Financial Daily from THE HINDU group of publications
Friday, January 04, 2002
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Financial Daily from THE HINDU group of publications Friday, January 04, 2002 |
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MONEY & BANKING FOREX Re steady; securities gain THE rupee ended on Thursday at 48.25/2575 against the dollar almost similar to the previous close of 48.24/25 in an otherwise lacklustre forex market. Dealers said that the currency is looking to settle in a range after the last few days of ... More NBFCS NBFCs cheered by RBI's rationalisation measures NON-BANKING financial companies (NBFCs) have reason to be happy with the rationalisation measures announced by the Reserve Bank of India two days ago. What may be particular cause for satisfaction is the RBI's acceptance of their plea for ... More GENERAL INSURANCE Public insurers may raise agency commission THE public sector general insurance companies are expected to increase the agency commissions over and above the self-imposed ceiling of five per cent. Sources here said the move was being adopted since all the private sector companies were ... More RBI & OTHER CENTRAL BANKS RBI seeks more time on segment reporting Some banks are understood to have told the RBI that such an accounting principle would prove to be an additional burden for banks as they already have a lot of financial reporting to make to the RBI itself. More NON-PERFORMING ASSETS Multilateral agencies to be roped in -- Asset reconstruction co equity to private sector The ARC Committee, in its report submitted to the Government in late November, had said that the equity capital should be split between nearly 31 identified PSU banks and FIs, all of whom would be required to contribute a minimum of Rs 5 crore. More REGULATORY BODIES & RULINGS IRDA to set up panel on bancassurance AMIDST differences between insurance companies and banks on the modalities of operationalising the system of bancassurance, the Insurance Regulatory and Development Authority (IRDA) has decided to constitute a separate sub-committee that would ... More TRADE & LABOUR UNIONS Bank strike today A SECTION of bank employees is all set to strike work on January 4 in protest against the alleged anti-labour practice of Standard Chartered Bank. The strike call was given by the All-India Bank Employees' Association (AIBEA) which alleged that ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 |
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