Financial Daily from THE HINDU group of publications
Tuesday, March 19, 2002
| Forex Rates March 18 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, March 19, 2002 |
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MONEY & BANKING FOREX Re range-bound; gilts slip Mumbai: THE rupee traded in a narrow range of 48.7125-48.7150 on Monday, before finally closing at 48.7025/7125 to a dollar almost unchanged from its previous close of 48.71/7150. Dealers said that the forex markets were characterised by good ... More NBFCS `Speed up cheque bouncing cases' The NBFC sector has for a long time been pleading for a speedy, summary and prima facie penal action on account of dishonour of Negotiable Instruments by toning up the existing provisions. The legal system, it is pointed out, takes its own long windi ng process to enforce the said section, thus foiling its very purpose. More GENERAL INSURANCE Motor insurance set to rise sharply MOTOR insurance companies are set to raise tariffs by at least 100 per cent over what has been prescribed by the Insurance Regulatory and Development Authority (IRDA) for the next financial year. This is being done in a bid to correct some of ... More HUMAN RESOURCES Institute of bankers in talks with Dubai group for training schemes THE Indian Institute of Bankers is in discussions with the Dubai-based International Educational Institute of the Varkey group under which the Indian institution could conduct exams and hand out diplomas in banking. Mr Y. Radhakrishnan, ... More PRIVATE BANKS Lord Krishna rights oversubscribed THE rights issue of Rs 35.77 crore offered by Lord Krishna Bank Ltd has been oversubscribed. According to a statement issued by the bank, "Shareholders were offered the rights issue at a premium of Rs 2 per share in the ratio of 10 equity ... More INTEREST RATES `Real interest rates higher' MUMBAI: REITERATING his earlier position, the Governor of the Reserve Bank of India, Dr Bimal Jalan, today said that the real interest rate had been on the higher side and the interest rates should soften in the near future. "The interest ... More
State Bank of Mauritius cuts deposit rates
SHORT TERM INSTRUMENTS Call rates may rise to 7.5-8 pc CALL rates are expected to climb up to 7.5-8 per cent range, according to the weekly update on fixed income securities from the ICICI Securities (I-Sec). Liquidity is set to tighten further after the outflow of advance taxes from the system ... More SECURITISATION Will securitisation turn out to be a vibrant industry? One major advantage of securitisation is its flexibility. A pool of receivables could be split into different `strips' and sold to different types of investors. More MERGERS & ACQUISITIONS IDFC picks up stake in Securities Trading Corpn INFRASTRUCTURE Development Finance Company Ltd (IDFC) has picked up a five per cent stake in Securities Trading Corporation of India (STCI), the primary dealership outfit. According to Mr A.R. Barwe, Chief Financial Officer, IDFC, "For the five ... More TRADE & LABOUR UNIONS Andhra, Syndicate Bank staff strike on March 27 THE employees of Andhra Bank and Syndicate Bank will observe a one-day token strike on March 27 in their respective branches to protest against the bank managements' "attack on basic and legitimate trade union rights," according to a statement ... More EVENTS PEOPLE Venkitaramanan is non-executive chief of IndusInd MUMBAI: Mr S. Venkitaramanan, former Governor of Reserve Bank of India, will take over as non-executive Chairman of IndusInd Bank. Mr Venkitaramanan takes over from Mr Arjun Asrani, who served on the bank's board since 1994 after a long ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Mar. 10-Mar. 16 Run on AP co-op bank Prudential Bank stops premature payments -- RBI steps in to avert liquidity crisis Oil refineries face hike in insurance premiums No hurry to cut Bank Rate: Jalan |
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