Financial Daily from THE HINDU group of publications
Thursday, April 04, 2002
| Forex Rates April 3 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Thursday, April 04, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FOREX Rupee falls to new low, recovers THE rupee on Wednesday fell to a new historic low of 48.96 to a dollar before recovering to close at 48.89/90, nine paise weaker compared to its previous close. The currency closed at its weakest level of 48.8150/8250 on April 2 while it last ... More NBFCS Select NBFCs gain on specific events SOME non-banking financial companies seem to be witnessing slightly increased activity on the bourses despite the sector not being out of the woods yet. According to brokers, generally speaking, NBFCs are not a great growth story. However, ... More LIFE INSURANCE ICICI Pru Life issues 1 lakh policies ICICI Prudential Life Insurance Company Ltd, the joint venture between ICICI Ltd and Prudential plc of UK, has issued one lakh policies as on March 31. The company has underwritten policies amounting to over Rs 1,500 crore and has a premium ... More GENERAL INSURANCE 
Of elephants, rabbits and GIC FortuneWONDER what rabbits, elephants and other animals have got to do with GIC's Fortune '94 schemes? They figure on the scheme's list of discounts for unit holders on premia for general insurance The MF, whose registrar — Karvy Consultants -- ... More FOREIGN DIRECT INVESTMENT Differing views on foreign equity in Indian banks BANKERS remain polarised over the issue of foreign banks picking up equity in Indian banks. At the CII Banking Summit 2002, the debate on the subject generated a lot of interest with "some successful" nationalised banks opposing foreign entry and ... More PRIVATE BANKS GTB may resume search for strategic partner -- Retail deposits soar by Rs 1,000 cr THE Hyderabad-based private sector Global Trust Bank is seriously considering a proposal to revive its search for a strategic partner, preferably a global major. The search is aimed at an alliance partner who could add strengths to the bank in ... More
FI-promoted banks may get to do Govt business
Karnataka Bank turnover crosses Rs 10,000 cr PUBLIC SECTOR BANKS SBI plans to invest Rs 3,000 cr in Maharashtra, Goa STATE Bank of India (SBI) proposes to invest Rs 3,000 crore in the states of Maharashtra and Goa in the fiscal year 2002-2003. Addressing a press meet to discuss the bank's performance and projections for the new financial year, for its `Mumbai ... More GOVT BONDS Securities in tight range Mumbai: HUGE liquidity in the system boosted the sentiment in the bond markets on Wednesday, which saw funds of around Rs 24,000 crore being put through the repo auction and call rates dipping below six per cent. Dealers said that the ample ... More ALLIANCES & JOINT VENTURES SBT arrangement with Oman group THE Global Money Exchange Company, Sultanate of Oman, under the direct management of the State Bank of Travancore (SBT), will commence operations on Friday. Announcing this, an SBT spokesman said here that the exchange was promoted by the ... 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 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |