Financial Daily from THE HINDU group of publications
Monday, April 01, 2002
Financial Daily from THE HINDU group of publications Monday, April 01, 2002 |
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MONEY & BANKING ECONOMY Faltering Govt revenues THE Cromptroller and Auditor General (CAG) has released the details of the Central Government's accounts for the month of February 2002. As usual, it is quite clear from the April-February data that the Government will again miss the revised ... More FOREX Rupee may be supported at 48.80 vs dollar THE rupee ended the financial year on an upbeat note. Having hit a low of 48.86 against the dollar earlier in the week, it closed at 48.80 thus recording a depreciation of 4.5 per cent for the April to March 2002 financial year. The factors ... More
Q3 current account posts surplus after nine years EXIM POLICY Bankers sceptical on OBU impact IN what Mr Murasoli Maran, Union Commerce Minister, termed as a "very significant decision," Indian banks are to be allowed to open overseas banking units (OBU) in 13 Special Economic Zones (SEZ) in the Exim policy announced today. These units ... More MANPOWER Corporation Bank may seek Govt nod for special VRS UNDER severe pressure from its staff to throw open an exit route, Corporation Bank is considering the option of approaching the Government to devise a special Voluntary Retirement Scheme (VRS) to allow only a highly selective offer. The special ... More
Corpn Bank officers to intensify stir GENERAL INSURANCE Move to promote outsourcing avenue for software firms THE Technopark-based Dataware Digital Labs (DDL) proposes to rope in expert faculty from the US to conduct awareness programmes in Thiruvananthapuram on the implementation, over the next three years, of the Health Insurance Portability and ... More
Raichur thermal power station units 3, 4 -- ICICI-Lombard emerges lowest bidder for risk cover FINANCIAL POLICY 
Offshore branches will lead to easy transactions: BallabhOVERSEAS banking units proposed under the Exim Policy will not only help provide funds at international costs to units in the special economic zones (SEZs) but also will facilitate easy transactions of export deals, according to Mr Janki Ballabh, ... More PRIVATE BANKS Diversified portfolio for ICICI Bank post-merger THE strategy of ICICI Bank after the merger with ICICI Ltd will be that of building a diversified portfolio to de-risk the company. ``The diversification strategy will also link our funding requirements,'' Mr K.V. Kamath, Managing Director, ... More
Nadar forum to meet RBI Governor GOVT BONDS Spectre of public borrowing over bond market BOND markets continued to see-saw in a weak year-end trading, despite the banking system being awash with liquidity. Ten-year yield to maturity (YTM ) rose lightly to 7.40 per cent from last weekend's 7.43 per cent, spurred by book ... 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. 24-Mar. 30 Proposal to merge banking, insurance ombudsman schemes IRDA caps agency commission at 15 pc Importers can rebook cancelled forward deals Insurers team up to fight 'rebate' menace SBI cuts PLR 50 basis points -- Deposit rates reduced by 25 points Sharp drop in FI disbursements SBI housing loans likely to be cheaper Bumper profits may help banks to clean up balance sheets Annuities market thrown open to private insurers -- LIC loses exclusive preserve |
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