Financial Daily from THE HINDU group of publications
Wednesday, January 09, 2002
| Forex Rates Jan. 8 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, January 09, 2002 |
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MONEY & BANKING FOREX Rupee weak; gilts decline MUMBAI: THE rupee closed marginally weaker at 48.27/28 per dollar as compared to the previous close of 48.2550/2650 in a lacklustre forex market. The rupee opened at 48.25/27 to the dollar and was driven to an intra day low of 48.30, following ... More NBFCS Tata Finance to shut down non-core unit TATA Finance Ltd (TFL) on Tuesday said that it is shutting down one of its non-core divisions. ``As part of the ongoing restructuring, one of the divisions of Tata Finance, employing about 40 out of 940 employees, is proposed to be shut down. ... More HOUSING FINANCE PNB cuts rates for housing loans PUNJAB National Bank (PNB) on Tuesday announced a reduction in the interest rates on housing loans while at the same time increasing the repayment period by five years to a maximum of 25 years.The bank has also announced a waiver of processing ... More LIFE INSURANCE OM Kotak Mahindra Life launches 2 group plans OM Kotak Mahindra Life Insurance Company Ltd on Tuesday launched its group insurance products — `Kotak Term Grouplan' and `Kotak Credit-Term Grouplan'. The group products will be aimed at the middle and large corporates, the Managing ... More GENERAL INSURANCE United India's premium income up Rs 150 cr UNITED India Insurance's premium income for April-December 2001 stood at Rs 2,020 crore, up Rs 150 crore on that recorded in the same period last year, the Chairman and Managing Director, Mr V. Jagannathan, said. Addressing presspersons at the ... More
`Third-party licences to be issued soon' FINANCIAL POLICY US Fed: Pause likely before next move EVERY piece of economic data that has come out of the US in recent weeks has put a positive spin on recovery prospects. The Fed's medicine of interest rate cutting to the lowest level seen in 40 years seems to be working. Last Friday saw the ... More PRIVATE BANKS Bank of Punjab opens office in Canada NEW DELHI: Bank of Punjab has opened a representative office at Missisuaga in Ontaria, Canada. The office will help the bank tap the business potential of the sizeable Indian immigrant population in the region. The bank has said it also ... More INTEREST RATES REC lowers interest rates To strengthen recovery, REC is now insisting on added security mechanisms such as default escrows. Projects offering default escrows also get the benefit of lower interest rates. More CREDIT CARDS & DEBIT CARDS BoBCards medicare plan for members BOBCARDS Ltd, promoted by Bank of Baroda, has designed a user-friendly medicare plan for its card members. The credit card major has teamed up with the Kolkata-based Medicare Service Club and National Insurance Company Ltd to formulate a Group ... More E-COMMERCE & E-BUSINESS ICICI seeks e-security norms E-payments would open new revenue streams for banks by providing e-payment services, increasing consumer borrowings and merchant deposits. More Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Dec. 30-Jan. 5 HDFC cuts retail PLR by 0.5 pc A requiem for small savings? Bank strike today Bank strike hits operations |
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