Financial Daily from THE HINDU group of publications
Friday, April 26, 2002
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Financial Daily from THE HINDU group of publications Friday, April 26, 2002 |
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MONEY & BANKING FOREX Dollar-rupee interest rates: How strong is the link? Financial market history over the past few years points to a low level of correlation between the two on the upside. In the event, higher dollar interest rates need not automatically translate into higher rupee rates. More
Re may not depreciate further, say bankers LIFE INSURANCE HDFC Standard does Rs 1,266-cr business HDFC Standard Life Insurance Company Ltd, which has completed 15 months of operations in March 2002, has said its premium income has more than doubled its target. The premium income amounted to Rs 36 crore against the target of Rs 15 crore. ... More GENERAL INSURANCE Agarwal quits AIG, may join Cholamandalam AIG's Country Head, Mr Arun Agarwal, has quit and is expected to move to the Murugappa group-promoted Cholamandalam General Insurance Company Ltd (CGICL). This is the second major resignation from AIG, in one month. Last month, the AIG Life ... More PUBLIC SECTOR BANKS SBI Bengal Circle to build on housing loans STATE Bank of India has identified housing loan as the thrust area to boost advances in its Bengal Circle, covering West Bengal, Sikkim and Andaman & Nicobar Island, in the current financial year (2002-03). Giving this information to ... More
Canara Bank sees operating profit at Rs 1,550 cr
NON-PERFORMING ASSETS Multilateral bodies lukewarm to ARC -- IFC also likely to stay away HOPES of multilateral participation in the country's pilot Asset Reconstruction Company (ARC) are fading with the International Finance Corporation (IFC) too indicating to the Government that it might stay away from equity infusion in the ... More FIXED DEPOSITS Higher deposit limit sought for unrated hire purchase cos IN a recent Credit Policy representation to the Reserve Bank Governor, the Association of Leasing & Financial Services Cos (ALFS) has urged the apex bank to increase the deposit acceptance limit of unrated Hire Purchase and Leasing Companies ... More REGULATORY BODIES & RULINGS 
New motor insurance tariffs by mid-MayTHE Insurance Regulatory and Development Authority of India (IRDA) is likely to announce the rationalised tariff structure for motor vehicles insurance by the middle of May, the IRDA Chairman, Mr N. Rangachary, told Business Line. The ... More
IRDA begins operations from Hyderabad ALLIANCES & JOINT VENTURES CO-OPERATIVES TN co-op banks to offer one-time settlement of dues THE co-operative banks have fallen in line with the nationalised banks, by introducing the one-time settlement (OTS) scheme to recover long-pending dues from their borrowers. The scheme is being implemented in Tamilnadu State Apex Cooperative ... 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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