Financial Daily from THE HINDU group of publications
Thursday, March 10, 2005
Financial Daily from THE HINDU group of publications Thursday, March 10, 2005 |
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MONEY & BANKING INSIGHT 
NBFCs — creditable but unrecognised roleIn a large country like India with substantial service sector activity, it is important that the role played by NBFCs in credit provision is recognised. They have an extensive network and credibility among their constituents, both borrowers and lende rs. In fact, for the unorganised sector they are the source of finance. But they are being given the short-shrift, says R. Vaidyanathan. More FOREX Govt may ease norms for ECBs — Curbs on foreign currency convertible bonds to go THE Government may relax certain norms governing external commercial borrowings (ECBs) to enable Indian companies borrow abroad at lower cost, a senior Finance Ministry official indicated today. Addressing an interactive session on the Foreign ... More
Rupee up 8 paise; securities decline LIFE INSURANCE Insurance sector faces high rate of attrition When the rejections start and the doors start getting banged in the face, new agents confront failure. The dropouts begin. More
PRIVATE BANKS Karnataka Bank CoD gets `A1+' KARNATAKA Bank Ltd has secured `A1+' rating for its Certificate of Deposit programme. A bank release said here on Wednesday that this indicates highest credit-quality rating assigned by ICRA to short-term instruments. Instruments rated in ... More
Aga Khan Fund to infuse Rs 140 cr in DCB PUBLIC SECTOR BANKS Andhra Bank aims for steady growth ANDHRA Bank is aiming at steady growth and is seeking to increase its branch network outside Andhra Pradesh too to emerge a major player in the banking sector, said Mr T.S. Narayanasami, Chairman and Managing Director of the bank At a press ... More
CanBank business plans for Hyderabad CREDIT MARKET Gross bank credit up 28 pc GROSS bank credit has increased by 28.44 per cent on a year-on-year basis, for the period up to February 18, as per the Reserve Bank of India's fortnightly data on the business of scheduled banks. The central bank, so far, has been releasing ... More
CO-OPERATIVES Development of co-op sector stressed MANGALORE: The Karnataka Cooperation Minister, Mr R.V. Deshpande, has said that there should not be any interference in the functioning of cooperative institutions. Inaugurating the decennial celebrations of Sri Ramakrishna Credit ... More
AP Co-op Act to be amended BOOKS Book on Indian banks MANGALORE: The Chairman and Managing Director of Syndicate Bank, Mr K. Kantha Kumar, will release a book on `Indian banks: Profitability, popularity and publicity' — authored by the former Syndicate Bank CMD, Dr N.K. Thingalaya ... 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
In Depth Gender Justice Simple Economics Tax Talk
Looking back Feb. 27-Mar. 5 Centre's market borrowings may rise 68 pc next fiscal Law soon to allow banks to issue pref shares Net worth floor for private banks fixed at Rs 300 cr Service tax exemption on forex payments to go Migration of high net worth individuals to foreign banks |
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