Financial Daily from THE HINDU group of publications
Thursday, May 19, 2005
Financial Daily from THE HINDU group of publications Thursday, May 19, 2005 |
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MONEY & BANKING OVERSEAS BORROWINGS Bank of Rajasthan to raise funds abroad BANK of Rajasthan Ltd plans to raise up to Rs 1,000 crore through overseas funds to shore its capital adequacy ratio and for expansion. However, the instrument for raising the money and the amount will be decided after shareholders' approval, ... More FOREX Rupee steady; gilts in range MUMBAI: The rupee marginally weakened against the dollar on Wednesday on the overnight strengthening of the greenback against major currencies, but ended nearly unchanged at 43.49/50, from Tuesday's 43.49. A dealer at a private bank said ... More NBFCS RBI cancels licence THE Reserve Bank of India has cancelled the certificate of registration issued to B M Motor Finance Private Ltd, Chandigarh, for carrying on the business of a non-banking financial institution. The RBI has mandated that B M Motor Finance ... More PRIVATE BANKS Karnataka Bank in Ranchi MANGALORE: Karnataka Bank Ltd opened its 383rd branch at Ranchi recently. A bank release said here on Wednesday that Mr Inder Singh Namdhari, Speaker of Jharkhand Legislative Assembly, inaugurated the branch. He expressed the hope that ... More
NON-PERFORMING ASSETS NPAs in the shopping cart Mohan R. Lavi looks at the new draft guidelines that permit banks trade amongst themselves in NPAs More SHORT TERM INSTRUMENTS T-bill auctions fully subscribed AUCTIONS for the 91-day treasury bill and the 182-day treasury bill on Wednesday were fully subscribed. The notified amount for the 91-day treasury bill was Rs 2,000 crore. The RBI received 54 competitive bids, amounting to Rs 7,723 crore. ... More OVERSEAS INVESTMENTS Steady investments by RBI, institutions — US treasury holdings at record $18.4 b in March Among the factors that propelled the increase in US treasury holdings was accumulation of foreign exchange reserves. More IPOS IDFC files draft prospectus for IPO INFRASTRUCTURE Development Finance Co Ltd (IDFC) has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for a public issue of 40.36 crore equity shares of Rs 10 each. This comprises a fresh issue of 12 ... More CO-OPERATIVES Kerala gets Rs 1,252 cr in co-op recoveries THE one-time settlement scheme implemented from October 2001 in the co-operative sector ended on March 31 this year, yielding Rs 1,251.86 crore in recoveries and a net of Rs 143.09 crore in concessions granted to borrowers. Briefing newsmen ... More OUTLOOK 
United Bank hopes to achieve Rs 50,000-cr business in 2 yearsUNITED Bank of India hopes to top Rs 50,000 crore of business over the next two years, a marked step-up from the current level of Rs 37,000 crore. It expects to clock a post-tax profit of Rs 500 crore in the current fiscal, up from Rs 310 crore ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back May. 8-May. 14 Forex reserves fall $648 m on euro revaluation Debit card usage at point-of-sale rising Indian Bank IPO in H1 at `significant' premium Merger moves don't go far enough `Banks must recognise credit rating of SSIs by independent agencies' |
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