Financial Daily from THE HINDU group of publications
Wednesday, February 23, 2005
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Financial Daily from THE HINDU group of publications Wednesday, February 23, 2005 |
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MONEY & BANKING NRIS NRIs account for chunk of UAE remittances INDIAN expatriates in the UAE accounted for a major share of the Dh 40 billion ($9.5 billion) remitted by 2.1 million expatriates last year, according to a statistical report released by the Abu Dhabi Chamber of Commerce and Industry. The ... More FINANCIAL SERVICES PNB Gilts revamp under way PNB Gilts Ltd, one of the three subsidiaries of Punjab National Bank, is being revamped. The bank, which holds about 74 per cent in PNB Gilts, proposes to assist it in achieving the desired numbers, indicated Mr S.S. Kohli, CMD of PNB, adding ... More INSIGHT 
Banks earning more from non-banking activities?IF you thought the main business of Indian banks was banking, that is accepting deposits and lending them at a profit, you are hopelessly out of date. The first change was with the advent of social banking in 1969. It was the volume of ... More FOREX Rupee moves up; bonds shed gains MUMBAI: The rupee continued its firm trend and ended stronger against the dollar on heavy exporter sales of the US currency. The rupee opened with a gap at 43.74/75 against the dollar and edged up further to 43.68/69, before closing at ... More SOFTWARE Oracle to help banks comply with Basel II ORACLE India plans to capitalise on the Indian financial market's need to comply with Basel II norms. The enterprise software company with the only Basel II compliance module in the market expects to help existing customers of its financial ... More HOUSING FINANCE LIC Housing Finance seeks State Govts' help LIC Housing Finance plans to establish a chain of `assisted living community centres', also known as `care homes' for the aged. The company, which has flagged off its project in Bangalore, has approached a few other State Governments for setting ... More LIFE INSURANCE AMP Sanmar hikes capital to Rs 217.1 cr AMP, Australia and the Chennai-based Sanmar Group have added fresh capital of Rs.57.10 crore to their life insurance joint venture, AMP Sanmar, taking the company's capital to Rs 217.10 crore. The additional capital matches the current ... More GENERAL INSURANCE 
Tata AIG ties up with TT EnterprisesTATA AIG General Insurance Company Ltd has announced an alliance with Chennai-based TT Enterprises, a TTK group company. Integral to the tie-up are TT Enterprises' alliance with AIG International Services (AIGIS), USA, and the launch of ... More
Insurance cos against marine cover de-tariffing FINANCIAL POLICY 
`Autonomy move pleasant surprise'BANKERS have hailed the Government decision to grant managerial autonomy to the State-run banks. "It was a pleasant surprise to see that the Government has taken the swiftest decision on banking issues yet, after the January 28 meeting the ... More DEBT MARKET US bonds hit by Greenspan, PPI Should inflation pick up beyond the Fed's comfort level, a more aggressive interest rate stance is certain. More PRIVATE BANKS South Indian Bank plans UAE office SOUTH Indian Bank plans to open a representative office in the UAE, for which preliminary efforts are under way. Speaking at the inaugural function of the Noida branch, the Bank Chairman, Mr A. Sethumadhavan, said that the bank would be ... More
Dhanalakshmi Bank plans to raise Rs 20 cr
Dhanalakshmi Bank opens another branch in Chennai PUBLIC SECTOR BANKS 
Govt clears autonomy package for PSU banksTHE tussle in the banking space would now be on an equal footing with the Ministry of Finance today clearing a new autonomy package for public sector banks aimed at creating a level-playing field for state-owned banks with their private sector ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment The Yuan Revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
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Looking back Feb. 13-Feb. 19 Forex reserves dip by $806 m Securities rally on surge in liquidity PSBs may be allowed to offer equity abroad — Move to ease norms for roadshows by top brass Fresh Left pressure on FDI cap hike Deloitte to advise PNB on UK subsidiary — Bank's second public offer to open on March 7 |
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