Financial Daily from THE HINDU group of publications
Thursday, March 24, 2005
Financial Daily from THE HINDU group of publications Thursday, March 24, 2005 |
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MONEY & BANKING PENSION PLANS Pension Fund Bill referred to panel; Ordinance to lapse THE Government on Wednesday referred the Pension Fund Regulatory and Development Authority (PFRDA) Bill to the Parliamentary Standing Committee on Finance. "The Government has decided to refer the Bill to the Parliamentary Standing Committee ... More FOREX Rupee weakens; bond prices fall MUMBAI: The rupee ended at a one-month low of 43.77/78 against the dollar after touching an intra-day low of 43.81. The rupee had ended at 43.7250/7325 on Tuesday. A dealer at a private bank said that the dollar strengthening against the ... More INFORMATION TECHNOLOGY Union Bank to bring 1,250 branches under CBS network THE Executive Director of Union Bank of India (UBI), Mr K. Ratnakar Hegde, has said that the bank is planning to bring 1,250 branches under core banking solution (CBS) network by December. In an informal chat with presspersons here, he said ... More
IOB to open two more ATMs SOFTWARE Egyptian bank opts for Finacle BANGALORE: Infosys Technologies said on Wednesday that Egypt's Bank of Alexandria has signed up for Finacle, its core banking solution. However, Infosys did not disclose the order size. Infosys said that it will be a long-term ... More NBFCS Cholamandalam Fin board okays NCD issue CHOLAMANDALAM Investment & Finance Company Ltd has informed the BSE that the board of directors of the company at its meeting held on March 22, has approved the issue of non convertible debentures (NCDs) on a private placement basis in one or ... More GENERAL INSURANCE ICICI Lombard's plan for cruise travellers ICICI Lombard General Insurance Company has launched a new platinum insurance plan for overseas travel, especially catered to the needs of cruise travellers. The plan offers medical and home insurance cover. According to a company press ... More PRIVATE BANKS Centurion Bank raises $70 m via GDR route CENTURION Bank raised $70 million (Rs 300 crore) through the issue of 14,583,300 Global Depository Receipts. Each GDR was priced at $4.80 and is equivalent to 15 common shares of the bank, said a press release from the bank. The GDRs will be ... More
Centurion Bank opens Tiruchi branch INTEREST RATES Nabard to hike refinance rates Yielding to the growing pressure on market interest rates, Nabard has decided to hike the rates at which it provides refinance to banks on agriculture credit from April 2005. Bankers said that they expect Nabard to hike refinance rates by ... More TRADE & LABOUR UNIONS Nabard staff court arrest in Thiruvananthapuram THIRUVANANTHAPURAM: Striking employees of the regional office of the National Bank for Agriculture and Rural Development (Nabard) marched to the main gates of the office building here on Wednesday, the first day of the two-day nationwide ... More ALLIANCES & JOINT VENTURES 
Allahabad Bank ties up with PNB for branch in Kazakhstan — Second public offer to open on April 6ALLAHABAD Bank has announced that it is setting up a 40:60 joint venture with Punjab National Bank for starting banking operations in Kazakhstan. Mr O.N. Singh, Chairman and Managing Director, Allahabad Bank, said here on Wednesday that the ... More EVENTS Talk on financial systems in Mangalore MANGALORE: The Corporation Bank Chair in Bank Management at Mangalore University will organise a talk on `Global and national financial systems: Reflections on the reform agenda' on March 28. A release by the Chair Co-ordinator, Prof ... More CO-OPERATIVES Chidambaram to hold talks with CMs on co-op credit THE Parliamentary Consultative Committee of the Ministry of Finance on Wednesday endorsed the report of the task force appointed to recommend an action plan for reviving the rural cooperative credit institutions in the country. Addressing the ... More VENTURE CAPITAL HDFC joins SBI to float real estate venture fund HOUSING Development Finance Corporation Ltd (HDFC Ltd) has forayed into the real estate fund business with the launch of HDFC Property fund, in association with State Bank of India. A trustee company (HDFC Ventures Trustee Company Ltd) and an ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Mar. 13-Mar. 19 Forex reserves up $1.9 b on inflows IDBI allots Rs 100 cr for hotel projects Current account matters in currency market Bond traders cautious on rising oil prices `Withdrawal tax may drive depositors to post offices' Managed services: A new trend in banking Forex reserves higher than required, says expert States seek interest waiver on bonds — Bankers in a fix over threat to default on payments ICICI Bank micro credit disbursements treble Fringe benefit tax may hit group superannuation schemes Insurance hits high tide in March Missing the wood for the trees |
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