Financial Daily from THE HINDU group of publications
Wednesday, January 16, 2002
| Forex Rates Jan. 14 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, January 16, 2002 |
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MONEY & BANKING FOREX Re gains 5 paise; gilts lose MUMBAI: THE rupee ended around 5 paise stronger on Tuesday at 48.29/30 per dollar as against the previous close of 48.34 in a buoyant forex market. Dealers said, State run banks have been active participants in the market playing it both ways, ... More
2002: Year of the euro? INSURANCE A different policy IF you were to think up an insurance agent, what would you come up with? A bespectacled, harassed-looking vendor of policies people are suspicious of, with a cloth bag slung over his shoulder stuffed with manuals and chasing customers ... More SOFTWARE Don't miss the message A new messaging software solution is on offer for banks. Check it out. More HOUSING FINANCE SBI mulls revival plan for home finance arm STATE Bank of India is considering to prepare a revival package for its ailing subsidiary, SBI Home Finance Ltd, but a final decision on this matter will be taken in the beginning of the next financial year, 2002-03. This was stated by Mr Janki ... More RBI & OTHER CENTRAL BANKS RBI wants to counter slowdown by boosting aggregate demand THE Reserve Bank of India has prescribed a combination of policy measurers to counter the current economic slowdown. These measures, aimed at boosting aggregate demand, include restructuring the composition of Government expenditure, attracting ... More PRIVATE BANKS Bank of Bengal in the offing EFFORTS are on to set up a Bank of Bengal, subject to the Centre's approval, Mr Somnath Chatterjee, Chairman of the West Bengal Industrial Development Corporation (WBIDC), said. The bank would pool the capital contributed by NRI venture ... More
HDFC Bank Q3 net up 43 pc PUBLIC SECTOR BANKS `BoB may take over Benares State Bank' THE Government has decided to reverse its earlier decision to wind up Benares State Bank in view of the interest evinced by Bank of Baroda (BoB) to take over the Varanasi-headquartered bank. ``The Union Cabinet had decided to wind up the bank ... More FINANCIAL INSTITUTIONS Moody's upgrades ICICI's foreign currency ratings MOODY'S Investors Service has upgraded the long-term foreign currency ratings (both senior and subordinated) of ICICI Ltd from `Ba2', which is the country ceiling for foreign currency bonds issued by Indian institutions, to `Ba1', thereby ... More GOVT BONDS Rs 5,000-cr Govt stock oversubscribed MUMBAI: The Rs 5,000-crore auction of the 15-year Government paper held on Monday was oversubscribed by over three times receiving a total of 435 competitive bids amounting Rs 16,056.504 crore. Of these, 82 bids worth Rs 4,851.724 crore ... More EVENTS `Banks must outsource non-core work' INDIAN banks will have to outsource non-strategic work in order to stay in tune with competition. Employees must concurrently be made free to concentrate on core banking activities, according to Mr Janki Ballabh, Chairman, State Bank of India. Mr ... More
Help Govt with data for WTO talks, PSBs urged
Adviser doubts rationale of bank privatisation
Universal banking is no panacea, says BoB chief
VRS modalities have to change, says Shetty Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Jan. 6-Jan. 12 General insurance cos plan to consolidate branches Strike of irrelevance Canara Bank IPO to follow results Gilt investments turn to gold for banks |
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