Financial Daily from THE HINDU group of publications
Saturday, April 20, 2002
| Forex Rates April 19 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, April 20, 2002 |
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MONEY & BANKING FINANCIAL SERVICES First Remit gets nod to expand operations THE UK based money transfer company, `First Remit,' is expanding its operations in India. The RBI has given the approval for the company to have sub-agents in India. The company's main agent in India is Development Credit Bank ... More FOREX Rupee steady; gilts decline Mumbai: THE rupee closed almost unchanged on Friday from the previous level of 48.90/91 against the dollar in the forex market. The domestic currency opened at the same level. Dealers said the rupee strengthened to a high of 48.88 n account of ... More NBFCS KTDFC to sponsor MICU upgradation KERALA Transport Development Finance Corporation (KTDFC), a Government of Kerala undertaking and non-banking finance company registered with the Reserve Bank of India, has entered into an arrangement with Medical College, Thiruvananthapuram, ... More LIFE INSURANCE 2.31 cr new policies sold in 2001-02 -- LIC close to deal for venture in Lanka LIC's next hop could be the US. Mr Banerjee said that the Corporation would apply for registration shortly, but as per the US legislation, it would have to wait for some time, which could go up to even three years, before the operations begin there. More PUBLIC SECTOR BANKS 8 SSIs qualify for SBI quality scheme STATE Bank of India's quality support scheme, aimed at encouraging borrowing units in the SME sector to go in for quality upgradation, has recognised eight units which have obtained the desired quality certification. SBI's Bengal circle has ... More REGULATORY BODIES & RULINGS Prudentia plans for NBFC services hit snag The DEA had earlier recommended rejection of the proposal. But the Secretariat of Industrial Approvals (SIA) cited the case of Zurich Insurance Company, which was granted approval by the Foreign Investment Promotion Board (FIPB). More NEW PRODUCTS & SERVICES Federal Bank launches new transfer facility THE Aluva-based Federal Bank has launched a speedy remittance facility called FedFast, focussing on NRI account holders of the bank. The bank has demand draft drawing arrangements with 13 exchange houses and seven banks in West Asia. Around Rs ... 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 Apr. 7-Apr. 13 Third party cover can't be denied, says IRDA -- Allows 100 pc hiking of motor insurance tariff Morgan Stanley leads in investment banking: Study Madras HC stays cut in tax on perks Insurance VRS may be on offer shortly |
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