Financial Daily from THE HINDU group of publications
Tuesday, January 22, 2002
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Financial Daily from THE HINDU group of publications Tuesday, January 22, 2002 |
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MONEY & BANKING FOREX Re ends weak; gilts gain MUMBAI: THE rupee closed marginally weaker on Monday at 48.2550/2650 as compared to the previous close of 48.2450/25 in a lacklustre forex market. Forex dealers said, that the rupee opened at 48.24/25 and saw a day's high of 48.22, before ... More LIFE INSURANCE AMP Sanmar takes the field with Steve Waugh AMP Sanmar Assurance Company Ltd on Monday announced its arrival on the life insurance scene in India, pinning its business hopes on the potential in small towns and villages and the brand-building effects of the captain of the Australian cricket ... More GENERAL INSURANCE HDFC to finalise non-life venture partner MUMBAI: The board of directors of Housing Development Finance Corporation Ltd (HDFC) will meet on January 23 to finalise a joint venture partner for the company's proposed venture into non-life insurance. While senior HDFC officials ... More RBI & OTHER CENTRAL BANKS eFunds to assist Logica in RBI project BANGALORE: eFunds Corporation, a provider of electronic payment, risk management and related information technology and business process improvement services, announced on Monday that it had been awarded a multi-million dollar ... More PUBLIC SECTOR BANKS Syndicate Bank to network branches SYNDICATE Bank will roll out its networking plan, called the `Centralised Banking Solution', this month. While three branches in Bangalore, Mumbai and Delhi will be connected this month, the bank expects to network at least 15 branches by the end ... More
SBT posts Rs 73.27-cr Q3 net FOREIGN BANKS ABN Amro launches NetBanking initiative ABN Amro Bank has launched a NetBanking initiative for its consumer banking segment under which it plans to increase its direct and non-branch delivery network, according to a company release. The NetBanking initiative is powered by BankAway ... More INTEREST RATES Flexible rates key to lower industry costs, says Jalan IMPARTING flexibility to the domestic interest rate structure and moving away from a fixed interest rate structure to reflect changes in inflation levels for both borrowers and savers is the only way to ensure low interest costs for the Indian ... More GOVT BONDS Revise gilt investment norms, say co-op banks THE Reserve Bank of India should reconsider its stipulation mandating urban co-operative banks to invest 25 per cent of their SLR deposits in Government securities, as it would pose severe constraints on them. At present, urban co-operative banks ... More CORPORATE BONDS M&M issue downgraded MUMBAI: Crisil has informed that the `AA+' rating assigned to the Rs 1,020-crore non-convertible debenture (NCD) issue of Mahindra & Mahindra Ltd (M&M) has been revised downward to `AA'. However, the `P1+' rating assigned to M&M's Rs ... More NON-PERFORMING ASSETS Banks, FIs seek Govt guarantee on ARC bonds BANKS and financial institutions (FIs) have sought Government support in the form of a guarantee on the bonds to be issued by the proposed Asset Reconstruction Company (ARC). Backed by a Government guarantee, it would be far easier for them to ... More
`Compliance key for cutting NPAs'
OBC files 6,000 NPA cases CREDIT CARDS & DEBIT CARDS PNB Privilege Card launched NEW DELHI: Punjab National Bank (PNB) has launched the PNB Privilege Card, which will offer pre-approved personal loans to select customers. The Chairman and Managing Director, Mr S. S. Kohli, said customers with a minimum salary ... More FIXED DEPOSITS Peerless, Iffco-Tokio FD plan PEERLESS General Finance & Investment Company Ltd, along with Iffco-Tokio General Insurance Company Ltd, has launched co-branded fixed deposit schemes. Mr S.K. Roy, Managing Director of Peerless, said during the launch that the fixed deposits ... More EVENTS Rearview Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Jan. 13-Jan. 19 Stanchart in alliance with Dept of Posts RBI wants to counter slowdown by boosting aggregate demand Don't miss the message Banks may `lose interest' in cos Corporatise to give banks bigger say in decision-making: Reddy Indian Bank operating profit up IRDA nod for licences to 7 third party administrators `No time-frame for CRR cut' Bank privatisation efforts faltering |
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