Financial Daily from THE HINDU group of publications
Tuesday, November 22, 2005
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Financial Daily from THE HINDU group of publications Tuesday, November 22, 2005 |
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MONEY & BANKING PENSION PLANS UPA-Left meet helps iron out differences on Pension Bill — Consensus on divestment in profit-making non-Navratna PSUs In response to the Left concern that employees' pension funds would be left to the vagaries of the stock markets, the Government has indicated that amendments would be incorporated to provide for an option of a fund that would invest 100 per cent of its corpus in Government securities. More INSIGHT Banking reforms marginalising the small, tiny sectors JEAN TARDIF in his article The Hidden Dimensions of Globalisation: What is at Stake Geo-culturally? says: "Since the 1648 Treaty of Westphalia, national territories have been the foundation of international relations based on ... More FOREX `Rupee to stay relatively stable' THE chief economist of HSBC (Asia-Pacific), Mr Arup Raha, believes that rising Fed rates and high oil prices are a major concern today. He adds that oil prices are likely to fall further. While the rupee is expected to remain steady, dollar is ... More
Rupee, bonds stay range-bound HOUSING FINANCE Dewan Housing Finance earmarks Rs 2 cr for Kochi To provide shelter to the economically weaker sections of society, Dewan Housing Finance Corporation Ltd has announced that it will disburse Rs 2 crore in Kochi in the current financial year for construction and extension of houses. The ... More GENERAL INSURANCE Insurance cover for labourers THIRUVANANTHAPURAM: The SP Fort Hospital has teamed up with United India Insurance Company to introduce a unique insurance policy to provide accident and trauma care to the loading and unloading employees engaging themselves in the Chalai ... More PRIVATE BANKS 
Federal Bank plans to complete $80-m GDR issue before Dec 15FEDERAL Bank plans to complete its $80-million GDR (global depository receipts) issue before December 15. The issue is expected to funnel in an additional Rs 350 crore and increase the net worth of the bank to Rs 1,100 crore. This will take ... More
Cash counters for soiled notes PUBLIC SECTOR BANKS CVC unlikely to loosen grip on top public sector bank officials Freeing more tiers of the banking sector from the purview of the CVC has been a long-standing demand of PSU banks. Banks have pointed out that the lurking fears of a probe by the Commission are having an adverse impact on decision-making. More
Canara Bank opens 23rd branch in Mangalore
SBT offers mediclaim facility for customers
No frills a/c from Allahabad Bank
Syndicate Bank gets Govt nod for BPO unit
Union Bank sets Rs 1,600-cr target for retail marts INTEREST RATES Dena Bank raises term deposit rates DENA Bank said it has increased the interest rates on domestic term deposits with effect from November 21, by 25 basis points. For deposit amount up to Rs 15 lakh the revised rates on various maturities are 5.75 per cent (5.5) for period of ... More CREDIT MARKET 
Now, most banks focus on SMEsWith the Government and the Reserve Bank of India urging banks to step up lending to this sector, most banks are offering dedicated services and products to this segment. Bankers say the segment is likely to see a growth of over 30 per cent this ... More FIXED DEPOSITS 
Allahabad Bank raises NRE deposit ratesOur Kolkata Bureau reports: Allahabd Bank has raised interest rates on NRE deposits with effect from November 18. The NRE savings bank deposit rate has been lowered to 3.5 per cent, down from 4.2 per cent. This is in line with the ... More
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