Financial Daily from THE HINDU group of publications
Tuesday, April 09, 2002
| Forex Rates April 8 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, April 09, 2002 |
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MONEY & BANKING FOREX Re down 6 paise; gilts fall Mumbai: THE rupee weakened by six paise on Monday to close at 48.90 to the dollar as against the previous close of 48.84 in a volatile forex market. The currency opened at 48.8450. Forex dealers said, the rupee primarily weakened on account of ... More LIFE INSURANCE HDFC Standard Life achieves Rs 12-cr premium target HDFC Standard Life Insurance Company has achieved its annual target of Rs 12 crore of premium income earned, the company's General Manager-Distribution, Mr Paresh Parasnis, said here. "We are very happy the way things have worked out in the ... More GENERAL INSURANCE Jindal Vijaynagar mandate goes to ICICI-Lombard ICICI-Lombard General Insurance Company Ltd has pipped the public sector insurance companies to bag project insurance mandate for the Jindal Vijaynagar Steel Ltd. This mandate means that ICICI Lombard is the lead insurer and risk cover would be ... More PRIVATE BANKS ICICI Bank has most number of ATMs THE ICICI Bank has the most number of ATMs in the country. Its 1,000th ATM was inaugurated in Mumbai last week. According to a press release, the bank has invested into the BASE24 software, of the Chennai-based Financial Software and Systems ... More PUBLIC SECTOR BANKS Corpn Bank move on Ruia Cotex may hit Jessop sale THE sale of the engineering PSU Jessop to Ruia Cotex, which now under a stay order of the Calcutta High Court, seems to be heading for another road block, with the Corporation Bank planning to write to the Disinvestment Commission and the Reserve ... More
PNB business up 17.5 pc
Indian Bank Singapore branch licence GOVT BONDS Good response to bonds auction MUMBAI: The two Government papers, which were put up for sale in the RBI's open market operations (OMO) received a satisfactory response, according to market players. The auction of 11.19 per cent 2005, which was for an aggregate ... More NON-PERFORMING ASSETS Alternative mechanism for NPAs urged BANKS and financial institutions in the country should explore the alternative dispute resolution (ADR) mechanism as an effective means to settle disputes and bring down NPAs by reducing the cost and time in resolving them, according to Dr C. ... More EVENTS Mumbai seen ideal as global financial centre THE Confederation of Indian Industry (CII) has mooted development of Mumbai as an international financial centre. At a seminar to discuss the `way forward' with regards to the regulatory, legal and infrastructure policies in this regard, CII ... More CO-OPERATIVES Repco Bank seeks Govt nod to de-cooperatise THE Repatriates Co-operative Finance and Development Bank Ltd (Repco Bank) is considering a proposal to convert itself into a scheduled commercial bank. The bank's board has considered this proposal a couple of times and shortly, the proposal ... 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. 31-Apr. 6 GTB ousts 7 top officials Govt cuts SDS to 9 pc; PF rate reduction on anvil `Further rate cuts difficult unless costs come down' Making effective use of rural bank branch staff GTB may resume search for strategic partner -- Retail deposits soar by Rs 1,000 cr Rupee falls to new low, recovers FI-promoted banks may get to do Govt business Of elephants, rabbits and GIC Fortune Panel moots due diligence for private bank directors SBI for merger of select associate bank branches |
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