Financial Daily from THE HINDU group of publications
Thursday, June 09, 2005
| Forex Rates | ||||||
|
Financial Daily from THE HINDU group of publications Thursday, June 09, 2005 |
|
||||||||
|
|
|||||||||
|
MONEY & BANKING INVESTMENT BANKING Rabo India starts merchant banking RABO India Securities, a wholly owned subsidiary of Rabo India Finance, started its merchant banking activities with an initial capital investment of Rs 5.5 crore, said a press release. Rabo India Securities (RIS) will offer investment banking ... More FOREX Rupee rises further; g-secs see gains MUMBAI: The rupee strengthened further against the US dollar on Wednesday on the back of strong inflows. The rupee opened at 43.52/53 and closed firm at 43.49/50, up from 43.5425 on Tuesday. A dealer at a private bank said, "Many companies are ... More INSURANCE Patni BPO services suite for insurers PATNI Computer Systems Ltd has announced the launch a BPO Services suite specifically designed for insurance companies. The "Defined Contribution BPO service suite" will allow insurance companies to offload common record keeping tasks ... More SOFTWARE i-flex tool for Austrian bank MUMBAI: BAWAG PSK, Austria's third largest banking group, has selected i-flex Solutions' flagship product suite, FLEXCUBE, to replace its core banking solutions in central and east European countries, according to a release. The ... More FINANCIAL INSTITUTIONS 
IDBI open to growth through acquisitions — Focus now on branch, ATM network expansionTHE Industrial Development Bank of India (IDBI) in its post-merger avatar has chalked out a growth strategy that includes acquisition and merger of banks with strong presence in commercial banking space and reasonable global ... More NON-PERFORMING ASSETS Securitisation Act and DRTs — Ministry rules out simultaneous bad debt recovery proceedings LENDERS will have to continue to package their bad debt recovery effort within the legal limitation period. This follows the Finance Ministry ruling out the possibility of allowing them to initiate simultaneous proceedings before the Debt ... More CREDIT MARKET 
Banks prefer medium-term loansMEDIUM-term loans (that is, loans of 1-to-3-year duration) are what banks seem to prefer giving. The pattern of residual maturity of advances of 19 public sector banks with cumulative lending of a little over Rs 5 lakh crore shows that about ... More SHORT TERM INSTRUMENTS T-bill auctions fully subscribed THE auctions of the 91-day and 364-day Treasury Bills were fully subscribed, according to a press release from Reserve Bank of India. The notified amount for both T-bills was Rs 2,000 crore. For the 91-day T-bills, RBI received 49 ... More OUTLOOK Banks sight treasury gains Large-scale buying by insurers and wider participation in ready forwards have helped. More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back May. 29-Jun. 4 Forex reserves down $520 m Life insurers, MFs keep bond market buoyant Insurers may hike premiums on corporate medical covers Insurers prefer corporate agency tie-ups to referrals NGO's 2-pronged strategy to help raise milk yield Tax on cash withdrawals takes effect Medium term bank deposits continue to rule supreme! IBA signs wage pact with unions NBFCs allowed to borrow overseas |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home | Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |