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Wednesday, May 05, 2004

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MONEY & BANKING

FOREX
`Shift to euro is tough choice for exporters'
EVEN though the euro emerged as the most preferred currency, after the US dollar, for billing by Indian exporters, the exporting community feels that a move to the euro as an alternative currency is a difficult choice on the ground. This has ... More

STOCKS
Allahabad Bank touches highest volume on NSE
THE Allahabad Bank stock on Tuesday achieved the highest-ever volume figures on the NSE and a 52-week high on better results, improvement in its fundamentals and a proposed public issue of Rs 100 crore. On the NSE, the counter's traded quantity ... More

FINANCIAL PERFORMANCE
I-Sec net up 52 pc at Rs 165 crore
ICICI Securities (I-Sec), the investment banking, equity broking and primary dealership arm of ICICI Bank, has posted a net profit of Rs 164.6 crore for the full year ended March 2004, up 52.2 per cent from Rs 108.2 crore in the previous year. ... More

CONSUMER FINANCE
United Bank cuts rates for educational loans
UNITED Bank of India has reduced the rate of interest on educational loan under the United Educational Loan Scheme. The rate has been slashed from 10 per cent to nine per cent for loan up to Rs 2 lakh and to 9.5 per cent for loan above Rs 2 ... More

GENERAL INSURANCE
United India products at Syndicate Bank branches
THE public sector unit, United India Insurance Company Ltd (UIICL), proposes to rationalise its offices after its bancassurance arrangements with Syndicate Bank. Briefing reporters after signing the bancassurance agreement here today, Mr ... More

PUBLIC SECTOR BANKS
Dena Bank plans Rs 80-cr float
Mr Khandelwal said M&As within the sector would provide the scope for the next round of reforms. More

  • Canara Bank opens ATMs

    TRADE & LABOUR UNIONS
    Pay revision: AIBOC firm on better terms
    WHILE the All-India Bank Officers' Confederation (AIBOC) has expressed its readiness to cooperate for an early salary revision settlement, it has categorically stated that it would want the Indian Banks' Association (IBA) to come out with an ... More


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  • Top Stories
    Tirupur knitwear exports set to touch $1 billion


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    To cope with increased demand — SEBI strengthening tech infrastructure

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    274 Central sector projects suffer cost, time overruns

    `Shift to euro is tough choice for exporters'

    Looking back
    Apr. 25-May. 1
    Thin dividing line between insurance and MF products

    CRR hike in offing?

    When will Fed raise rates?

    Bank stocks crash as RBI announces dividend policy

    RBI cuts down on US T-bonds


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