![]() Financial Daily from THE HINDU group of publications Wednesday, April 13, 2005 |
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MONEY & BANKING FOREX Rupee edges lower; gilts listless MUMBAI: The rupee market was dull on Tuesday, with the spot trading against the dollar in a narrow range between Rs 43.6950 and Rs 43.7050, in the absence of import-export booking, said dealers. The rupee ended at 43.72/73r, marginally ... More TAXATION ICAI wants cash transaction tax move dropped THE Institute of Chartered Accountants of India (ICAI) has urged the Government to withdraw its proposal to levy a banking cash transaction tax, stating that the proposed measure may not give the desired result of checking tax evasion. The ... More HOUSING FINANCE Home loans set to turn costlier HOME loans may become dearer to borrowers in the near future. Banks and financial institutions are understood to be considering a 25-50 basis points hike in housing loan rates shortly, given the steady hardening in domestic bond yields. The ... More LIFE INSURANCE ICICI Pru premium grows 77 per cent ICICI Prudential has grown to acquire a market share of seven per cent by registering a growth of 77 per cent. The company has declared an annualised premium of Rs 1,256 crore for 2004-05 against Rs 707 crore in the previous fiscal. It had ... More
ICICI Lombard, Maharashtra Govt pact to insure farmers GENERAL INSURANCE New Bajaj Allianz schemes for travellers to Asia BAJAJ Allianz General Insurance has introduced two new, low-cost travel insurance plans for travellers to Asian countries. The plans Travel Asia Flair and Travel Asia Supreme are an extension of its basic plan Travel Companion. ... More DEBT MARKET Bonds clearly moving into `buy' territory One of the major triggers for the sharp fall in bond prices was the auction cut-off yield of 6.85 per cent for 2012 paper. More NON-PERFORMING ASSETS RBI draft guidelines Credit risk on banks purchasing NPAs BANKS will be allowed to buy or sell non-performing financial assets from or to other banks only on a `without recourse' basis, according to the Reserve Bank of India's draft guidelines on the purchase or sale of non-performing assets (NPAs). ... More
ARCIL bad loan buys cross Rs 15,000 crore
CO-OPERATIVES Rural co-ops upbeat over `fiat' to Vaidyanathan panel THE long-lending co-operative credit institutions are poised to win a major battle for survival, with the Centre having reportedly given in to their demand for suitably amending the terms of reference (TOR) of the Vaidyanathan Task Force on Rural ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Apr. 3-Apr. 9 Forex reserves down $1.22 b at $140.9 b The RBI Governor's policy options Explosive growth in micro-loan disbursements Banks losing interest in long-dated G-secs April 28 deadline set for pension panel report PF subscribers face housing loan woes |
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