Financial Daily from THE HINDU group of publications
Thursday, May 15, 2003
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Financial Daily from THE HINDU group of publications Thursday, May 15, 2003 |
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MONEY & BANKING PENSION PLANS IRDA devises `simple' pension plan AIMED at providing a plan with a uniform technical structure, the Insurance Regulatory and Development Authority (IRDA) has devised what it calls a simple, standard pension plan for all life insurance companies to offer to the public, following ... More FOREX Re up; gilts range-bound Mumbai: THE rupee ended still higher on Wednesday at 47.1450/1500 against the dollar, up from Tuesday's close of 47.1600/1650 in the local currency markets. "The rupee was steady throughout the day with hardly any movements. The dollar inflows ... More NBFCS Peerless launches FD scheme with life cover PEERLESS General Finance & Investment Co has tied up with New India Assurance for providing accidental death insurance cover to investors in its new fixed deposit scheme (FDS), branded Quick Return Bond. Peerless, a residuary non-banking ... More HOUSING FINANCE HDFC business up 30 per cent in Gulf region HDFC registered a 30 per cent growth in business in the UAE and Gulf region in the 2002-2003 fiscal and plans are on to tie up with a service associate in Abu Dhabi shortly to extend its reach in the emirate. Mr K. Bharadwaj, Branch Manager of ... More LIFE INSURANCE AMP Sanmar's gambit paying off THE Rs 8.5-crore (annualised) premium that AMP Sanmar Life Insurance Company earned in the year 2002-03 may have fallen short of the company's internal target (of Rs 15 crore) for the year. But, the performance conformed to the business plan ... More
LIC eastern zone achieves record business in '02-03 GENERAL INSURANCE IRDA gets a rap from its detariffing panel GUESS who has rapped the Insurance Regulatory and Development Authority (IRDA) for its decision to impose a cap on increase in motor insurance premium on renewal? It's no one else other than IRDA's own creation - the committee to detariff ... More CREDIT RATING ICRA in talks with Arab cos for services AFTER assigning its first international rating along with the Kuwait-based Credit Rating & Collection Company (CRC), the ICRA on Wednesday said that it was in talks with other Arab nations for extending its technical expertise. It is also open to ... More
PRIVATE BANKS IDBI Bank sees assets on books growing 148 pc IDBI Bank Ltd plans to grow its retail assets on books to Rs 4,000 crore in the current fiscal, up 148.75 per cent from Rs 1,608 crore a year ago, Mr S. Kumar, Head-Retail Assets, said. The growth is likely to be powered by new product ... More PUBLIC SECTOR BANKS FOREIGN BANKS HSBC keen to exploit Gold's Own Country The demand for the metal is seasonal, and peaks with the marriage season. Gold business has largely been affected by the tax changes announced from time to time. More INTEREST RATES Bank of India hikes deposit rates BANK of India has decided to increase the interest rate on short-term deposits by 50 basis points. The change in the rates in the maturity buckets of `7-14 days' and `15-45 days' will be effective May 20, a press release from the bank said. ... More GOVT BONDS Govt unveils sale of floating rate bonds 2014 THE Government of India has announced the sale of Floating Rate Bonds 2014, for an aggregate amount of Rs 5,000 crore (nominal) by auction. The floating rate bonds (FRBs) are being issued by the Government on auction basis for the fourth time, ... More CREDIT CARDS & DEBIT CARDS LIC to launch `smart card' LIFE Insurance Corporation of India (LIC) is planning to launch a "smart card'' of sorts which will enable a select band of its policyholders to pay their premium, draw loans and also use it both as a debit and credit card. For this purpose, ... More CO-OPERATIVES Co-op bank victims appeal to AP Governor THE victims of crisis-ridden co-operative banks in the State on Wednesday appealed to Mr Surjit Singh Barnala, the Governor, to see to it that their interests were protected. Mr C.C. Reddy, the Founder-Trustee of Visu Trust, met the Governor on ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus SARS scare The Cable tangle Indo-Pak Monitor Telecom Competition Oil PSUs: Disinvestment dilemma NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collection NRIs & Investment Avenues Corporate Governance Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back May. 4-May. 10 Forex reserves up $933 m Banks seek dollar refinance facility SBI Home Fin may cease to exist Can the market bank on banking stocks? Marginal rise in SBI priority sector loans Effect of falling interest rates — Insurers seek changes in investment norms |
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