MONEY & BANKING
INSIGHT
Indian banks expanding overseas
INDIAN banks are following Indian business - in going abroad. During the past few months a number of banks have announced plans to expand their international operations. Indian banks had 93 branches outside India at the end of March 2003. That ...
More
FOREX
Re slides to 44.53 on global market blips
IN what may have come as a temporary respite to exporters, uncertainties in the global financial markets along with apprehensions over the domestic political scenario have caused the rupee to close sharply weaker at 44.53 against the ...
More
Rupee down 11 paise; gilts up
MUMBAI: The rupee closed at 44.52/53 per dollar amid aggressive dollar buying across the board on Friday, around 11 paise weaker than Thursday's closing at 44.40/42. After opening the day at the 44.33 levels, the domestic currency ...
More
PRIVATE BANKS
ICICI Bank: All-round improvement
ICICI Bank has turned in a picture-perfect performance spoilt only by the recent RBI restrictions on dividend declaration that ensured zero growth in dividend per share and a fall in dividend payout ratio. ICICI's net profits have grown at a ...
More
PUBLIC SECTOR BANKS
Union Bank ties up with UAE co for money transfer
UNION Bank of India has signed an agreement to facilitate international money transfer services using UAE Exchange Company's `Xpress Money'. UAE Exchange and Financial Services Ltd, which is specialising in money transfers and money exchange ...
More
FINANCIAL INSTITUTIONS
Single investor must have control over ARCs: Report
`Investments by independent investors have been a key driver of success for the structure for asset reconstruction in other countries.'
More
CREDIT MARKET
ICICI Bank to use issue proceeds for retail lending
ICICI Bank is to utilise the proceeds of the Rs 3,500 crore public issue largely for retail lending. Smaller amounts are also to be used for the loss-making insurance arm and for global activities. The thumb rule is 80 per cent of the funds are ...
More
FIXED DEPOSITS
Navabharat Bank's insurance deposits
AIMED at augmenting the retail deposit base and building confidence among retail depositors, Navabharat Bank, the city-based urban cooperative bank, has launched a new deposit scheme called `Navabharat Samraksha,' which provides personal accident ...
More
CO-OPERATIVES
Urban coop bank directors nudge Finance Ministry to lift loan ban
IT may seem ironic that at a time when most banks are chasing potential customers with attractive loan offers, a section of senior bank functionaries is desperately pleading for freedom to access loans from their own banks. The aggrieved ...
More
Greater Bombay Co-op bank gets ISO accreditation
THE Greater Bombay Co-operative Bank has acquired ISO 9001:2000 certification for 14 out of its 15 branches and one extension counter in Mumbai. The ISO certification is accredited by BVQI (India) Pvt Ltd, the independent certification body of ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds