The Hindu Business Line : Saturday, February 05, 2005

Any alternative to FII, FDI funds for banks?
If the Fed can regulate and supervise Citi and other banks, it is equally possible for RBI to do the same. More

FOREX

Rupee weaker; gilts in range
MUMBAI: The rupee closed at 43.46/47 per dollar in the domestic forex market on Friday, around 5 paise weaker than its closing on Thursday at the 43.42 levels. After opening at 43.47, the rupee slipped to an intra-day low of 43.53/54 on ... More

INSURANCE

Training to scribes on insurance beat
FOLLOWING the mandate of the Press Academy of Andhra Pradesh to provide training to journalists on the subject of insurance, the city-based International Institute for Insurance and Finance (IIIF) has organised a day-long round table meet for ... More

GENERAL INSURANCE

HDFC Chubb General may hike capital base soon
HDFC Chubb General Insurance Company Ltd, the joint venture between HDFC Ltd and the US-based Chubb Corporation, is considering a proposal to hike the equity capital base to meet the expanding business activities. Mr K.V. Prasad, Business Head, ... More

PRIVATE BANKS

Yes Banking on `knowledge approach'
IT is a campaign that has preferred a money plant to a celebrity. The newest entrant in the competitive banking sector, Yes Bank, takes viewers of its first television campaign through the growth stages of a money plant — a metaphor for ... More

CREDIT MARKET

More panels on micro credit for urban poor
THE Task Force on Micro-credit for the urban poor and informal sector, which held its first meeting here, has decided to set up various sub-committees to examine issues concerning the sector. These issues include structure, delivery mechanism, ... More

REGULATORY BODIES & RULINGS

No dual presence, IRDA tells Vijaya Bank — Rejects plea on tie-up with National Insurance
THE Insurance Regulatory and Development Authority (IRDA) has turned down Vijaya Bank's appeal to be allowed to continue with its bancassurance tie-up with National Insurance Co Ltd alongside equity participation as a promoter in an insurance ... More

TRADE & LABOUR UNIONS

Syndicate Bank officers' body opposes merger plan for PSBs
THE Syndicate Bank Officers' Association has opposed the proposal initiated by the Union Finance Minister to merge public sector banks to form a few big entities. Addressing newspersons here on Friday, the president of the association, Mr ... More

Nabard staff on dharna
HYDERABAD: Officers and staff of the National Bank for Agriculture Reconstruction and Development (Nabard) have staged a dharna in front of their offices. They are demanding parity with the Reserve Bank of India (RBI) on special ... More

EVENTS

Federal Bank to host seminar on trading in gilts
FEDERAL Bank will be hosting a one-day seminar on investment, trading and operations of Government securities on Saturday at Guwahati. Representatives of cooperative banks in the North Eastern region, corporates and high networth individuals ... More

IPOS

10 FIIs buy into Dena Bank stock
THE Dena Bank public offer was oversubscribed 12 times, Mr Anil Khandelwal, Chairman and Managing Director, said. About Rs 2,600 crore was collected. Both retail and FII participation were strong. 5,22,000 retail applications were received. ... More

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