Financial Daily from THE HINDU group of publications
Wednesday, April 24, 2002
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Financial Daily from THE HINDU group of publications Wednesday, April 24, 2002 |
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MONEY & BANKING FINANCIAL SERVICES PNB Gilts net rises 140 pc; to pay 24 pc PNB Gilts Ltd has recorded net profits of Rs 112.59 crore in 2001-02, a 140 per cent increase from Rs 47.05 crore the previous fiscal. The company has announced a dividend of 24 per cent. The total income, however, grew by 4 per cent to touch ... More FOREX Rupee closes at new low Mumbai: POLITICAL uncertainty coupled with importer demand for the greenbacks pushed the rupee to a record intra-day low of 49 against the dollar on Monday. According to dealers, public sector banks were buying dollars to meet defence related ... More HOUSING FINANCE Canara Bank cuts housing loan rate BANGALORE: Canara Bank has announced a downward revision in housing loan interest rates to 11 per cent for loans below Rs 10 lakh and 11.5 per cent for loans above Rs 10 lakh. It has also introduced two new products for the housing ... More LIFE INSURANCE Jeevan Shree brings chunk of first premium LIFE Insurance Corporation of India (LIC), has ended the financial year 2001-02 with growth of 137 per cent in first premium income at Rs 14,844 crore against Rs 6,262 crore in 2000-01, buoyed mainly by sales of its popular single-premium policy, ... More GENERAL INSURANCE Oriental Insurance set to restructure workforce ORIENTAL Insurance Co. Ltd is gearing up to restructure its workforce. It has circulated a notice stating that all officers, except those of Class II, may be transferred even if they are not being promoted. As expected, the notice was not ... More PRIVATE BANKS Bank of Rajasthan moves SEBI on takeover law violation BANK of Rajasthan has complained to the Securities and Exchange Board of India that Devyani Foods Ltd, an existing shareholder of the bank, has violated the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation of 1997. It has asked ... More FOREIGN BANKS StanChart offers 365-day service KOLKATA: Standard Chartered Grindlays has introduced 365-day banking at its Shakespeare Sarani branch here. The branch, a press release said, would remain open for business on all days of the year, including Sundays and national ... More
DEA to re-examine Citibank Overseas stake in e-Serve FINANCIAL INSTITUTIONS ICICI withdraws corporate debt obligation fund ICICI has withdrawn its Rs 506-crore corporate debt obligation (CDO) fund following lukewarm response from investors. According to ICICI officials, the product was ``too complex to find favour with investors''. An ICICI official closely ... More
ICRA cuts IFCI rating further GOVT BONDS Bonds no longer one-way bet MOST banks will be reporting bumper profits or vastly improved results for 2001-02. It will come as no surprise. Bond yields have crashed resulting in handsome capital gains on their fixed income portfolios. After all, the RBI mandates that 25 ... More NON-PERFORMING ASSETS AP Govt move to reduce NPAs in co-op credit structure IN a move to reduce non-performing assets in co-operative credit structure and also to provide relief to the farming community affected by drought and other natural calamities, the Andhra Pradesh Government has decided to implement one-time ... More EVENTS IPOS PNB finalises allotment PUNJAB National Bank (PNB) has finalised the basis of allotment of its recently concluded public issue according to which all 47,892 applicants who had applied for 100 shares would be granted firm allotment. For other applicants, allotment has ... More OUTLOOK PNB net expected to touch Rs 550 cr PUNJAB National Bank's net profit for the year ended March 31, 2002, is expected to be around Rs 550 crore, as against Rs 463.64 crore for the previous year, which then, works out to a growth of around 18 per cent. The increase in the net ... 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. 14-Apr. 20 Pre-condition for premium hike in future -- Truckers want third party liability capped 48.95 crucial level for the rupee Kotak Mahindra to merge four arms with itself Strike brings cheque clearing to standstill Centurion promoter Ahuja quits board Interest rate adharma Policyholders' protection regulation in the offing 2.31 cr new policies sold in 2001-02 -- LIC close to deal for venture in Lanka |
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