Financial Daily from THE HINDU group of publications
Friday, February 15, 2002
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Financial Daily from THE HINDU group of publications Friday, February 15, 2002 |
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MONEY & BANKING FOREX Rupee steady; gilts rise MUMBAI: THE rupee ended relatively unchanged on Thursday from the previous level of 48.6850/6950 per dollar in a fairly lacklustre forex market. Dealers said, that although the currency opened weaker at 48.70/72, on account of the cash to spot ... More INSURANCE 
Dabur CGU set for April launchDABUR CGU Life Insurance Company, promoted by the Indian FMCG major, Dabur, and the UK's largest insurance group CGNU plc, expects to launch its insurance products in the country in April. The company is awaiting final approvals from the ... More
NBFCS NBFCs diversify from niches Apart from Ashok Leyland Finance and Cholamandalam Investment and Finance, Bajaj Auto Finance has also benefited from the success of the two-wheeler industry. So, is two-wheeler financing the ladder to the top? Not quite, say others in the sector . " Wait until the bad debts start kicking in," sniggers the competition. More
Expert group formed to review nidhi norms HOUSING FINANCE CanFin Homes plans Rs 50-cr pvt placement CANFIN Homes, the housing finance subsidiary of Canara Bank is tapping the private placement markets with a Rs 50 crore debenture issue. A bank release said here that the issue would be priced at 9.30 per cent, payable half-yearly and would ... More LIFE INSURANCE LIC plans foray into Sri Lanka THE Life Insurance Corporation of India (LIC) is scouting for a partner in Sri Lanka to enter the insurance market there. It plans to foray into the Emerald Island in about six months time. The public sector insurance major is looking for a ... More
A chapter closes RBI & OTHER CENTRAL BANKS RBI relaxes tier-II borrowing norms for foreign banks THE Reserve Bank of India (RBI) on Thursday eased the norms for foreign banks operating in the country for raising tier-II capital. As per guidelines issued, the RBI said that the amount eligible for inclusion in Tier II capital as subordinate ... More PRIVATE BANKS GTB expands branch network VIJAYAWADA: Global Trust Bank plans to increase the number of its branches to 100 and ATMs to 200 by the end of the financial year, the Executive Director, Mr Sridhar Subasri, has said. Currently, it has 94 branches and 153 ATMs, of ... More PUBLIC SECTOR BANKS J&K Bank to offer 5 pc equity to foreign partner JAMMU and Kashmir Bank (J&K Bank) has opened negotiations to rope in a foreign strategic partner that would be offered a 5 per cent equity holding in the bank. The Chairman, J&K Bank, Mr M. Y. Khan, told Business Line that the process of ... More INTEREST RATES SBI set to cut personal banking product rates STATE Bank of India (SBI) has decided to slash interest rates on its personal banking products by 1 percentage point to 1.5 percentage point shortly. While this is line with the current interest rate scenario, bank officials also expect this to ... More GOVT BONDS Online trading in gilts from today FROM Friday, banks and primary dealers in Government securities can carry out their trading in money market instruments online. This is possible as the RBI's Negotiated Dealing System (NDS) and the Clearing Corporation of India Ltd (CCIL) would ... More
CO-OPERATIVES Panic drawals from Rupee Bank ANXIETY, panic and anger ruled at most branches of the Rupee Co-operative Bank in the city for the third day on Thursday even as the branch heads tried to pacify angry depositors. At most of the branches, mobs rushed in and created chaos and ... More NEW PRODUCTS & SERVICES 
BoB MF unveils 3 debt schemesBoB Mutual Fund, which has around Rs 30 crore of total assets under management, has also received approval for the BoB Growth Fund and the BoB Balanced Fund, which are likely to be launched in a few months. 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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