Financial Daily from THE HINDU group of publications
Tuesday, June 17, 2003
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Financial Daily from THE HINDU group of publications Tuesday, June 17, 2003 |
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MONEY & BANKING FOREX Huge forex reserves is handy tool for RBI THE country's foreign exchange reserves have been estimated at upwards of $85 billion, the highest since Independence. The RBI sources said that this estimate was inclusive of all the swaps it had been carrying out in the domestic foreign ... More
Rupee firmer; gilts gain FINANCIAL PERFORMANCE United Western net up 6.7 pc THE Satara-based United Western Bank has posted a 3.5 per cent increase in net profit for the fourth quarter ended March 31, 2003 at Rs 12.66 crore up from Rs 12.23 crore in the corresponding period in the previous year. For the full year, the ... More SOFTWARE ACCBank selects Flexcube BANGALORE: Ireland-based ACCBank has selected i-flex Solutions as its banking solution provider. ACCBank will implement i-flex's flagship product FLEXCUBE for its banking operations. The selection of FLEXCUBE was based on the ... More RBI & OTHER CENTRAL BANKS RBI to inspect bank chests THE Reserve Bank of India is to shortly start inspection of currency chests of various banks, including State Bank of India, to detect soiled notes in stapled condition. The inspection follows the report that several banks, instead of remitting ... More PUBLIC SECTOR BANKS SBI Mutual to ride on parent's network SBI Mutual Fund is making fresh moves to ride on State Bank of India's branch network. There are efforts to tie up with the associates of the parent bank as well. The fund, now being overseen by a set of new office-bearers, has proposed to use ... More
Plan to rope in more banks for collection of tax dues NON-PERFORMING ASSETS Dist administration helps banks recover dues The number of accounts turning bad could not be ignored. With the assistance of the District Administration, some of the public sector banks initiated recovery drives and managed to pin the defaulters. More EVENTS 
Jalan rules out repo rate cutTHE Reserve Bank of India has ruled out any change in the repurchase rate in the immediate future, but said the inflation outlook is positive. Speaking to reporters here on Monday before attending the 32nd annual meeting of the Asian Clearing ... More CO-OPERATIVES 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 Pakistan Diary Indo-Pak Monitor Indo-China Relations 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 Jun. 8-Jun. 14 Forex reserves up $513 m LIC agrees to cut lending rates to home finance arm A window of opportunity for corporates `Sensitive' lending up 17 pc New pvt banks in no mood for rural spread Resident foreign currency a/c scope widened G-secs buyback: No special treatment for smaller banks Govt's buyback plan runs into rough weather — Banks hesitant over vague tax sops; insurers keen to protect income PSU bank stocks lose most in panic selling Public sector general insurers — Govt gets GIC stake for free Banking on Jalan at the helm |
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