Financial Daily from THE HINDU group of publications
Saturday, April 27, 2002
| Forex Rates April 26 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, April 27, 2002 |
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MONEY & BANKING FOREX Rupee gains; gilts range-bound Mumbai: THE rupee closed at 48.97/98 on Friday against the dollar as compared to the previous close of 48.99 in a lacklustre forex market. Forex dealers said that although there were some bunched up inflows in the market, both dollar demand ... More CREDIT POLICY Bankers expect VaR model BANKERS are expecting a road-map for a shift to Value at Risk (VaR) model of capital adequacy in the lean season credit policy to be announced on Monday. Banking sources said that such a capital adequacy ratio would be more dynamic and measure ... More NBFCS Consortium to buy Apple Fin property MOST of the 17 banks in the consortium, which funded the NBFC, Apple Finance Ltd, have agreed to accept the properties owned by the company against dues of around Rs 200 crore. The company's property at Bandra-Kurla complex in Mumbai is valued ... More HOUSING FINANCE Can Fin Homes net up at Rs 20 cr BANGALORE: Can Fin Homes Ltd has posted a net profit of Rs 19.81 crore for the fiscal ended March 31, 2002. The Q4 net rose to Rs 5.54 crore. The board has recommended a dividend of 25 per cent. Loan sanctions in 2001-02 touched Rs ... More LIFE INSURANCE Life insurance cos fear further complications CONCEDING to a partial rollback on service tax on life insurance premium would cost the exchequer the dearest, with the Finance Ministry estimating a near Rs 1,000 crore revenue loss from this move. The hit on account of this single decision ... More CREDIT RATING Jindal Iron NCD downgraded MUMBAI: ICRA has downgraded the rating assigned to the Rs 150-crore non-convertible debenture (NCD) programme of Jindal Iron and Steel Company Ltd (JISCO) to `LBB' (Structured Obligation) from `LA-'(SO). The new rating is under watch ... More PRIVATE BANKS ICICI Bank board recast THE ICICI Bank has reconstituted its board, appointing Mr K.V. Kamath as Managing Director and CEO, and Ms Lalita Gupte as Joint Managing Director. Currently, both Mr Kamath and Ms Gupte are non-wholetime directors of the bank. The ... More FOREIGN BANKS MERGERS & ACQUISITIONS RBI approves ICICI, Bank merger plan ICICI Bank Ltd, which was granted approval by RBI today for merger of ICICI Ltd with it, will have to lend an additional 10 per cent to priority sector, over and above the mandatory 40 per cent of the total advances applicable to other ... More CO-OPERATIVES Coimbatore co-op bank to add three branches THE Coimbatore District Central Cooperative Bank (CDCCB) is to widen its operational network with the opening of three more branches during the current fiscal. These branches are to come up in Pethapampatti near Udumalpet, Vadavalli and ... More PEOPLE 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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