Financial Daily from THE HINDU group of publications
Tuesday, February 21, 2006
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Financial Daily from THE HINDU group of publications Tuesday, February 21, 2006 |
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MONEY & BANKING FOREX Rupee edges up; bonds stay flat MUMBAI: The rupee edged up against the dollar buoyed by the upturn in domestic stock prices on Monday. The domestic currency opened at 45.41 and touched an intra-day low of 44.45. It, however, ended the day at 45.37, up from Friday's ... More HOUSING FINANCE Canara Bank Home Loan fest THIRUVANANTHAPURAM: The Minister for Revenue, Mr K.M. Mani, inaugurated a three-day Canara Bank Home Loan Festival here on Monday. Mr P. Mohanan, Deputy General Manager, Canara Bank, presided over the function. Ms Mythili ... More
KSHB to cut interest rates
LIFE INSURANCE New York Life to set up AMC NEW York Life, the foreign partner in the Indian joint venture of Max New York Life Insurance Company, plans to set up an asset management company (AMC) in India. The company could also enter other sectors such as pension and distribution of ... More GENERAL INSURANCE IFFCO-Tokio General eyes overseas biz IFFCO-Tokio General Insurance Co (ITGI) has started scouting for opportunities to expand its operations in markets outside the country. "We are looking at expanding abroad. Currently we are studying the business potential in different markets ... More PRIVATE BANKS UTI Bank opens branch at Miryalaguda HYDERABAD: UTI Bank has announced the inauguration of its branch at Miryalaguda in Nalgonda district on Monday. The bank's President, Mr S.K. Chakrabarti, inaugurated the branch, according to a press release. ... More PUBLIC SECTOR BANKS Bank of Rajasthan moves out — Allahabad Bank's insurance venture equity restructured THE general insurance joint venture mooted by Allahabad Bank, which originally had Bank of Rajasthan (BoR) as one of its stakeholders, will now have a new equity-sharing arrangement. BoR has moved out and its 10 per cent allotment will be ... More GOVT BONDS G-Sec sale cancelled THE Government has cancelled a scheduled auction of government papers worth Rs 5,000 crore to be held before February 22, a release from the Reserve Bank of India said. The bond market is expected to react positively to this cancellation and ... More NON-PERFORMING ASSETS UTI Bank recovers Rs 10.5-cr Sumeet dues via land sale `The `Sumeet' brand name was also hypothecated with the bank and the bank might sell it if necessary' More CREDIT MARKET For second year running — Bank loan growth set to top incremental deposits BANKS, they say, accept deposits for the purpose of lending. But what happens if banks have to lend more than what they get as deposits? For the second year running, loans given by the banking system during the fiscal may exceed deposits that ... More ALLIANCES & JOINT VENTURES ICICI Bank ties up with Germany's BayernLB ICICI Bank has tied up a German bank BayernLB for providing services in treasury, capital markets, syndicated loans, trade finance and cash management. The two banks will also provide reciprocal support for their respective customers. The ... More CO-OPERATIVES TN urban co-op bank staff strike work, over wages ALLEGING the State Government of anti-employee stance in extension of benefits including wage revision, employees of urban cooperative banks struck work on Monday, in almost all the districts of Tamil Nadu. About 3,000 employees working in 110 ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Infrastructure woes stare IT sector IPO Scams FDI in retail sector Dynamic Tirupur Surging Sensex Gold scaling new highs
In Depth Gender Justice Simple Economics Tax Talk
Looking back Feb. 12-Feb. 18 Weather insurance slow to gain acceptance in India Women score high in micro finance `Sub-PLR lending will continue' Life insurance premiums up 51 pc in 9 months — ICICI Pru leads private pack; LIC has 209 pc more lives covered Unit-linked policies are growth drivers — Insurers find it capital-efficient Banks halt deposit-based lending to corporates `Market can absorb home loan rate hikes' — More disbursals by lenders; more younger borrowers Indian cos raise $10 b via ECB route in 9 months |
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