Financial Daily from THE HINDU group of publications
Thursday, February 07, 2002
Forex Rates Feb. 6 (4.30 p.m. IST)
1 PoundRs 68.79
1 EuroRs 42.15
1 USDRs 48.64
1 YenRs 36.36
1 Sing $Rs 26.53

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MONEY & BANKING

FARM CREDIT


Andhra Bank invites farm sector views
HYDERABAD: Andhra Bank has sought presentation papers by experts and suggestions and grievances from farmers' forums to be submitted to the Parliamentary Standing Committee on Finance. According to a release issued here on Wednesday, the ... More

INVESTMENT BANKING


Lazard-SBI Caps to be advisor for SCI sell-off
THE Union Government has flagged off the process of divesting 51 per cent of its stake in Shipping Corporation of India (SCI) by appointing Lazard Capital-SBI Caps consortium as global advisor for the deal. "Lazard Capital-SBI Caps consortium ... More

FOREX


The other side of euro transition
WHENEVER big changes are contemplated and implemented, many expected and unexpected things take place during the transition period and after the project's implementation. Consider the euro. A dozen sovereign nations, all advanced, have shed ... More

Re sheds 5 paise; gilts rally
MUMBAI: THE rupee closed weaker by around 5 paise at 48.68/69 against the dollar, as compared to yesterday's close at 48.64/65 in a range-bound forex market on Wednesday. Forex dealers said, after opening the day at 48.6450/6550, the currency ... More

NBFCS


IBA directive gives a fillip to CV financing
FINANCING of commercial vehicles has become cheaper and easier after a "suggestion'' by the Indian Banks' Association for easier lending norms, which promises to revive demand and boost sales, manufacturers and financiers say. The commercial ... More

HOUSING FINANCE


`Needed, a mechanism to retain money in housing'
THE Government could look at ensuring that it is attractive for funds emanating from housing to remain within the sector, said Mr Keki M. Mistry, Managing Director, Housing Development Finance Corporation Limited (HDFC). Explaining, he said, ... More

RBI & OTHER CENTRAL BANKS


RBI group for consolidated statements by banks
The RBI group has said that consolidated prudential reports should initially be introduced on a half-yearly basis from April 1 as part of the off-site monitoring system and subsequently made more frequent as appropriate. More

NON-PERFORMING ASSETS


SBI settlement plan to co-exist with RBI scheme
STATE Bank of India's own one-time settlement scheme (OTS) for recovery of dues will co-exist with the RBI's newly-launched one-time settlement scheme (OTS II), according to SBI sources. It might be recalled that SBI's OTS was launched in July ... More

E-COMMERCE & E-BUSINESS


SafeScrypt issues digital signature to Mahajan
SAFESCRYPT Ltd, a Satyam Infoway company affiliated with VeriSign Inc, issued the country's first digital signature certificate to the Minister for Communications and IT & Parliamentary Affairs, Mr Pramod Mahajan, at an official ceremony here on ... More
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Top Stories
PSU stocks take market on joy trip


Hyundai planning to come out with IPO

McKinsey reiterates $50-b export aspirations

FMCG brands bank on smaller packs

SafeScrypt issues digital signature to Mahajan

IBA directive gives a fillip to CV financing

Gold, silver zoom to new high

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Jan. 27-Feb. 2
Private players set to enter domestic money transfer

Develop bond market to cut forex risk: BIS

Letter of credit: A scam in the making?

SBI `relief package' for slowdown-hit units

3 options for insurance development officers

Re loses 12 paise

Treasury operations sparkle for banks

SBI net goes up three-fold in Q3


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