to have financial impact, says IDBI SHORT TERM INSTRUMENTS L&T, Gammon tap CP market LARSEN & Toubro (L&T) entered the commercial paper (CP) market to raise Rs 25 crore at 5.58 per cent through a 91-day CP. Another issue that hit the market on Wednesday was by the construction company, Gammon India, which floated a 91-day CP ... More NEW PRODUCTS & SERVICES ICICI Bank, Give Foundation unveil charity scheme for NRIs ICICI Bank has introduced `Give2India', a charitable financial instrument to facilitate donations by non-resident Indians to social development projects in India. Give2India schemes which have been launched in association with the Give ... 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 Gold: Still the winner? Oil PSUs: Disinvestment dilemma NPAs in Banking 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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