Financial Daily from THE HINDU group of publications
Wednesday, May 01, 2002
| Forex Rates April 30 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, May 01, 2002 |
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MONEY & BANKING OVERSEAS BORROWINGS Foreign currency borrowings -- Exim Bank can tap FCNR(B) funds of commercial banks This move will allow us to play more aggressively in both pre-shipment and post-shipment credit. More FOREX You bet, forex is the bigger asset! IT is common knowledge now that the country's foreign exchange reserves have increased spectacularly over the past decade — from $5.83 billion in 1990-91 to $21.69 billion in 1995-96 and $54.11 billion in 2001-02. What is less known, ... More
Re gains 3 paise; gilts up HOUSING FINANCE PNB cuts rates on housing loans PUNJAB National Bank (PNB) has announced a reduction of interest rates on housing loans under floating and fixed option effective May 1. Under the floating option, the interest rate has been reduced to 10.75 per cent per annum from 11.50 per ... More GENERAL INSURANCE 
ICICI Prudential unveils two new pension schemesICICI Prudential Life Insurance Company Ltd has launched two pension products - `Life Time and LifeLink pension', which are structured to offer individuals a retirement plan combining steady returns with the assurance and longevity of a ... More CREDIT RATING Fisaf rating NEW DELHI: ICRA Ltd has assigned an `A1+' rating to the Rs 25-crore short-term debt and Rs 25-crore commercial paper (CP) programmes of Fiat Sundaram Auto Finance Ltd (Fisaf). ... More DEBT MARKET Steady seas ahead for bond market THE RBI's objective in drawing up the Credit Policy seems to have been two-fold. One, to improve the flow of banking funds to specific areas of the economy to boost domestic demand and spur growth, especially in the housing sector, and to ... More RBI & OTHER CENTRAL BANKS Exim Bank to extend credit to all commodities THE Reserve Bank of India has permitted Exim Bank of India to provide lines of credit (LOC) for financing export of all commodities that fall under the Exim Policy. Mr R.M.V. Raman, Executive Director, Exim Bank said on Tuesday, "We now have a ... More PRIVATE BANKS South Indian Bank net up 50 pc at Rs 62 cr THE net profit of the Thrissur-based South Indian Bank has grown by 50.4 per cent to touch Rs 62.41 crore for 2001-02, as against Rs 41.50 crore recorded in the earlier year. Meanwhile, the gross profit has grown by 61.6 per cent to Rs 172.90 ... More PUBLIC SECTOR BANKS Central Bank proposes Rs 500-cr IPO CENTRAL Bank of India is contemplating a public offer during the second half of the current fiscal. The bank's Executive Director, Mr V.N. Saxena, told Business Line here on Monday that the size of the offer would be Rs 500 crore. He ... More FINANCIAL INSTITUTIONS Interest on IDFC loan linked to G-sec yields THE Government and the RBI have agreed to link the interest rate on the Rs 650-crore subordinated loan given by them to Infrastructure Development Finance Company (IDFC) to the yields on government securities. The original agreement was that ... More INTEREST RATES Canara Bank cuts personal loan rates BANGALORE: Canara Bank has taken the signal from the RBI's Credit Policy and carried out reductions in personal loans ranging from 0.5 to 1.5 per cent with effect from May 01. A bank release said that the move is in line with banks' aim ... 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. 21-Apr. 27 Bank on security rules to tackle armed attack Investment cap on relief bonds for retirees goes Oriental Insurance set to restructure workforce Bank of Baroda extends Rs 100-cr credit to IFCI New motor insurance tariffs by mid-May HDFC Standard does Rs 1,266-cr business |
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