Financial Daily from THE HINDU group of publications
Tuesday, February 12, 2002
| Forex Rates Feb. 11 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, February 12, 2002 |
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MONEY & BANKING FOREX Rupee firm; securities flat MUMBAI: THE rupee closed steady on Monday at 48.71/72 per dollar as against the previous close of 48.70/71 in a lacklustre forex market. Dealers said demand and supply were evenly matched and the market remained range-bound. "The currency has ... More INFORMATION TECHNOLOGY INSURANCE LIC offers loan for NHDP at 100 basis pts over G-Sec rate THE Life Insurance Corporation of India (LIC) has offered to provide a long-term loan for Rs 6,000 crore to the National Highways Authority of India (NHAI) at 100 basis points over the Government of India securities (G-Sec) rates to part-fund the ... More PUBLIC SECTOR BANKS Syndicate Bank officers seek `fair' deal COIMBATORE: The Syndicate Bank Officers' Organisation (SBOO) has reiterated its demand for a `fair and just' promotion policy, a long-term transfer policy, reimbursement of various expenses, etc, among others. At its 10th all-India ... More
Corpn Bank `baseline' contest NON-PERFORMING ASSETS ARCs: Answer to bank NPAs? The most important long-term measure in containing the growth of NPAs is radically altering the bankruptcy and recovery laws and procedures. Setting up asset reconstruction companies will mean precious little given the state of bankruptcy and recover y procedures in India. The legal framework is critically linked to the success of ARCs. More
Govt not to guarantee ARC bond issues -- Rules out equity stake TRADE & LABOUR UNIONS Unions protest hiring of foreign consultants BANK employees have taken exception to the appointment of foreign consultants to study and recommend technical improvements, both in administration and in formulation of business strategies in the banking sector. Union representatives contend ... More
BoB employees plan stir EVENTS 
`Credit no hitch for viable SSIs'CREDIT should not be a constraint for viable projects in the small-scale industries (SSI) sector. The Government has initiated a number of steps to promote healthy growth in this area, according to Mr Vepa Kamesam, Deputy Governor, Reserve Bank ... More
`Regulators must co-ordinate to meet challenges' ECONOMIC OFFENCES 
Indo-US talks to block terror fundsTHE Reserve Bank of India Governor, Dr Bimal Jalan, on Monday held talks with the Deputy Secretary, US Treasury Department, Mr Kenneth Dam, on blocking terrorist-related funds movement and money laundering. According to the RBI, the two ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 3-Feb. 9 RBI Report on Currency and Finance, 2000-01 -- Policy-makers vs econometricians Banks cement housing loans, boost offtake SafeScrypt issues digital signature to Mahajan IBA directive gives a fillip to CV financing Asset reconstruction company -- World Bank opts out; ADB, IFC seek time DOs reject phase-out plan; look to Ministry |
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