Financial Daily from THE HINDU group of publications
Tuesday, March 29, 2005
Financial Daily from THE HINDU group of publications Tuesday, March 29, 2005 |
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MONEY & BANKING AUDITING ICAI issues guidance note on bank audits THE Council of the Institute of Chartered Accountants of India (ICAI) has approved the Draft of the Guidance Note on Audit of Banks, which is meant to alert auditors on the detection of money laundering activities. The ICAI has pointed out that ... More FOREX Rupee weakens; bonds in range MUMBAI: The rupee ended at 43.78 against the US dollar on Monday, lower than the previous close of 43.75/7550. The rupee hit an intra-day low of 43.82/83 after opening at 43.79/80 and remained largely range-bound. There was some ... More CREDIT POLICY Credit Policy statement on April 28 — New risk management products likely THE Reserve Bank of India will unveil its annual policy statement for 2005-06 on April 28. Bankers expect the policy to be benign on the interest rate front but said that some new products for risk management may be permitted. "We feel that ... More SOFTWARE Laser Soft tool for United Bank CHENNAI: Laser Soft Infosystems Ltd has provided United Bank of India its "e-Circular," which facilitates instant delivery of circulars, application formats and loan agreements from head office (in electronic form) to all branches and ... More GENERAL INSURANCE General insurers pitching to provide risk cover to port trusts GENERAL insurance companies have begun pitching for providing risk cover to port trusts in the country after the devastating impact of the tsunami that hit the East coast on December 26 last year. Among the insurance companies in the lead for ... More PRIVATE BANKS 
Karnataka Bank to increase number of branches to 400KARNATAKA Bank is planning to increase the number of its branches to 400, from the present 379, by the end of March 2006, according to Mr Ananthakrishna, its Chairman. He was speaking to reporters here on Monday after the inauguration of the ... More
South Indian Bank branches
South Indian Bank opens new branch in Coimbatore FINANCIAL INSTITUTIONS ECGC signs pact with Commerce Ministry EXPORT Credit Guarantee Corporation of India Ltd (ECGC) has signed a memorandum of understanding (MOU) with the Ministry of Commerce and Industry for the year 2005-06. According to a press release, under the MOU, ECGC has committed to conduct ... More GOVT BONDS Centre to borrow Rs 83,000 cr in H1 THE Central Government is scheduled to borrow Rs 83,000 crore from the domestic debt market through issuances of marketable dated securities in the first half of the fiscal 2005-06, as per Reserve Bank of India's issuance calendar. The Centre ... More NON-PERFORMING ASSETS No presiding officer at DRT Coimbatore THE Debt Recovery Tribunal (DRT) in Coimbatore has been without a permanent Presiding Officer for over a year now. The Presiding Officer of DRT II Chennai, Mr Vijayakumar, has been holding forte until recently. He has since taken additional ... More SHORT TERM INSTRUMENTS Rs 7,770 cr issuance under MSS THE Government has scheduled a net issuance of Rs 7,770 crore through treasury bills under the Market Stabilisation Scheme, for the first half of the fiscal 2005-06, as against an issuance of Rs 35,500 crore in the first half of 2004-05. An RBI ... More REGULATORY BODIES & RULINGS New IRDA norms for marine, war risk covers THE Insurance Regulatory and Development Authority (IRDA) has decided to de-tariff marine hull insurance and underwriting ofwar risk insurance for marine hulls from April 1. Accordingly, the insurance regulator has announced new guidelines for ... More ALLIANCES & JOINT VENTURES 
Allahabad Bank-PNB Kazakh venture set for take-offTHE Kazakhstan joint venture subsidiary between Allahabad Bank and Punjab National Bank (PNB) is expected to take off within the next two months. Addressing a press conference here today to announce the launch of its follow-on public offer, the ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Mar. 20-Mar. 26 Bonds weak on oil concerns, $ loan prepayment Pension Bill tabled; Left stages walkout i-flex keen to buy insurance product HDFC joins SBI to float real estate venture fund Nabard to hike refinance rates Time to compress rural credit delivery system Big ticket deposits: Private banks doing better |
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